Wednesday, May 27, 2015

News: Five pre lets at Tradeworld development

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The first phase of the £5m Tradeworld retail development in Rotherham is fully let as plans go in to provide flexibility for future phases.

Planning permission was granted conditionally last year for the Parkgate development where the plan is to create ten units totalling 45,000 sq ft. The plans, drawn up by Sheffield architects, Bond Bryan, show the units, ranging in size from 2,200 sq ft to 5,200 sq ft, complete with 111 standard car parking spaces and access from a new entrance from Rotherham Road.

Litton Properties purchased the Ruscon engineering works in 2003 but plans for a DIY retail store and garden centre were refused in 2005. Outline planning permission was granted in 2006 for a warehouse development with 20% of the floorspace approved for retail use. Detailed plans for seven units were approved in 2008 but were not developed out.

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Plans have now been submitted by consultants, DPP Planning that would enable the developer to get on site and complete the first phase of five trade counter units and amend the approve plans to enable different options to come forward for the remainder of the site.

The plans state: "Occupiers have now been identified for units 1-5 and the developer is therefore keen to progress with the development for this part of the site. However, until occupiers are identified for the remaining units we request that this would form a later phase of development to provide some flexibility to the developer.

"The proposed changes to the approved scheme are considered to be minor and will assist the developer in the successful marketing of the remainder of the units as well as bringing forward the units that already have identified occupiers in a timely manner. The proposed changes to the scheme will not result in any adverse impacts."

Plans for the second phase include creating three units rather than four and merging two units to assist with marketing the site. Units would range from 3,000 to 9,000 sq ft.

Occupiers signing up already include a ceramic tile retailer and an tyre and MOT centre with three further units under offer. Agents Fernie Greaves believes that the completion for the first phase is due in the fourth quarter of 2015.

Litton Properties website

Images: Litton Properties

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