Hospitality has been recognised as one of the top sectors for strong business activity in Chesterfield. And, with no signs of slowing down, the units at Elder Way are ideally located for businesses now looking for a prime town centre location in Chesterfield.
The eight street level units with glazed frontages, that have been created in the iconic building, are ideal for café, bar and restaurant operators looking to be part of Chesterfield’s hospitality success story.
Chesterfield Borough Council reports that in 2022 alone, 10% more new hospitality businesses were launched in Chesterfield compared to the previous year. The increase is attributed to Chesterfield’s growing visitor economy, which attracted 3.7 million people in 2022 (20% more than 2021).
The growth of the town’s visitor economy is expected to grow significantly. Earlier this year Chesterfield Borough Council announced its bold ambition to increase the value of its visitor economy by 20% by 2030.
The Premier Inn Town Centre hotel, which is located above the units at Elder Way, has been benefitting from Chesterfield’s growing visitor economy since 2019. Guests regularly rate it five stars on TripAdvisor, praising its central location, nearby secure parking facilities, and proximity to Chesterfield Train Station.
To enable more businesses to benefit from the opportunities on offer at Elder Way, there are now a number of units available at the 21,761 sq ft scheme, from smaller E Class and Sui Generis Bar units of 1,420 sq ft upwards to larger units of up to 4,704 sq ft.
And it’s not only hospitality that is performing well in Chesterfield, figures from the Office of National Statistics reveal that start-up businesses are going from strength-to-strength in the town.
The data shows that businesses based in Chesterfield consistently enjoy significantly higher survival rates than the national average with 62% of companies started in 2018 still trading after three years, compared to 54% for all of the UK. Similar figures were recorded for businesses founded in 2016 and 2017.
The figures were revealed at Chesterfield’s annual Investment Summit which was attended by domestic and commercial property investors and business leaders from
Dr Huw Bowen, Chief Executive of Chesterfield Borough Council, who spoke at the Summit said: “New business activity is booming in Chesterfield, which is seeing growth from homegrown start-ups and those relocating to the town from elsewhere. These outcomes are the fruits of a purposeful strategy to secure new business investment in Chesterfield and help our existing businesses to grow.”
Joint agents, WSB Property and FHP, who are acting for Elder Way, report interest in the units from not only hospitality operators, but also retail, health and beauty, and gym businesses.
If you’re a business looking to benefit from the opportunities on offer at Elder Way, contact Adam Mobley at WSB Property Consultant on 0113 234 1444 or Ellis Cullen at FHP on 07587 133540, or visit here