Burkes & Co recently advised Burson Land Limited on the acquisition and subsequent development of this former restaurant in the West Midlands.
The existing modular diner was removed by the lessee and the site re-developed to accommodate some 3,600 sq ft of A1/A5 retail space with associated car parking.
The site, originally a Gulf Oil petrol filling station, comprises approximately 0.25 acres fronting the busy Thorns Road, one mile South of the Merry Hill Regional Shopping Centre, now known as Brierley Hill.
Originally acquired by Burkes & Co in 1996, on behalf of the Restaurant Group PLC for one of their brands, OK Diner, the site had potential for a more efficient re-development.
OK Diner Limited completed a management buyout of the brand several years later and Burkes & Co subsequently brokered a sale and leaseback of the site on behalf of a local developer. We advised on the site’s re-development; managing the process from submission of a planning application and the selection of the project team all the way through to practical completion and letting in conjunction with retail specialist, Andrew Thompson & Co. We subsequently negotiated the merger of the existing long leasehold and Freehold interests on behalf of our client.
Burkes & Co can offer a variety of bespoke services including site finding, development management, leasing & marketing and the sourcing of development funds on behalf of land owners / developers.
Our services can be designed to meet the needs of individual clients.
Visit our web site for further information.
www.burkesandco.com
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