Haslams - Industrial Development - Wallingford, Hithercroft Road

Date: 01 Sep 2005

Ravenbourne in conjunction with Allied Commercial Group have recently secured planning permission on a 1.82 acre site for the development of 21 high quality business/warehouse units from 1,212 sq ft to 3,229 sq ft at Hithercroft Road, Wallingford.

The development will be branded "Own Your Own (OYO)" and is one of 5 such schemes currently being developed in the South-East (Andover / Thame / Wallingford / Portsmouth / Dagenham) to give small companies the opportunity to acquire freehold business premises.

Neil Seager of Haslams commented "Despite strong demand for small freehold commercial property from occupiers and investors there remains a lack of suitable opportunities north of Reading. As a result OYO Wallingford should prove very successful."

With the downturn in the residential 'Buy to Let' market investors have been looking at the commercial sector more seriously. These small commercial freeholds are well within the budget of the current 'Buy to Let' purchaser and potentially allow investors to secure long-term leases. With the looming change in regulations purchasers are currently rushing to take advantage of the beneficial loan to equity value currently available which will dramatically reduced in April 2006.

CGI image of OYO at Hithercroft Road, Wallingford

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