Local businesses and guests have celebrated the opening of Phase 2 of Three Michaels Yard industrial and warehouse development in Carterton.
Carterton Town Mayor, Lynn Little cut the ribbon on the development’s second phase which is now ready for occupation providing space for entrepreneurial businesses in the area.
The high specification industrial scheme provides 15,000 sq ft across 10 units and is notably the first new industrial scheme in West Oxfordshire to be completed in nearly a decade.
Three Michaels Yard is on the established Carterton Industrial Estate, accessed from Black Bourton Road, and provides the only Grade A industrial and warehouse accommodation in the area.
Three of the four units of Phase 1 of the development are occupied by RA Jones Ltd funeral directors, Factory 33 Ltd, a CNC machining specialists and BZN Box, operators of a specialist gymnasium. The fourth Unit is under offer to Two Red Sevens Ltd distance sellers of new and second hand media.
The first of the six units of Phase 2 is already occupied by One Planets Consultants Ltd, specialists in renewable energy technologies. This reinforces and emphasises the depth of demand and interest in the new scheme.
“I am very pleased to see new businesses opening in the town particularly here on the South Industrial Estate.
“We already know that Carterton offers affordable housing, so with the opening of these units we can also offer much need employment opportunities and a boost to the towns economy,” said the mayor.
Three Michaels Yard owner and developer Michael Bennett said: “Thank you once again to Carterton Town Mayor, Lynn Little, who came to cut the ribbon and support our launch event.
“We are pleased to have completed the project on time and on budget and are delighted to be able to assist a range of both startup and established entrepreneurs with the creation of this new development.”
Tom Barton, director of commercial property consultants VSL & Partners says: “The Oxfordshire commercial property market has been thriving and with industrial supply at unprecedented low levels this has been a highly sought after scheme.
“We look forward to announcing new lettings at Three Michaels Yard in the near future.”