Preferred developer chosen to convert Ollerton Hall into apartments
The future of Ollerton Hall seems to have finally been secured after a long history of problems.
A preferred developer has been chosen to convert the 300-year-old building into apartments under a lease agreement with Newark and Sherwood District Council.
The developer will have to get planning permission and complete the conversion before being able to buy the historic Grade II listed hall from the council.
This is because others developers who owned the building in the past have not fulfilled their obligations.
Ollerton Hall was bought back by the council in 2016 after the latest failure.
Legal contracts could be signed in the coming weeks, with a planning application and consultation expected early next year.
Responding to the future of the hall on Facebook, one person wrote: “There have been many projects over 50 years and presently it still stands where other projects have failed.”
Another wrote: “It would be amazing if someone put money into restoring it and maybe turn it into a wedding venue.
“Brings more jobs to Ollerton and it would be stunning with all the big original fireplaces and features.”
One resident added: “It could be a real asset to our community. Probably the best building we have.”
David Lloyd, leader of Newark and Sherwood District Council and chairman of the policy and finance committee, said: “As was reported to the council’s policy and finance committee in November 2019, a preferred developer has been selected following an open market process to purchase Ollerton Hall.
“The structure of the proposed purchase is such that the preferred developer will be required to obtain permission and build the residential conversion of the hall for apartments under a lease agreement with the council.
“It is only after completion of the works that the developer can purchase the building for the agreed price. It is hoped that legal contracts can be exchanged in the coming weeks, with a planning application and public consultation expected in early 2021.”