Monday, June 24, 2024

Swift deal sees redevelopment of Burton property

Rushton Hickman has successfully appraised, marketed and sold 114-116 High Street, Burton upon Trent on behalf of client Great Central Properties Ltd, within a timeframe of just two months.

Regional Contractors Ltd has acquired the freehold of 114-116 High Street, Burton upon Trent, with plans to redevelop the first floor into residential apartments and modernise the ground floor for retail purposes.

Taylor Millington, the surveyor responsible for the transaction, said: “It is always positive news when a transaction progresses swiftly, resulting in a mutually beneficial outcome for all parties involved.

“Given the significant amount of interest the property got within the first week, we were able to quickly negotiate a strong deal for our client along with an agreed quick turnaround.”

Taylor continued: “The property requires extensive redevelopment to transform it into a mixed-use investment, but this is something that Regional Contractors Ltd were happy to take on.

“The modernisation of the retail shops will bring continued growth and addition to the busy high street and the repurposing of the upper floor into residential accommodation will help bring much needed homes to the market.”

Great Central Properties Ltd said: “I cannot express my sincere appreciation for the outstanding work the team at Rushton Hickman have done in marketing and facilitating the sale of our commercial property.

“The dedication, professionalism and strategic approach to marketing the property have been instrumental in attracting potential buyers. The comprehensive marketing campaign, including the well-designed promotional materials and online presence, showcased the property in the best light possible.

“The team’s prompt communication, attention to detail and proactive approach exceeded my expectations and I want to express my gratitude for all the hard work, commitment and the positive attitude that was brought to every aspect of this sale.

“I look forward to the opportunity of working together in the future, on my next purchase.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.