Developers are being urged not to miss the bus on a major commercial opportunity in Oswestry as interest in the sale of the town’s coach depot gathers momentum.
The site is being leased until September next year but moves are already underway to find a buyer for the £600,000 plot in Salop Road.
James Evans, of Halls Commercial, who are handling the sale, said the site would lend itself to redevelopment and had already generated interest.
“The bus depot has been a feature in Oswestry for many years, but it’s 0.66 acres throws up some intriguing possibilities,” he said.
“It has significant future development potential, subject to the necessary consents, and redevelopment is probably the way to go. It is classed as an ‘out-of-town development’ and we have seen a number of these spring up in the area recently as more businesses are drawn to the town.
“Oswestry is a growing and thriving community and there are house building programmes going on which will significantly increase the population. The town has also seen a rise in retail and commercial premises.”
The bus depot is currently leased by Arriva with a rent of £26,000 per year but that lease is up in September 2018.
This site is next to the Penda Retail Park on the main road into Oswestry and has a workshop and offices.
Mr Evans added: “It is in an ideal spot to set up or relocate a business.
“We have already fielded a number of enquiries relating to the sale and the depot’s location and size is proving an attractive proposition for potential buyers.”
For more information about available commercial property contact James Evans at Halls Commercial Property on 01743 450700 or email firstname.lastname@example.org.