Commercial property for sale in The Eden Complex, Canongate, Telford, Shropshire TF2

The property comprises a self-contained development site of approximately 0.85 acres (0.34 hectares), which enjoys a prominent roadside position. The site currently incorporates a detached two-storey commercial warehouse building and substantial car park to the front and side.
The existing building is a former nightclub and snooker hall arranged over two floors. The site is currently utilised as a car wash with car parking spaces for in excess of 100 cars on a short term flexible lease.
The property has planning permission for the demolition of the existing building and the construction of a five storey apartment block providing 53 one-bedroom apartments and 17 two-bed apartments. It is proposed that the building will incorporate 70 indoor car parking spaces at ground floor level with the living accommodation arranged over the upper floors. There will also be up to 91 external car parking spaces on site.

Location
The property is located on Canongate, on the edge of Oakengates town centre. Oakengates is a busy district centre and market town, which lies in a central position within Telford New Town.
Oakengates enjoys excellent road connections, being within 0.5 miles of the A442 Queensway dual carriageway, the main north/south distributor road through Telford, and the M54 motorway and Telford Town Centre are approximately 1 mile away.
The property is situated on a corner plot adjacent to the Royal Mail sorting office, a short distance from the Greyhound Roundabout on the A442. It is also a short walk away from both Oakengates train station and the district centre.

Planning
The property has planning permission twc/2019/0806 for the demolition of the existing building and the erection of a five-storey block of 70 residential flats with associated car parking. Interested parties are advised to make their own enquiries with the Local Planning Authority in this regard.

Tenure
The site is available to purchase freehold with vacant possession upon completion.

Local Authority
Telford & Wrekin Council, Darby House, Lawn Central, Telford, TF3 4JA - Tel:

Rateable value
The existing commercial building has a rateable value of £34,850 in the 2017 rating list, however business rates will not be applicable once the site has been redeveloped.

Energy Performance Certificate
The existing commercial building has an Energy Rating of C(56).