Construction has started on a £5.5m trade counter and gym development in Rotherham that will create up to 50 jobs.
Planning permission was granted conditionally in 2014 for the Parkgate development where the plan was to create ten units totalling 45,000 sq ft. Since then three of the nine units have been pre-let to National Tyres & Autocare (NTS), Al Murad DIY Ltd and The Gym. One unit is also under offer to Halfords Autocentres.
Bakewell based Litton Property Group purchased the Ruscon engineering works on Rotherham Road 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.
Richard Squire, development director of Litton Property Group (pictured, second left), said: "We are delighted to be delivering what will be a signature trade counter and gymnasium development for Rotherham.
"Modern, efficient and highly prominent new property is extremely limited in the town and Trade World offers occupiers a unique space to base themselves in Rotherham with easy access to the local and regional road network."
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Handelsbanken has provided nearly £3.7m of funding and related facilities to deliver the scheme.
Kevin Fletcher, corporate manager at Handelsbanken Sheffield Tudor Square (pictured, right), said: "We are proud to provide funding support to an experienced local developer like Litton Property Group who will then invest in Rotherham and create much-needed employment. Strong customer relationships are at the centre of everything we do at Handelsbanken and Litton Property Group is no exception. This scheme will help to grow the South Yorkshire economy and we are delighted to be playing a part in that process".
Construction by Roe Developments (UK) is expected to complete in December with the units open for trading in early 2017.
Joint agents for the development are Fernie Greaves, CSP and Fairhurst Estates.
Five units are available, ranging in size from 1,500 sq ft to 5,177 sq ft, although units could be combined to form larger space. In total, there remains a further 22,208 sq ft.
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