Policing a development agreement
The ability to enhance a site for both landlord and tenant opportunity is demonstrated here.
The Co-op agreed to a new long-term lease to provide the landlord and tenant with a much-improved income opportunity in the form of an expanded filling station, Co-op mini market and incorporated Greggs Bakery.
Gray Scanlan Hill monitored a significant demolition and refurbishment process to install new services, facilities petrol tanks, fuelling equipment, parking, drainage, canopy, new build supermarket, kiosk, parking and electric charging bays to modernise this long-standing petrol filling station, which has existed just off the M6 since the 1960s.
Working with the Tenant’s construction and professional teams, Gray Scanlan Hill ensured the Landlord’s Asset was respected, enhanced well and serves the Landlord as an asset beyond the lease granted to the tenants to ensure income from the asset flows as well as the fuel does!