The transformation of a derelict colliery site into a new retail park has been so successful that its owners are planning to accelerate development.
ONYX Retail Park at Wath-Upon-Dearne has attracted a cross-section of blue chip high street names. Now, developer Onward Holdings is speeding up the construction of phase 2, adding 10,000 sq ft of additional space to the 17,500 sq ft that is already there.
Onward is building two new units, but is seeking permission to divide them up to accommodate a small bank, bookies, insurance business, quick service food store, nursery, veterinary practice, outdoor leisure centre or further restaurants.
Depending on the type of business new tenants could be on-site by August 2012, unless specific additional planning permission is needed.
Onward Holdings believes that the success of the site is down to its location and its proximity to leisure facilities including the Manvers Lake and parkland, waterfront golf course and the popular Trans Pennine trail.
Onward Holdings director Neil Storey said: “The interest and take up of units has been far higher than expected and those tenants that have moved have reported excellent trading, with one of the units reporting that their turnover has been more than triple what was expected.
“Part of the success seems to be down to the high level of passing vehicle movements and on-going housing developments which has created a ready market that is crying out to be serviced.”