Fernwood Business Park

Insights

• Type of Investment Sought: Occupier, Investor
• Site Size: 15ha
• Timescale: 2020-2025
• Delivery Timescale: Immediate
• Planning Status: Outline permission

The business park forms part of the Greater Fernwood development. This development is now allocated in the Newark and Sherwood District Council Local plan for 3,200 new homes, together with the business park allocation for 15ha (B1 use).

Working closely with a number of other land owners and Barratt/David Wilson Homes the allocation was secured together with an agreed scheme to improve access to and from the A1.

The business park currently includes a care home, the Tawny Owl public house and five detached office buildings. More recent developments include a new Free School, a gym/fitness centre and premises for a local physiotherapist.

Key facts

• Fernwood Business Park is strategically located adjacent to the A1 and its junction with the B6326. It also has close links to the A46 and A17
• The site has a main road frontage and is opposite a new housing development, making it suitable for a variety of potential complimentary uses, such as a hotel, retail and leisure
• The historic town of Newark is an important commercial centre in the East Midlands, some 130 miles north of London and within half an hour’s drive of both Lincoln and Nottingham
• Newark, with a population of 35,000, is also a lively market town and has a wide range of shopping and recreational facilities. Sherwood Forest and Centre Parcs are within easy reach
• Newark’s mainline station provides a fast and frequent service direct to London’s Kings Cross. East Midlands Airport is also within an hour and 20 minutes of the town