A former shipyard in Chepstow with planning permission for 450 homes has been brought to market by its owners, Mabey Bridge.

The 41-acre site, close to Chepstow Station and on the banks of the River Wye, is being sold by Savills, Cardiff, for Mabey Bridge. The price is available on application.

The site could be sold as a whole, or in smaller parcels, and as such, the agents will not reveal a guide price. The closing date for offers is noon on September 14, 2017.

Gareth Carter, director at Savills Cardiff office, said that expressions of interest had already been received both for the whole and for parts of the site.

He said that the decision to bring the site to market coincided with a period of increasing demand for new homes.

Outline planning permission for 450 homes on the site was approved by the planning committee at Monmouthshire County Council in April.

Councillors voted 11 in favour and one against for the plans which will create a new neighbourhood of apartments, houses and sheltered accommodation.

The meeting heard that 'abnormal' construction costs of £13m will be needed for the scheme, which will help meet the housing need in the area. Disappointment was expressed that the plans only include around five per cent of affordable housing, equating to around 22 homes.

But supporters said the development would bring an economic boost to Chepstow, creating hundreds of jobs. The proposed development would be accessed from the Station Road junction along the A48 and create public parks and walkways.

The main site extends to a gross area of 41.01 acres situated between the main railway line to the west and the River Wye to the east.

Brunel House, a substantial five-storey, three-level Grade II listed former mill building occupies a prominent position at the site entrance. Following a fire in 2001, the property was completely rebuilt within the stone facade walls and is currently laid out as office accommodation.

To the south of the site and within the same ownership, a disused quarry provides a haven for wildlife and flora and it is anticipated this part of the site will eventually provide a public amenity.

The developable area is generally level with a lower part at its northern end.

Most the buildings on site have been demolished, stripped of components and de-roofed in readiness for development.

Four disused and overgrown concrete slipways are a significant feature of the site and it is expected that one of these structures will be incorporated within a development scheme.