Litton Properties and McDonald’s Restaurants have completed an Agreement to ‘re-gear’ the lease for McDonald’s drive-through unit at Archer Road Retail Park, Sheffield.
A new 15 year term and rent review have been agreed. This has triggered a major refurbishment by the international restaurant chain. Works include a building extension, complete upgrade and a new dual drive-through lane.
Works are also continuing as planned at the adjoining Phase III extension to the Park. A further two units have been put under offer this month. Sophie Waite, Asset Management Surveyor at Litton Properties says “We are delighted with the new lettings and we have received an encouraging level of tenant enquiries”. Practical Completion is due at the end of July. Our letting brochure with agents details can be found at the bottom of this page.