Commercial property for sale in Royal Victoria Mansions, St Mary's Street, Newport, Shropshire TF10, £900,000

900,000.00

Offer Nr.:
60599179
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Andrew Dixon and Co
Phone(s):
01952 476852

* Full planning consent for up to 17 apartments
* Town centre location
* Ready for immediate development
The property comprises a Grade II Listed Landmark Building, which offers the
opportunity to provide an exclusive development of up to 17 luxury 2, 3 and 4
bedroom apartments with associated car parking.
The imposing three - storey building is a former hotel, which ceased trading in
2015. The existing structure will be partially demolished to accommodate the
new development, whilst retaining the original facade. The demolition works
have commenced and the party wall agreements are in place.
The development includes a private car park and bin store to the rear for the
residents of the building.
**Location**
The property is located in the historic market town of Newport in Shropshire.
Newport sits on the Shropshire and Staffordshire border some 8 miles north of
Telford Town Centre, 12 miles west of Stafford and 15 miles west of
Wolverhampton.
Junction 3 of the M54 motorway is approximately 9 miles away via the A41 and
Junction 10a of the M6 is 20 miles distant via the M54.
The property itself is situated just of the High Street in the centre of the
town, at the lower end of St Mary's Street and overlooking the historic St
Nicholas' Church and Adams Grammar School. The building enjoys a prominent
roadside position fronting onto the High Street, with a newly developed
residential estate to the rear. Just beyond is Water Lane and green space at
Victoria Park.
**Planning**
The property has effectively been granted planning permission for three
separate schemes for 12, 15 and 17 apartments respectively. Full details
available from the agent upon request.
**Tenure**
Freehold: The property is available to purchase freehold by private treaty.
**Local Authority**
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:
**Rateable value**
Not applicable
**Energy Performance Certificate**
Not applicable.

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