A substantial site for residential development in the centre of Market Drayton, Shropshire, UK has made it into our 'Property Highlight’ feature this week.
The land is situated in the town centre of Market Drayton, adjacent to the junction of High Street and Great Hales Street, comprising a former garage site which is largely undeveloped, with a former office building fronting Great Hales Street and a workshop at the rear. This is an area of mixed development, which is becoming primarily residential.
Planning consent was originally granted in 2007 and extended in 2010 for a residential development of 12 houses and 2 flats. The site area has been extended slightly to include more land, and the total site now is approximately 0.76 acres (0.3093 hectares). Although the obvious use for this site would be for residential development, there may be a possibility of some commercial activity as the site lies so close to the town centre - both scenarios would be subject to statutory consent. Ground investigation reports carried out in connection with the previous planning permission may be available to prospective purchasers.
In summary, this site is an ideal redevelopment project, being in the centre of a bustling town known for its thriving weekly market, local industry and history, as well as its situation on the Shropshire Union Canal and between the larger towns of Shrewsbury and Stoke on Trent.
The case details
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Financial details
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Agents figures
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Market data
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Investment details
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Development
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By the team at Navian, Published February 22, 2023
