Two of Elder Way’s modern street level units have been plastered out and painted and are ready for tenants.
Jomast Developments, the company behind the reinvention of the former Co-op department store into a new food and drink quarter for Chesterfield town centre, is currently in talks with a number of potential occupiers.
Mark Hill, Commercial Property Director at Jomast Developments commented: “Given the prominence of the building, its location and the recent public realm improvements, Elder Way is an attractive proposition for investors in the hospitality and leisure sector as, indeed, Premier Inn recognised in 2019.”
Facing onto the new tree-lined boulevard, created as part of the £1.2 million Elder Way public realm improvement scheme last year, the units offer an exciting opportunity for tenants to take advantage of the outdoor eating and drinking trend.
As part of the £1.2million public realm improvement scheme, pavements on Elder Way outside the redeveloped former iconic Co-op department store were widened last year and trees planted to create a pedestrian-friendly attractive outdoor dining space.
Alfresco dining and drinking all year round is a trend which is expected to continue beyond the pandemic. A YouGov poll in May last year found that 41 percent of respondents would prefer to sit outside a restaurant at that time, even if the weather was “okay (but not great)”.
The spacious units also offer flexible space – a pandemic design staple. Offering tenants a blank canvas, they can be configured to meet the needs of businesses.
The pandemic has raised the bar on restaurant design. The industry is seeing a transition to closed kitchens in both a response to COVID health regulations but also a move restaurateurs to help people feel safer.
Flexible interior layouts have also become essential in restaurants with different seating arrangements used to control traffic flow as well as create private designated sections for exclusive dining.
Mark added: “Our vison for Elder Way to become a thriving leisure quarter for Chesterfield is not undimmed despite the setbacks Covid-19 have thrown at us and the entire hospitality industry. Now that some stability seems to be returning to the sector we are in talks with a number of potential occupiers for the units in this fantastic building. They offer both interior and outdoor flexible space – key requirements for today’s investors in the hospitality and leisure sector.”
For hospitality businesses that wish to benefit from the opportunities presented by Elder Way’s proximity to the new Enterprise Centre, One Waterside Place and Chesterfield’s mainline train station, get in touch with us today.
Contact our local agent Wilkins Hammond on 01246 232853 to discover what Elder Way can offer you.