The modern, purpose-built development in Stoke-on-Trent was delivered from start-to-finish through Godwin’s planning and development expertise.
UK property developer Godwin Developments announces that it has completed the investment sale of a new, purpose-built drive-thru and drive to roadside retail development for leading coffee operator Costa Coffee and UK bakery giant Greggs to a private investor in a multimillion-pound deal. The modern scheme is located next to the busy A50 Baths Road in Stoke-on-Trent and features six EV charging points operated by The EV Network, boosting the ESG credentials of the scheme.
Godwin Developments acquired the site in September 2020, identifying the potential of a prime roadside location which benefits from 60,000 daily passing traffic, large consumer catchment area and proximity to the well-established Phoenix Retail Park.
Within 15 months, the business had designed the scheme, secured planning and both tenants, and reached practical completion. The development was fully occupied in December 2021, demonstrating Godwin’s fast-paced development capability and ability to secure end users.
The drive-thru unit on-site, measuring 1,800sq ft, was pre-let to Costa Coffee within a month of the acquisition, with the second unit of 1,162sq ft subsequently let to Greggs to operate as a drive to store with the inclusion of outdoor seating.
In keeping with Godwin’s commitment to regenerating land and supporting economies, the development has created a total of 71 local jobs during the construction stages and through its operation. It has also provided passing traffic and the community with a modern, convenient new place to access these leading food and drink brands as well as increased the electric charging infrastructure of the area.
