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Village Co-op Sold To Private Investor

Sep 23rd, 2015

The developer of a new Co-operative store in the North Lincolnshire village of Hibaldstow has sold the site to a private investor.

Saxondale Properties is about to start work on the 3,000 sq ft store with 22 parking spaces, situated on land at the junction of main thoroughfare Redbourne Road and West Street.

The store, set to open for business next Spring, has been sold to a private property investor. The Co-operative has a 20-year lease on the site.

Sarah Miles of Langleys Solicitors in Lincoln advised Nottingham-based Saxondale on the sale.

She also advised Saxondale on the sale of an adjacent plot to a private buyer for the construction of a four-bedroom detached house, which already has planning permission.

Andrew Butcher, director at Saxondale Properties, said: “We are looking forward to commencing building work on the new store, which will be the first national convenience retailer in Hibaldstow and will hopefully be a valuable community asset.

 “Langleys gave us expert advice throughout the process on the acquisition of the land, the lease agreement with The Co-operative and the sale to private investors, in addition to the construction detail and also the sale of the residential element.”

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