PHANTOM (WMT&R LTD) SWOOPS INTO BANBURY

TAKING A 46,000 SQ FT INDUSTRIAL UNIT INVESTMENT FRONTING JUNCTION 11 OF LONDON TO BIRMINGHAM M40 White Commercial Surveyors and Singer Vielle have successfully sold 19 Wildmere Road, Banbury. The sale advertised through Singer Vielle attracted strong interest and achieved a sale price of £1.8m. Scottish Widows Investment Partnership was the receivers dealing with the property. The property which comprises of 46,000 sq ft of modern industrial warehouse space–sitting on a site of over 2 acres - has the benefit of 11 level access loading doors, an eaves height of 31feet with substantial external yard and car park. The premises, currently let to Formula Fast Indoor Karting Ltd – 32,737 sq ft and Trousdale’s Bakery – 13,150 sq ft, has been sold to an owner occupier who will in due course occupy the whole of the site and building operating as “Westmoreland Mechanical Testing & Research Ltd” a successful materials testing laboratory servicing the Aerospace, Automotive, Power Generation and other Industries globally. Chris White, Managing Director of White Commercial Surveyors – www.whitecommercial.co.uk Comments: - “The property has received a great deal of interest due to its proximity to Junction 11 of the London to Birmingham M40 motorway. I am delighted that the auction was so successful. Clive Thompson, Commercial Partner at Berry Morris Chartered Surveyors – www.berrymorris.co.uk Comments: - “We have been searching on behalf of Phantom Enterprises (WMT&R) for sometime. My clients were adamant that they wanted to purchase freehold and remain in Banbury if possible having been established here under the trading name of ‘Westmoreland Mechanical Testing and Research Ltd’ since April 2003. A prominent building with good access to the M40 was a key factor. The Receivership situation was a bonus enabling a purchase at a figure far lower than they were expecting to pay for a property of this size. This saving will be reinvested in the building and with expansion planned for the future more jobs will be created in the Town” Web; www.wmtr.co.uk email; salesuk@wmtr.com

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