A Stoke-on-Trent drive-thru scheme which is home to Costa and Greggs has been sold off in a multi-million pound deal.
Property developer Godwin Developments has sold the former Pizza Hut site, in Baths Road, Longton, to a private investor just 18 months after acquiring it in September 2020.
The scheme, next to Phoenix Retail Park, boasts a 1,800 sq ft unit which houses Costa Coffee and a second, 1,162 sq ft unit which is let to Greggs. It was fully complete in December 2021.
Godwin says more than 70 jobs were created during the construction stage and through the operation of the completed scheme.
Robert Birch, development director at Godwin Developments, said: "We are pleased to have executed the sale of this asset which illustrates the value created through our land acquisition and development programme, which on this site took just over a year to complete.
"The sale of the asset supports our strategy of buying very well-located sites across the country and close to key infrastructure and consumer retail demand - a strategy which has delivered value growth and resilience through the cycle. We continue to look for similar opportunities to deploy our capital."
Godwin Developments has commercial and industrial divisions with recent developments in Birmingham, Northamptonshire, Staffordshire, Dorset and Cambridgeshire.
Its commercial division develops and delivers projects for leading brands such as Lidl, McDonald's, Burger King, Euro Garages, Greggs, Starbucks and Costa Coffee, with 16 units delivered to date, and a further pipeline of 31 units.
