1 Streetly Road, Birmingham, West Midlands, B23 7BH

For Sale by private treaty.

Offers based on £1,400,000 are invited on a subject to planning basis.

Freehold Residential Development Opportunity

The site is approximately 0.19 hectares in size ( 0.48 acres) and comprises a vacant former bingo hall and cinema. The existing unused building rises to 6 storeys in height and heavily influences the character of the local high street shops directly opposite. The property was formerly a bingo hall extending to 20,715 sq. ft. (1,924.53 sqm) over ground, mezzanine, first and second floors.
The vernacular of the area is generally dwellings with heights of 2-3 storeys and over, with all immediate neighboring buildings having a substantial building footprint, such as The Village Green Inn. The local area is very urban and built up, with the 5-road junction being a district centre with many individual and local shops, pubs and restaurants.
Both Streetly Road and Marsh Lane are wide tree lined boulevards with setback buildings providing a calm, generous and open character to the area. The existing 6 storey bingo hall benefits from the tree lined boulevards.

Accommodation
Ground Floor - 11,125 Sq.Ft - 1,033,61 Sq.M
Mezzanine - 942 Sq.Ft - 87.25 Sq.M
First - 8,170 Sq.Ft - 759.82 Sq.M
Second - 469 Sq.Ft - 43.57 Sq.M
Total - 20,715 Sq.Ft and 1,924.53 Sq.M

Location
The site is prominently located at the junction of Streetly Road and Marsh Lane in Stockland Green to the North of Birmingham City Centre. Birmingham is the most populated city in the UK outside of London, with a total population just under 1.2 million. Stockland Green lies within the jurisdiction of Birmingham City Council.
The site lies approximately 7km north of Birmingham City Centre on an arterial road connecting to the northern suburbs. It is 1.75km from Junction 6 and it is a sustainable location where there are strong transport links.
Bus routes run along Streetly/Slade Road running North to South and along Marsh Hill/Reservoir Road going East to West providing strong links to Birmingham Centre and Birmingham's Core Employment Areas.
The closest train station is Erdington Station, which sits less than 1.5km to the East and there are 11 bus stops within 0.5km of the property, along the 5 major arterial routes.

Tenure
Freehold with vacant possession.

Planning
The vendor has gained two pre-planning approved designs as follows:-
Design 1 (HAPPI Sheltered Housing for over 55s) A pre-application approved design for 44-46 apartments over 3,844 sqm (41,376 sqft). Each 1B2P apartment being ~54-57 sqm (581-613 sqft), with ancillary accommodation to include 3 lounges, fitness studio, gym, laundry, staff and scooter rooms and other services.
Design 2 (51-55 apartment build to rent scheme) A pre-application approved design for between 51-55 apartments comprising a mix of 1, 2 and 3 bed NDSS compliant apartments, ranging from 38.4 to 62.4 sqm.
Copies of plans for both schemes along with the pre-app response are available upon request .
Alternative schemes may well be considered, and the vendor has also previously had plans drawn up for a 61- 63 unit scheme, for Housing Associations, Charities or other institutions focusing on short-term accommodation.
All planning enquiries should be directed to Birmingham City Council planning department on .


VAT
We are advised that VAT is not applicable.

Proposal
Prospective buyers must undertake their own investigations regarding ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.