Bailey Street, West Bromwich

Bailey Street, West Bromwich - Freehold Residential Development Opportunity

For Sale by Private Treaty: Offers Invited - £899,995



Property Overview:

This prime development site on Bailey Street, West Bromwich, presents a unique opportunity for investors and developers. The site, which spans approximately 0.7 acres, is freehold and located in a well-established and prominent residential area. It previously had planning consent for a scheme of 10 houses, although this consent has now lapsed. The site is also suitable for alternative developments, including a potential scheme for up to 40 residential flats or mixed-use purposes, subject to obtaining the necessary planning permissions.

Key Features:

Size: The site extends to 0.7 acres (approximately).
Planning History: Formerly approved for a development of 10 houses (planning application number: DC/07/48746). Potential for other schemes subject to planning approval.
Location: Situated in a sought-after residential location, less than half a mile from local primary and secondary schools. Offers excellent transport links via the A41 Black Country New Road, leading towards Wolverhampton, West Bromwich town centre, and the M5 junction.
Development Potential: Preliminary massing investigations suggest suitability for a development of up to 40 residential flats. Ideal for mixed-use schemes, subject to planning permission (STPP).
Additional Information:

Tenure: Freehold. Interested parties are encouraged to verify the tenure status through their own due diligence.
Planning: For inquiries regarding potential planning applications, contact Sandwell Metropolitan Borough Planning Department.
Services: Mains services are understood to be available near the site. Prospective buyers should independently verify the availability and suitability of these services for their specific development plans.
VAT: Prices quoted are exclusive of VAT. Buyers should account for any applicable VAT in their offer.

Tenure: Freehold