Challenge – Punch Taverns limited owned a pub site in Hucknall, Nottinghamshire that was trading poorly. Assured Property Group was retained to investigate a commercially viable alternative use for the site. There were several challenges on this site including a reinforced concrete basement, highway issues and local objections.
Outcomes – Assured Property Group oversaw successful building project. Sainsbury’s now open and trading on a 15 year lease with 20 new full and part time jobs created. The project was completed within 12 months from submission of planning application.
Financials: GDV £1m
Location: Hucknall, Nottinghamshire
Client: Punch Taverns Ltd
Retailer: Sainsbury’s Stores Ltd
Services provided: Commercial Development Management, Agency