Craven Arms town centre flats land up for auction
A plot of land earmarked for new homes in the heart of Craven Arms will be auctioned off to the highest bidder in the coming weeks.
It is a year since the Temperance Hall, a former hotel that had become an eyesore standing derelict for decades, was knocked down in Craven Arms.
Now the land it once stood on, next to the A49 Shrewsbury Road that runs through the centre of the town, is to go up for auction in Birmingham on September 6, with a guide price of more than £550,000.
The land already has planning permission for 27 homes, 22 of which are proposed to be in the form of flats, at the site next to Craven Arms railway station.
The development has permission for five three-bedroomed terraced houses, 12 one-bedroomed apartments and 10 two-bedroomed apartments.
Gurpreet Bassi, head of residential auctions at SDL Auctions, managing the sale, said: “This is an exciting opportunity to buy and develop homes with outline planning permission already granted."
The Craven Arms land was formerly home to the Temperance Hall Hotel at the junction of Station Drive and the A49, close to the town centre.
The majority of the buildings on the roughly triangular-shaped site of around 0.65 acres have been cleared, but certain demolition and site clearance works need to be completed, Mr Bassi said.
The auction will take place in the Holte Suite at Aston Villa FC from 10.30am on September 6.
Lot details can be viewed at sdlauctions.co.uk
