Next phase of 'landmark' multi-million redevelopment in Worksop now underway
The next phase of the multi-million pound Vesuvius site redevelopment in Worksop is now going ahead.
A construction company has now moved onto the site, known as Vesuvius, to deliver the first phase of 46,000 square feet of industrial and retail space adjacent to the recently-opened Asda superstore.
Providing three flexible food and beverage units and 16 light industrial units, subsequent phases will offer larger employment units including speculative as well as pre-let, design and build development.
The first pre-let has already been secured to Burger King with a number of other deals well progressed with a variety of occupiers.
This first phase will be ready for occupation in summer 2021.
Antonia Martin Wright, head of investment at property development and investment company CEG, said: “This first phase of employment units will establish Vesuvius as the prime industrial and business location in Worksop.
"It will be the largest speculative scheme of this scale and quality in Worksop for many years and demonstrates CEG’s commitment to the town.
“We are encouraged by the interest in the site and with such a shortage of supply of well located, flexible accommodation we expect it to swiftly let, particularly as improved road networks and new homes are bringing more inward investing businesses into the area.”
In 2018, supported by D2N2, CEG delivered a £5.5million package of works to create a new roundabout and access road opening up the site and remediating it for redevelopment.
Asda completed its foodstore and petrol filling station last year, creating 200 new retail jobs.
Councillor Jo White, cabinet member for regeneration at Bassetlaw District Council, said: “We very much welcome this next stage of development which achieves the council’s long-term ambitions and vision for the former Vesuvius site, Worksop and Bassetlaw as a whole.
"The site represents a landmark development for the area. By working with developers like CEG, together we are able to create additional jobs and opportunities for local people, as well as provide extra services."