Challenge – A site in Leicestershire own by a National Pub Company. Pub trade had declined, and client held another pub site nearby. There were structural issues with the floor and the client wanted to look at alternative uses to get the best value from the property.
Outcomes – Assured Property conceived the best outcome for the site and then obtained the planning permission and carried out development management of the whole scheme to enable the site to be sold to Central England Cooperative (formerly Midlands Cooperative) for in excess of £1m.
Financials: Estimated double the net value for the client.
Location: Burbage, Leicestershire
Client: National Pub Company
Services provided: Asset Management; Agency (Sale); Development Management (Commercial)