DOZENS of jobs will be created when a new petrol station, store and drive-thru coffee shop is built in Rushden.
The national multi-sector property developer Godwin Developments has the joint land, leases and investment sale of the roadside site.
The deal, finalised in earlier this month, includes a Euro Garages Limited petrol station and drive-thru coffee operator.
The 1.7-acre site was secured by Godwin Developments in late 2018, and the business then moved quickly to gain planning permission and blue-chip clients in just under 14 months.
The company said upon completion, the roadside convenience development will deliver much needed amenities to nearby Rushden residents, a local industrial estate and traffic along the busy A6.
The route is the main arterial road connecting Kettering, Wellingborough and Bedford, and is used by about 20,000 vehicles daily.
Group development director of Godwin Developments Stuart Pratt said: “We are delighted to have finalised the sale of this investment to LondonMetric.
“The deal is a fantastic example of our capabilities to identify and acquire viable sites, obtain planning consent, secure leases to blue-chip tenants and complete sales to long income funds, at pace.
“Despite the recent coronavirus-related challenges we have all faced, a solid effort was made by all parties in this transaction to secure a successful outcome.
“I am also particularly proud of the way our team has adapted to the new remote working conditions – it is tangible proof of our ability to conclude deals and grow even during a lockdown.”
Will Evers, from LondonMetric Property, said: “We are pleased to have secured this highly desirable roadside convenience site, which will meet the requirement of its occupiers while also delivering attractive and repetitive income for our investors immediately. We believe convenience assets will retain their strong performance in the future, which is why they will continue to feature in our portfolio.”
The site is set to create several full-time new job opportunities when fully operational in addition to about 50 temporary roles while the project is being constructed.
For more visit Godwin Developments site at www.godwingroup.co.uk