Road trip to pick up prime plots

A NEW company which was set up to buy and develop retail sites located next to busy roadsides has acquired a £2.5m building in Bradford.

Roadside Retail, which is based in Bradford, has acquired 230,000 sq ft at the old Tram Sheds on Leeds Road as one of a number of acquisitions across the UK.

The company, which is led by developer Aqeel Khan, also has a 6,000 sq ft site on Thornton Road in Bradford as well as an 8,000 sq ft roadside site in Aylesbury

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Other acquisitions include 6,500 sq ft of retail space in Thornton, Liverpool; 7,000 sq ft in Melton Mowbray and 1,750 sq ft in Worksop.

Mr Khan said: “The rental costs at Roadside Retail sites will be kept strategically low with long-term commitment being the driving force behind the new Roadside Retail enterprise.

“The return on investment concept for the business is that of longevity and I am looking at a return on investment over 10 to 15 years which gives me the advantage over developers who are looking for shorter gains.”

Roadside Retail aims to have more than 40 sites within its portfolio in the next six months, aimed at key retailers such as Tesco Express and Co-operative supermarkets.