Sandyford Properties

Sandyford Properties successfully completes the sale of Tesco Express in Hanley

Sandyford properties Sandyford Properties successfully completes the sale of Tesco Express in Hanley

Last updated on September 11th, 2023 at 09:39 am

Commercial property investment and management firm Sandyford Properties has completed the development, letting and sale of a 4,300 sq. ft convenience store. The unit has been let to UK retail giant Tesco and is located in the City Centre of Stoke-on-Trent. 

Tesco had taken the unit on a 15-year lease following the practical completion of the build by leading construction specialists, Egan Projects in December 2022. The build involved the demolition of two semi-dilapidated small business units which significantly uplifted the plot and surrounding area. 

During the sale, Sandyford Properties were represented by Mark Powell and Sam Beckett of PK3 Agency and received multiple bids before choosing the preferred buyer. The retail unit is situated on a roadside site on the edge of Far Green Industrial Estate, a multi-let industrial estate that continues to be owned by Sandyford Properties in Hanley, Stoke-on-Trent.    

Managing Director Paul Brindley, commented: “The sale represents the conclusion of the redevelopment of an area on the industrial estate. This has been a long time in the making and is a tribute to the efforts and diligence of all involved. The arrival of Tesco to Far Green Industrial Estate creates 20 new jobs and provides a significant boost to local amenities and I’m sure that it will be a great success in the location.”    

To progress this project, Sandyford Properties consulted a host of professionals for expert advice and guidance. Tesco Stores were first introduced to Sandyford Properties by James Lutton, Director at Nantwich legal firm Legat Owen. Planning advice was then provided by Charlotte Fowler, Director at Laroz Planning. Construction contract administration provided by Nick Willis at building consultancy, Woodfellows, along with liaison with Phil Hopkins at Manchester-based architects, studioPH. Sandyford’s legal advisors throughout were Claire Cosgrove and Isabel Saunders at Hill Dickinson.      

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