Tuesday, April 14, 2015

News: Pre let confirmed at Parkgate retail development

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Formula One Autocentres is set to open a new workshop and MOT centre at phase two of a new retail development at Parkgate in Rotherham after planning permission was secured and construction begins.

The land owner, Rotherham recycling experts, Ron Hull, teamed up with Leeds-based developers, Gregory Projects to bring forward a potential retail development on the site of a former car showroom at Great Eastern Way. With funding from Bramall Properties Ltd, construction of the fully let 40,000 sq ft phase one is well underway with completion expected by July 2015. Aldi, Iceland and Home Bargains are all committed.

The scheme is designed to complement existing occupiers in the established retail area, which include ASDA, Morrisons and The Foundry Retail Park, with a discount goods offering.

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Established in 1974, Formula One Autocentres has grown to become one of the UK's largest independent autocentre chains. It operates 70 state-of-the-art branches across England specialising in "fast-fit" products and services.

Richard Tovey, director at Gregory Projects (part of the Gregory Property Group), said: "We are pleased to secure planning approval for phase two of this development. The scheme is 90% let which is testament to the quality of the location and need for a range of shopping all to the benefit of the Parkgate community. We have just one 5,000 sq ft unit remaining."

Phase Two is for a 9,400 sq ft of space with 4,400 sq ft already pre let to Formula One Autocentres. One of the smaller, 1,250 sq ft units on Phase One is set to be taken by the children's charity, Barnardo's.

The Leeds office of GVA has advised Gregory on the pre-lettings and is marketing the remaining accommodation. Sheffield-based JF Finnegan is the main contractor.

At the established Parkgate Shopping retail park nearby, plans have been submitted that would enable the mezzanine floor at the unit currently occupied by BHS to be extended. Unit 14a has an existing mezzanine floor of 13,000 sq ft and, if approved, this could be extended to 20,000 sq ft. There is some uncertainty over the future of BHS stores since the department store chain was acquired earlier this year.

Gregory Projects website

Images: Gregory Projects / Harris Partnership

1 comments:

Anonymous,  April 29, 2016 at 1:42 PM  

true dat

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