Hurstwood Thrives With New Letting

Hurstwood Holdings has let Orient One – a 19,668 sq ft building in the heart of Rawtenstall town centre – to gym fit out specialists, D.S.C. Building and Maintenance Limited on a 10 year lease.  Quoting rental level for the building was at £120,000 per annum.

The Bolton based company, which counts JD Sports amongst its clients, plans to convert the former supermarket building to create its second ‘Thrive’ gym; a state of the art facility providing the latest work out equipment, a Pilates and a spinning studio as well as a healthy café.

Hurstwood Holdings acquired the building, complete with 150 car parking spaces, in 2006 when it was operating as a Kwik Save supermarket before becoming retail discount store.  Situated on New Hall Hey Road in Rawtenstall, the building is also conveniently located straight off the M66.

Last year, the Manchester based property company won an appeal against Rossendale Borough Council securing planning permission to enable a change of use allowing it to also be used as a wedding venue.

Stephen Ashworth, Chairman and CEO of Hurstwood Holdings, comments: “We have always taken a proactive approach when considering our options for Orient One and had a number of diverse enquiries for this property for a variety of different uses.  We wanted something that would ultimately benefit the local community and after careful consideration, we agreed that Thrive presented the best long term use for the building that would add to the local amenity offering.”

Chloe Ellerby, Associate Director at Hurstwood Holdings, adds: “Having been approached by Thrive directly, we worked with them to determine what would suit their specific requirements.  Thrive had been keen to roll out its own brand of gyms and we were able to agree a deal that met with their planned timescales.  Orient One is such a prominent building, close to the town centre and with so much dedicated car parking, we knew that they were the right tenant for the building.”

James Taylor of Taylor Weaver worked alongside Hurstwood Holdings to provide strategic advice.