Commercial development land
The Opportunity
Commercial development land with recently lapsed planning consent for up to 57,388 sq.ft. of B2/B8
Location
Fernwood Business Park is strategically located adjacent to the A1 as its junction with the B6326 approximately 2 miles south of Newark Town Centre.
The land offers both north and southbound A1 access within minutes drive time as well as quick and easy access to the A46 and A17.
Surrounding occupiers include Gladman office park, Code Fitness, Tawny Owl pub with planning submitted for a Tesco foodstore and Costa drive-thru. Newark services within both walking distance and a few minutes drive from the site.
Newark is a popular town with a mixture of local, regional and national occupiers. The town has established employment and currently in the midst of large scale residential expansion. Fernwood will ultimately deliver c.3,200 houses with the nearby Middlebeck urban extension adding a further c.3,150 houses along with a newly opened link road between the A1 and A46.
Description
Commercial development land with full planning consent for up to 57,388 sq.ft of B2/B8
Specification
Commercial development land
Workforce & Demographics
The location offers excellent drive time demographics expanding well beyond Newark in under 1 hour.
Newark itself has a population of c.123,000 people
Planning
Recently lapsed planning consent for B2/B8 scheme of 57,388 sq.ft. over four units - Application number 22/00862/FULM
Tenure Comments
Long Leasehold - 999 year lease from 28th September 2007
VAT
Applicable
Legal
Each party to bear their own costs