Property sale: Former Bradt and Dyke building acquired by occupier
Sandyford Properties has completed to sale of the former Bradt and Dyke building in Hanley, Stoke on Trent. The property has been acquired by current occupier, the Stoke-on-Trent franchise of The Little Dessert Shop.
The property has been owned by Sandyford Properties for over twenty years but this sale continues its strategy to focus on multi-let industrial assets where the company has its best market position and where it can add the most value.
A long lease of the upper floors was sold for residential development earlier in the year and the sale of the entire freehold interest completes Sandyford Properties exit from the wider scheme.
We are pleased to sell the building to the current occupier who will have exciting plans to develop it further as their business continues to prosper. Sandyford Properties continues to acquire new complementary assets into its portfolio and will use the capital raised by this sale to re-invest elsewhere in the business.