Bridge Rd, Stockton-on-Tees TS18 3BA
Chandlers Ford Retail Park was acquired as part of a much larger National Portfolio in a JV with a UK Bank. The Part comprised a Mecca Bingo Hall, Burger King, Texas Homecare and Netto. The Park was located on the edge of the town centre at the bottom of the High Street and formed part of the in-town retail offer.
We established there was a requirement from Grosvenor Casino and therefore negotiated a surrender of the Netto unit which was 7,700 sq ft. By incorporating the Netto loading bay into the built area we could build a 19,000 sq ft Casino arranged on ground and part first floors. We obtained planning consent for the casino which was pre-let. A further Planning consent was secured for additional unit for Farm Foods.
The Council had significant Highway Improvement proposals which required them acquiring part of the site as the new southern gateway to the town centre. We therefore negotiated a part sale of the park to the Local Authority for a road improvement scheme.