Those plans, by developer Billy Singh, expired because no work was carried out.
The new building would need reinforced foundations and to be built as far away from the mineshaft as possible.
A report outlining the council’s approval said the vacant site does not make a positive contribution to the area due to its poor physical condition.
“The proposed redevelopment of this space for residential use would provide additional housing in this centre location [and] improve the visual appearance of this area,” it read.
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