Hurstwood strikes 20,000 sq ft gym deal

28 January 2021 10:49 Dan Whelan Comments (0)

The Manchester-based investor has let Orient One, a former supermarket in Rawtenstall, to DSC Building and Maintenance, which plans to convert the space into a gym under its Thrive brand.

DSC has signed a 10-year lease on the 20,000 sq ft unit, located on New Hall Hey Road, and will pay around £120,000 in rent annually.

The firm plans to convert the former Kwik Save into its second Thrive gym, featuring a spinning studio and a café, adding to its debut site at Meadow Business Park in Bolton.

Hurstwood Holdings acquired Orient One, which has a 150-space car park attached, in 2006.

Stephen Ashworth, chairman and chief executive of Hurstwood Holdings, said: “We have 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 we agreed that Thrive presented the best long-term use for the building that would add to the local amenity offering.”

Taylor Weaver provided legal advice to Hurstwood Holdings on the deal.

During the first national lockdown, Orient One was one of three vacant buildings Hurstwood offered to the NHS to provide extra capacity in the battle against Covid-19.