We are delighted to report that Day and Bell have negotiated the purchase of the development site of a retail centre in Priors Green, Takeley, Essex for their client Takeley LLP. The investment value of the centre is £1,725,000.

Priors Green is a new development of high quality family housing, consisting of over 800 new homes, with community centre, new school, children’s day nursery, public open space, play and recreation areas.
The retail parade is at the centre of the Priors Green development immediately adjacent to the new community centre and school. It has the benefit of detailed planning permission for a ground floor retail scheme of 7,953 sq ft, comprising a convenience store (2,502 sq ft) to be occupied by One Stop Stores Ltd (Tesco plc) and 6 shops, one of which will be occupied by Barnardos. There are a further 5 retail units remaining. Day and Bell will be pre-letting these units prior to completion of the development. Takeley LLP hopes to complete the construction by the end of December 2012.