LCP adds Leek estate to portfolio23/05/2017
Leading property investment and management company LCP has increased its portfolio after being appointed to manage Churnet Park in Leek, North Staffordshire.
LCP, which is based in Kingswinford, West Midlands, will now manage the park on behalf of Sheet Anchor Investments, which acquired the estate for an undisclosed sum.
Churnet Park comprises three blocks of commercial space, with a total of 11 units across 60,742 sq ft. Three are currently vacant, which range in size from 397 sq ft to 9,000 sq ft.
James Buchanan, LCP investment director, said the modern commercial development was built in 2012 and is ideally located for the north west and Stoke-on-Trent, being on the outskirts of Leek town centre and directly off the A523 Macclesfield Road.
The proximity of a large Sainsbury’s store means the park would suit a mix of retail, trade, leisure and general business use.
“We’re very pleased to add yet another development to our portfolio. LCP is well known for its pro-active, intensive asset management of all its properties, and we’re looking forward to working with existing and future tenants to ensure its future success.”
Churnet Park, which is located on the former Churnet Works, is just half a mile from Leek town centre. Tenants include Magic Textiles, John Hall Furniture and Elite Gaming.