Yorkshire-based Almscliffe-Dhesi Group Ltd has completed a significant property deal in the North East.
The firm is transforming a vacant car dealership site in Washington, Tyne and Wear, into a retail and trade destination.
The 13,400 sq ft development, which has received planning permission from Sunderland City Council, has been sold to a private investor for £2.275m.
The development, which is situated off Parsons Road near the A182 Washington Highway, will create more than 30 full-time and part time jobs.
Almscliffe-Dhesi is embarking on a major overhaul of the old Jennings dealership, dividing it into four individual retail and trade units, together with a new electric vehicle charging station run by Fastned. More than 30 car parking spaces, including two disabled bays, and a minimum of four cycle spaces will also be provided on site. Work will start on site shortly, with completion due late spring
The scheme is fully let to high-profile retailers Franks Flooring, Toolstation, Angling Direct and Greggs.
Neil Creeney, co-founder and director explained: “We are delighted to be transforming a vacant site into a thriving new destination with household names as occupiers. The development will provide a timely boost to the local economy, creating much-needed jobs.
Neil added: “We believe that the new Greggs unit will be welcomed by workers on the nearby Parsons Industrial estate, whilst the charging station will promote the use of sustainable car travel.”
The Jennings Kia dealership showroom has been closed for the past two years.
Bal Singh, co-founder and director commented: “This successful deal follows our blueprint for development. This involves locating a vacant visible roadside site, preferably in Yorkshire, the North East or Humberside, and obtaining planning permission to develop the site for retail and roadside uses, before selling it on to an investor."