No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Commercial Investment
Investment Property
Commercial Property
Offers in region of£650,000 | 21,780 sq ft
Added > 14 days

Commercial development for sale

The Tower Complex, 117 Cheshire Street, Market Drayton, TF9 1AE
Retirement
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Commercial development
0 bed
0 bath
0.50 acre(s)

Property description & features

  • Tenure: Freehold
  • A rare opportunity to acquire a substantial town centre development site in the town centre of Market Drayton
  • Total Site Area 0.5 acres (0.2 hectares)
  • Variety of existing property structures with a Total Gross Internal Floor Area of 11,424 ft sq (1,061.2 m sq) and a basement area including a landmark building known as The Tower
  • Located in close proximity to all local amenities and an ideal residential development site (subject to statutory consents)
  • Significant potential for development or owner occupation
Description
The property comprises of a site with a Total Site Area of 0.5 acres (0.2 hectares) with a site frontage of approximately 30.58 metres and a depth of approximately 62.78 metres.

The front of the site provides to part of the front a six storey building known as the Tower which makes the site a landmark building.

The property would lend itself ideally to a comprehensive scheme of development for residential or commercial purposes, subject to statutory consents. The property comprises of a variety of accommodation providing offices, workshop and former retail space. The buildings provide a Total Gross Internal Floor Area of 11,424 ft sq (1,061.2 m sq) arranged over all the floors.

The property is accessed directly off Cheshire Street and provides an external yard area providing a yard and car parking.

The tower was constructed in 1899 as a Purpose built premises for Wright's Crown Brewery Limited. The property is of brick construction and is arranged over a basement, ground and upper floors. It benefits from a number of period features that can only be appreciated upon inspection. The rest of the property provides a former gym and warehouse and a commercial premises currently occupied by a removal company. The structures are of a variety of constructional types.

Detailed plans of the property and the buildings including a site survey are available from the selling agents upon request.

Within the yard area there is a detached commercial unit that is of steel portal framework clad in block work and profile sheeting.

Location
The property is located in close proximity to a Morrisons supermarket, a Shell filling station and garage, Market Drayton Medical practice, and it is centrally positioned to many residential properties including two areas dedicated to retirement living.

Market Drayton is an established market town in North Shropshire with a population of about 10,000 people. The town is located approximately 20 miles from the County Town of Shrewsbury and approximately 22 miles from the town of Telford and approximately 17 miles from the city of Stoke. Market Drayton benefits from good connectivity to the national road network.

Planning
The property would lend itself to a comprehensive scheme of residential and commercial development, subject to statutory consents. Alternatively the property would lend itself to continued commercial use.

The Tower part of the site is Grade 2 listed and the rest of the property is listed by attachment.

Part of the property has most recently been used as a gym falling within Use Class D2 of The Town and Country Use Classes Order 1987 and part of the property is currently in commercial use as a removal company falling in Use Class B8 of The Town and Country Use Classes Order 1987.

Property information from this agent

Places of interest

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    Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.

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    Broadband availability and predicted speed: obtained from Ofcom on March 4, 2022

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    Ultra-fast: Over 300 Mbit/s

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    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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