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

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.