• Tesco Express

  • Background

    Markey Group has developed two mixed-use investment sites – both former petrol stations - for occupation by Tesco Express.

    The first site, at Painswick Road in Gloucester, was purchased by Markey Group and developed in a £1.6m project to create ten, two-bedroom apartments.

    On the second site, on Queen’s Road in Cheltenham, we worked with a client looking for an investment opportunity. The £2.3m scheme incorporated 12 apartments.

    The projects

    Both schemes were built by Markey Construction using a timber frame solution and meet the Code for Sustainable Homes Level 3. Situated on main roads, the developments include off-road car parking for tenants and store customers.

    Results

    The developments have generated a healthy yield of between six and six-and-a-half per cent during a period of very low interest rates and uncertainty in the stock markets.

    Tesco Express has signed a ten-year lease on the Gloucester site and a 20 year lease on the Cheltenham site.

    The apartments that form part of the Gloucester scheme were sold to a housing association whilst our client retains ownership of the Cheltenham site and benefits from on-going annual returns.

  • tesco express

    Tesco Express, Cheltenham

    tesco express

    Tesco Express, Gloucester

Quality assured

The Greener Choice

When it comes to considering the environment, Premiere leads the way. We have a host of eco-initatives in place and are proud to hold many coveted accreditations.

Fast turnaround times

Fast turnaround times

Premiere is known for its fast turnaround times to meet customer needs and delivery by our own fleet of lorries makes turnaround times even faster.

The Greener Choice

High quality, great value

Quality is assured as all products are manufactured at our state-of-the-art factory which also means we can cater for volume orders and keep costs down.

Accreditations >

Committed to quality

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