Property developer Limes Developments has secured 20-year lettings from both Starbucks and Burger King on a two-acre site it owns in Bolsover, Derbyshire, following advice from law firm Gordons.
Strategically located half a mile from junction 28 of the M1 and just off the A38, the businesses have both opened seated and drive-through operations to serve motorists and the wider local community.
A team from Gordons led by commercial property partner, Sarah Ratcliffe, advised Lincoln-headquartered Limes Developments on the lettings. Prior to that, the firm worked with its longstanding client on the acquisition of the site and provided advice on its subsequent development.
The Bolsover site is adjacent to Panattoni Park J28 Central M1, a 350,000 sq. ft Grade A warehouse which is occupied by ecommerce fulfilment solutions company Super Smart Service.
The warehouse was built on a site acquired by logistics real estate developer Panattoni from Limes Developments in December 2021 and Gordons also acted on that deal.
Limes Developments managing director, Marcus Jolly, said: “We are very pleased to have secured these two long-term lettings with Starbucks and Burger King.
“We have benefitted from Gordons’ practical commercial advice for many years, and Sarah and her team demonstrated that again with these deals.”
Headquartered in Leeds, Gordons employs 180 people. The law firm’s other commercial property clients include retailers AO, Iceland and Wren Kitchens along with utility provider Northern Gas Networks and Yorkshire Building Society.
Gordons commercial property partner, Sarah Ratcliffe, added: “We are proud to be long term trusted advisers to Limes Developments and to play our part in the business’s continued success.
“With these lettings secured, we now look forward to advising our client on their plans for phase two of the development which, subject to planning, would provide a further 430,000 sq. ft of warehouse space.”
Image provided by Gordons
