A new £1m retail development scheme in Marley Way, Banbury, has welcomed its first tenant. Tile Giant has taken 3,500 sq ft of the 6,500 sq ft development on a ten-year full repairing and insuring lease at a rental close to £12.50 per sq ft.
The remainder of the premises is also under offer, and the whole development is close to being sold as an investment. Chris White, of agent White Commercial Surveyors, said: “Trine Developments has provided an attractive, quality scheme in an out-of-town location and has received substantial interest during the construction.”
He added the scheme has proved successful even when considering difficult trading conditions in the high street and out-of-town retail sectors.
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