Smithfield Park, Oswestry, SY11 4QA

Description
DEVELOPMENT SUMMARY Wm. Morrison Supermarkets are building a new 47,000 sq ft store with petrol filling station to open in Autumn 2019.

Alongside is a 7 acre development site suitable for retail, roadside, leisure, trade counter, and business/ commercial use (subject to planning).

Significant residential and business developments are being promoted at the Eastern Gateway, further strengthening this strategic location.

Expressions of interest are sought from both occupiers and developers.

Oswestry is the largest market town in Shropshire, situated 15 miles south of Wrexham and 20 miles north west of the county town of Shrewsbury. The town is situated at the junction of the A5, A483 and A495 with the A5 providing direct access to the M54 and national motorway network. The site is approximately 1 mile to the south east of the town centre on Shrewsbury Road and 0.5 miles to the west of the major junction of the A5 and A483.

The site occupies a very prominent location opposite Walford and North Shropshire College, and Oswestry Leisure Centre. Other nearby retailers include Premier Inn with Table Table pub restaurant, KFC and Starbucks.

The 2011 Census recorded the population as 17,105 with a forecasted population of 23,200 by 2026. The 15 minute drive time catchment for the site is 44,000. The district population is approximately 37,000 rising to over 130,000 within 12.5 miles of the town centre. The Shropshire Local Plan Review Consultation November 2018 identified a major mixed use urban extension to south-east Oswestry.

TENURE The property is held by Morrisons under a 125 year long leasehold interest from Oswestry Town Council, expiring 2139.

PLANNING The site has potential for a mixed use commercial development comprising retail, roadside, leisure, commercial, trade counter, office uses. However, interested parties should satisfy themselves over the prospects for their proposed schemes.

A new roundabout access point is being developed as part of the Morrisons scheme. Additional access points into the site from Shrewsbury Road are potentially available, subject to statutory approvals.