Plans submitted for Grade A industrial development near Aylesbury

Chancerygate Vantage 41

Plans have been submitted to speculatively build 164,765 sq ft of Grade A light industrial and warehousing space on an 8.9-acre site in Aston Clinton, Buckinghamshire

Industrial developer Chancerygate, which has an office in Milton Keynes, intends to deliver 15 units ranging from 4,758 sq ft to 43,357 sq ft on the site which will be called Vantage 41.

All properties will be available on a freehold and leasehold basis and Vantage 41 will have a gross development value of £27m.

Chancerygate acquired the site off-market from Aston Clinton-based Midwinter Property Holdings for an undisclosed sum in March this year.

Located near to the Mercedes-Benz and Jaguar dealerships on the Aston 41 scheme, Vantage 41 is in a prime industrial location, providing quick access to the A41 and Junction 20 on the M25.

It is just over four miles from Aylesbury train station and town centre and just under three miles from the centre of Aston Clinton.

Chancerygate development manager, Matthew Young, said: “Vantage 41 will provide an excellent opportunity for businesses across the region to acquire Grade A industrial and warehousing space at a time when supply is very low.

“Industrial property prices are extremely high across much of west and north west London. Vantage 41 will provide an attractive and more affordable proposition to businesses in those areas looking to relocate, expand or even consolidate.

“Much of the existing industrial stock in and around Aston Clinton is available as leasehold or long leasehold only. Vantage 41 will remedy that situation offering units on a freehold basis at a time when the cost of borrowing is historically low. We look forward to working closely with Buckinghamshire Council to progress our planning application and to deliver prime industrial assets to the region.”

Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.

In addition to Milton Keynes, the company has offices in London, Birmingham and Warrington and currently has more than three million sq ft of industrial space under construction or ready for development across 23 sites ranging from Bournemouth to Edinburgh.

Sales agents for Vantage 41 site are JLL and Brown and Co.