Historic Renovation of Newark’s ButtermarketExtensive Refurbishment Offers Prime Space To Let
The Victorian Buttermarket Shopping Centre in the heart of Newark has been extensively refurbished to offer first-floor accommodation.
Recently purchased by Newark and Sherwood District Council, the iconic building is the gateway to the busy market place of the town. After continued major investment by the council, its Atrium (3,671 sq ft) and former Public House (2,562 sq ft) areas are now available to let, offering ideal retail, office, restaurant, or education venues.
Access to the Buttermarket Centre is from Middlegate, and its prominent entrance is the focal point of Newark, a town well served by a large number of national retailers, including Boots, Holland & Barrett, Costa, Greggs and Starbucks. Several units in the Centre are already occupied by the likes of Specsavers, Iguazu and Tambo Lounge.
The refurbishment arrives after Newark was recently chosen to receive up to £25 million from the government-awarded Towns Fund. This money will continue to be used for transformative regeneration projects.
Councillor David Lloyd, Leader of Newark and Sherwood District Council, said: “The Buttermarket is a hugely significant building and I’m excited for new tenants to join us. The space is available for a flexible range of uses and new tenants will have a blank canvas that they will have direct input in shaping and refurbishing. We have tremendously ambitious plans for Newark and in the last few weeks, have seen a number of hugely positive steps making Newark the place to live, work and do business. I’m delighted that Newark’s Towns Fund Board has just received the go-ahead from Government for £25 million worth of investment and Newark’s brand new Travelodge will be opening its doors in a matter of weeks – both of which will be key to driving town centre footfall, aiding our post-Covid economic recovery and encouraging further use of our amenities. I’m excited about Newark’s future and I’m looking forward to seeing The Buttermarket, which has already been a great success, expand to those upper floors.”
The Buttermarket Shopping Centre’s new flexible accommodation includes connection to all mains services and a lift to the first floor, as well as a new principal staircase. Flexible lease terms will be available and proposals are invited for consideration.
Lewis Cove, Associate Director at property consultants Banks Long & Co, said, “We are delighted to be working with Newark and Sherwood District Council to market this unique property in such a fantastic location. Interest has been high so far, so I advise anyone interested in viewing the space to make contact.”
Newark (population 35,000, with a catchment of 160,000), has excellent transport links due to its proximity to the A1 and direct trains to London from the town’s railway station. The town centre also offers hotel accommodation, an NCP car park, and a large supermarket.