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3 bedroom residential development for sale

Listley Place, Listley Street, High Town, Bridgnorth, Shropshire, WV16

Sold STC £550,000

Property Description

Full description

Prime residential opportunity with planning in High Town for 6 high end luxury 2 and 3 bedroom apartments with garden terraces and penthouse roof garden.
Telford - 12.9 miles, Shrewsbury - 22.3 miles, Kidderminster - 14.4 miles, Wolverhampton - 14.6 miles, Stourbridge - 15.6 miles, Birmingham - 27.7 miles.
(All distances are approximate).

Introduction - An outstanding opportunity for a prime residential development in Bridgnorth High Town for six luxury
two and three bedroom apartments with garden terraces. Having identified a gap in the local market for
spacious and high end apartment living, our client embarked on recruiting a high calibre professional
team of experts and designers to advise on the ideal scheme. The six large apartments range from
around 900sq.ft to 1500sq.ft for the penthouse with a large roof garden. Each apartment has a useful
basement storage area and an additional external bin store.

Planning - The present building was designed by the renowned West Midland contemporary architectural firm of
Jennings, Homer & Lynch. Providing around 7000 square feet of prime residential lateral development
space, the latest planning permission has carefully considered the structure to minimise the conversion
costs and maximise the internal layout space with fashionable open plan areas with spacious garden
patio terraces on the ground floor. The scheme (including a small lobby, wood external cladding and a
highly desirable penthouse with views across Bridgnorth) encompasses lateral apartment designs that
have proved popular and successful with developers in other desirable market towns and metropolitan
areas.

Location - The contemporary scheme could not be better positioned for the thriving market town 'lifestyle' that
Bridgnorth offers. Just off the main historic High Street, there is level walking to the shops and facilities,
weekly markets and numerous eateries, pubs and cafes. Near-by are tourist attractions such as the
Severn Valley Railway, Cliff Railway and Castle Gardens. For the more sporty, Bridgnorth has a leisure
centre with pool and a full range of clubs.

Further Information - Planning application 14/05662/FUL Full planning permission has been granted. A full structural report is
available upon request. In December 2016 Savills produced a Redbook valuation £575,000. The
telephone masts on the building are shortly to be removed following the granting of planning consent in
March 2016 to move them onto another local site.

PLEASE NOTE THAT THE AFFORDABLE HOUSING CONTRIBUTIONS CAN BE REMOVED since Shropshire
Council have recently issued new guidelines stating that developments of six units or less are not liable
for the Community Infrastructure Levy (CIL). We are advised that all main services are in place for the
property. Listley Street is one of Bridgnorth's most historic streets with the large eye-catching building
being opposite the flourishing Bridgnorth library. Annual car parking permits are available at several car
parks within a few minutes walk away.

Services: - We are advised all main service are to the property but not tested for connection.

Tenure: - The title is FREEHOLD with vacant possession. Local Authority Shropshire CC.
Alternatively the property could be purchased for £325k if bought as a limited company (SPB Properties UK) with extant mortgage.

Viewing - Please contact the Bridgnorth Office.

Directions: - Viewing strictly by appointment only. Listley Street is at the bottom of Bridgnorth High Street, bearing
right and following the one way system. Listley Place is located opposite the Library near to two Council
car parks.

BP

IMPORTANT NOTICE: Every care has been taken with the preparation of these Particulars but they are for general guidance only and complete accuracy cannot be guaranteed. Areas, measurements and distances are approximate and the text, photographs and plans are for guidance only. If there is any point which is of particular importance please contact us to discuss the matter and seek professional verification prior to exchange of contracts.

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