Homebase, Market Drayton

Radcliffes purchased a two acre plot of land adjoining a new Lidl supermarket, on the site of a former Safeway supermarket.

We knew that Homebase had a requirement for the town, and we approached them with our scheme once the site had been secured. Our architects produced a selection of sketches providing the accommodation required, and we agreed the location, shape, and style of the building. We also agreed a specification and terms for the proposed building of 21,500sq ft with a garden centre, and entered an Agreement to Lease. We submitted a planning application, and negotiated with planners and adjoining owners, and were eventually granted a consent that was suitable to all parties.

During the currency of the planning application, we looked for a potential end purchaser of the completed investment. We drew up a shortlist of potential funds, and ultimately agreed terms with Invista Real Estate. Invista bought the land up-front with the commensurate saving in Stamp Duty, and provided development finance to the project. The scheme was finished on time, and on budget. Homebase were pleased with their new facility, Invista pleased with their new investment, and we were pleased with another successful project.

Radcliffes had been introduced to this opportunity by three individuals. An arrangement was agreed that they would share in the profit upon completion. These profit share payments were made to the satisfaction of all, without any written agreement. We value our network of contacts, and remain true to any agreement reached.

For more details contact John Radcliffe or Doug Slater on 01484 420212.

WHAT
OUR
CLIENTS
SAY

John Radcliffe ran this joint venture from the outset. This was a complicated site with no guarantee of success, but they stuck at it, and delivered a successful conclusion. I will have no hesitation in appointing them again, or recommending others to do likewise

David Cartledge

Royal Bank of Scotland

Radcliffes have maximised value for us. They advised in the selection of Morrisons and then lead the planning process to a valuable consent. Their approach is friendly and professional. Good people to work with.

Richard Pollard

NuSwift

We don't have the skills or experience in the property industry, and Radcliffes have been our development partner. They found the site, guided us through the planning and construction process, and delivered a high quality headquarters building that we can be proud of. On time and all within budget. This has been the ideal outcome for K T Hydraulics. Radcliffes have been great to work with, and I will happily recommend them to others.

Richard Ellis

MD, KT Hydraulics

Radcliffes understood our requirements, and delivered a complex project with minimum client input to a successful conclusion.

Chris Evenson

Property Director

MAXIMISING
PROPERTY
VALUES FOR
OVER 200 YEARS

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