Former Victorian wool warehouse in Newark to be transformed into apartments for modern living
A former Victorian wool warehouse is set to become new apartments following a multi-million-pound property deal.
The building on Victoria Street, Newark, started life as a wool warehouse and has been used as a pine manufacturer, bricklaying workshop and training school, before falling vacant.
Now, it has received planning permission to be converted into 39 residential units, featuring co-working spaces, a yoga studio, electrical charging points and other amenities — including a courtyard.
Set to transform the characterful building is JYD Holdings.
Founder and managing director Jinny Yang said: “We are incredibly excited to have the opportunity to renovate this former unused warehouse into stylish, one-of-a-kind apartments, bringing this beautiful building back to life and rejuvenating its unique character.
“Aimed primarily at young professionals, this is our first project in Newark-on-Trent and we are thrilled with the designs that have been approved. A unique selling point is that the building will feature a communal co-working space and a yoga studio for the residents, giving them an area perfectly designed to suit the remote ways of working that many of us have adopted.”
Paul Hinchliffe, commercial property partner and solicitor at Nelsons, who worked on the deal to finalise the acquisition, said: “After sitting vacant for several years, it will be great to see this unused warehouse receive a much-needed new lease of life.
"Jinny’s plans for the building will provide a truly unique offering for the area and it has been a pleasure working with her and JYD Holdings to bring this deal to fruition.”
Work is to start in August with completion expected in December 2023.
