Press Release
28 May 2024
Elder Way signs second tenant
A 10-year lease has been agreed on a second street level unit at Elder Way, the landmark mixed-use scheme in Chesterfield town centre.
Chesterfield's award-winning town centrebar and restaurant, Bottle & Thyme,is expanding into the premises later this year. The family-owned and run business will relocate from its current premises on Knifesmithgate, where it has been based since 2017, to the flagship corner unit in the former Co-op department store onElder Way.
The lease signing on a3,153sq ft unit which also boasts an outdoor courtyard, follows hot on the heels of the opening of Hotpod Yoga in Unit 7 of the prominent Elder Way regeneration scheme last month (April).
The new Bottle & Thymeunit is one of seven street level units and large basement that have been created by regeneration specialist Jomast Developments. Additionally, there is a 92-bed Premier Inn hotel which has been successfully trading on the upper two floors of the building since 2019.
Adam Mobley, Partner at WSB Property Consultants, the Landlord's agents who negotiated the deal for the relocation of Bottle & Thyme to Elder Way, said: "Bottle & Thyme was quite clearly in need of additional space due to the popularity of the successful business they already. We hope that the new larger unit will take their fantastic concept to another level for the benefit of the Chesterfield and wider market."
In addition to the Elder Way unit, Bottle & Thyme's owners will also be retaining their other premises in the town centre and have plans to develop them later in the year.
Excited to make the move, Bottle & Thyme owners Hannah and Gavin Grainger said: "The new unit hugely increases the amount of space we currently have and gives us the opportunity to have separate areas for the bar, restaurant, and private functions, as well as outdoor space for dining and drinking.
"Chesterfield town centre does not have the type of venue that we will be creating at Elder Way. It's a very exciting time. Having been based opposite Elder Way for seven years, we already know the location works well so to be able to move across the road into larger premises is excellent for us. I see what we are creating at Elder Way as a first step in our vision of a new leisure quarter for the town."
Mark Hill, Jomast's Commercial Property Director said: "I am delighted that Bottle & Thyme will become part of Elder Way. Hannah and Gavin share our vision to create a premier leisure and hospitality quarter in the heart of Chesterfield. Alongside Hotpod Yoga and Premier Inn our vision is coming to life and we are talking to a number of future potential tenants for this prestigious site."
In addition to the transformation of the former Co-op department store into seven street-level units and a Premier Inn by Jomast, the area has been further boosted by Chesterfield Borough Council's £1 million public realm improvement scheme.
Five units now remain available at Elder Way, with joint agents WSB Property and FHP reporting strong interest from a number of operators.
For enquiries or further information about the units, visitwww.elderway.co.uk
Ends
Notes to Editors
About Jomast Developments
Jomast is one of the UK's leading property development, investment and regeneration specialists with commercial and residential real estate assets in excess of £250 million.
Founded in 1971, Jomast has established itself as a pre-eminent force in the UK property market and is now a leading and innovative developer, owner and manager of commercial and residential property.
For further information about Elder Way, please contact:
Anna Melton
In the Works PR
Tel: 01246 386480 / 07837 108559
Email:anna@intheworkspr.co.uk