The Royal Welsh Warehouse in Newtown, Powys, was built by entrepreneur Sir Pryce Pryce-Jones and served royalty, Florence Nightingale and diplomats throughout the world.
A significant retail building in Mid Wales with historic links to the world’s first mail order company, Queen Victoria and even Florence Nightingale has been put up for sale as an investment opportunity.
The imposing Royal Welsh Warehouse in Newtown, Powys, has undergone a £1million refurbishment in recent years, providing a total of 80,500sq ft of retail space and 60 car spaces in the heart of the Mid Wales town which is the largest in Powys.
The property has been put on the market through Mid Wales and Shropshire-based estate agent and property surveyors, Morris, Marshall and Poole.
Stood opposite the town’s railway station and known locally as the Pryce Jones Building because of its imposing rooftop sign, it was built by Sir Pryce Pryce-Jones who established the world’s very first mail order company there, selling a range of flannel-based products to customers all over the world, including royalty and diplomats.
Built in 1879, his business grew on the back of the growing railway network which allowed him to provide same day deliveries to London even then. The building was joined to the adjacent Agriculture House building by a walkway leading to a manufacturing arm of the business which grew rapidly with royal patronages. The buildings are now separately owned and not connected.
“The Royal Welsh Warehouse is a very well-known building in the area that can be seen for miles around with its signature ‘Pryce-Jones’ ironwork sign on the roof,” said Kathryn Davies, Chartered Surveyor at estate agents Morris, Marshall and Poole who is acting on the sale.
“It’s opposite the town’s railway station, has a large car park and is easily accessible from the town centre and main roads. The significant internal and external refurbishment of the structure with its existing tenants and available retail space make it an ideal investment opportunity.”
Sir Pryce-Jones, who was knighted by Queen Victoria and became an MP, grew the Pryce-Jones business internationally before it was sold in the 1930s to a Liverpool company. The building itself is known locally as Pryce-Jones.
It has been extensively renovated providing modern retail space and is currently home to several retail tenants, including a national mail order company outlet, a carpet retailer, a furniture business and a café.
Newtown is Powys’ largest town, sat in the Severn Valley, connected with hourly train services (from May 2015) to Shrewsbury, Aberystwyth, Birmingham and London.
It sits on one of the principal trunk roads between the north west of England, the Midlands and South and North Wales, with a significant residential market, manufacturing and commercial businesses.
More details about building and sale can be found at www.morrismarshall.co.uk or by telephoning 01686 626160.
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