Newtown’s iconic Royal Welsh Warehouse is sold at auction
Newtown’s iconic Royal Welsh Warehouse has a new owner after being sold at auction.
The historic building, formerly headquarters to the world’s first mail order company, established by Sir Pryce Jones, was built in 1879.
Now a substantial multi-let commercial building, the property, which extends in total to 66,654 sq ft, is prominently located in Old Kerry Road, next to the town’s railway station.
Marketed by the Shrewsbury office of Towler Shaw Roberts, the firm acted in conjunction with Allsop Auctions ahead of a sale being completed to an undisclosed Lincolnshire-based investor.
The property had a guide price of £500,000.
Toby Shaw, a partner at Towler Shaw Roberts, said: “The Royal Welsh Warehouse is an iconic building with an immense history and it stimulated a high level of interest.
Dominates the Newtown skyline
“It’s a building which dominates the Newtown skyline and benefits from an excellent location in the town.
“It also has large car park with space for nearly 150 vehicles, with the total site area extending to 0.57 hectares (1.41 acres).
“We acted in conjunction with Allsop Auctions, with the property sold at auction to a Lincolnshire-based investor who has connections in Powys.
“The new owner will be announcing some exciting plans for the property in due course.”
The sale also included an adjacent lodge with planning permission granted for two dwellings, with further scope for alternative use or redevelopment, subject to all consents.
Pictured: The Royal Welsh Warehouse in Newtown is an iconic building in the town.
