NEW HOMESOLD STC
Cornerways, Harborne, B17 8AL
£1,250,000
- PROPERTY TYPE
Land
- BEDROOMS
24
- SIZE
Ask agent
Key features
- Freehold Development Opportunity
- Full Planning in Place for 8 x 2 Bed Apartments
- Sale Includes 4 x Fully Let Maisonettes
- Current Rental Income of £50,400/annum
- Total Potential Rental of £184,800 PA
Description
Davidson Estates are pleased to be instructed on the sale of this excellent opportunity to purchase a freehold development, with full planning consent to build 8 x 2 bed apartments, located just off of Hagley Road West in an area immensely popular for rentals and offering a great option too for anyone working in Birmingham City Centre.
| KEY FEATURES |
*Prominent Site for Sale Off Hagley Road West (A456) *Sold with Freehold and Full Planning for 8 x 2 Bed Apartments
*Additional 4 x 2 Bed Maisonettes Included in Sale
*Maisonettes Fully Let and Generating £50,400/annum *Excellent Opportunity For Clients Looking to Buy and Hold, or Buy and Resell Individually.
| INCOME-GENERATING SITE WITH PLANNING TO BUILD APARTMENTS | The site currently comprises a two storey building of 4 x 2 bedroom maisonettes. There is a stand alone garage block, which would be demolished under implementation of the approved planning permission. Set back from the main Hagley Road West, there is land to the side of the existing block which allows for development of a three story block of 8 new build 2 bedroom apartments with associated car parking. The existing maisonettes are currently let producing £50,400 per annum.
| A LOCATION TO TICK ALL BOXES |
The site is located at the junction of Hagley Road West and Lordswood Road on the South Western periphery of Birmingham, affording a prime and prominent position, approximately four miles west of Birmingham City Centre and one mile north of the centre of Harborne.
The site occupies the corner plot of a significant junction along Hagley Road West and the surrounding area predominantly comprises of detached dwellings situated on generous plots of land. An area of open parkland separates the site from a denser arrangement of terraced housing to the North. Hagley Road is a principal arterial route leading from Birmingham City Centre and to the M5 motorway, which is three miles to the west of the site.
| AMENITIES ABOUND FOR PROSPECTIVE RESIDENTS | Within half a mile of Cornerways, there are multiple options for restaurants, cafes, supermarkets (Aldi, Iceland and more). Additionally, several green spaces are in close proximity, including Lightwoods Park (0.2 miles) and Warley Woods (0.8 miles).
| KEY INFORMATION |
PRICE: Offers in the region of £1,250,000 are sought for the Freehold interest.
SERVICES: We understand that all main services are connected to the property but have not been tested by the Agent.
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.
EPC:
Available upon request.
VALUE ADDED TAX: We are advised that VAT is not applicable in this transaction.
LEGAL COSTS: Each party is to be responsible for their own legal costs that may be incurred in this transaction.
SCHEME OF MANAGEMENT: The site is situated on the Calthorpe Estate and being a freehold property is subject to the Estates scheme of management. Any purchaser intending to redevelop this site will also require the formal consent of Calthorpe Estates under its scheme of management.
For viewings and further information please contact Davidson Estates. All viewings of the site must be accompanied by our company.
| KEY FEATURES |
*Prominent Site for Sale Off Hagley Road West (A456) *Sold with Freehold and Full Planning for 8 x 2 Bed Apartments
*Additional 4 x 2 Bed Maisonettes Included in Sale
*Maisonettes Fully Let and Generating £50,400/annum *Excellent Opportunity For Clients Looking to Buy and Hold, or Buy and Resell Individually.
| INCOME-GENERATING SITE WITH PLANNING TO BUILD APARTMENTS | The site currently comprises a two storey building of 4 x 2 bedroom maisonettes. There is a stand alone garage block, which would be demolished under implementation of the approved planning permission. Set back from the main Hagley Road West, there is land to the side of the existing block which allows for development of a three story block of 8 new build 2 bedroom apartments with associated car parking. The existing maisonettes are currently let producing £50,400 per annum.
| A LOCATION TO TICK ALL BOXES |
The site is located at the junction of Hagley Road West and Lordswood Road on the South Western periphery of Birmingham, affording a prime and prominent position, approximately four miles west of Birmingham City Centre and one mile north of the centre of Harborne.
The site occupies the corner plot of a significant junction along Hagley Road West and the surrounding area predominantly comprises of detached dwellings situated on generous plots of land. An area of open parkland separates the site from a denser arrangement of terraced housing to the North. Hagley Road is a principal arterial route leading from Birmingham City Centre and to the M5 motorway, which is three miles to the west of the site.
| AMENITIES ABOUND FOR PROSPECTIVE RESIDENTS | Within half a mile of Cornerways, there are multiple options for restaurants, cafes, supermarkets (Aldi, Iceland and more). Additionally, several green spaces are in close proximity, including Lightwoods Park (0.2 miles) and Warley Woods (0.8 miles).
| KEY INFORMATION |
PRICE: Offers in the region of £1,250,000 are sought for the Freehold interest.
SERVICES: We understand that all main services are connected to the property but have not been tested by the Agent.
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.
EPC:
Available upon request.
VALUE ADDED TAX: We are advised that VAT is not applicable in this transaction.
LEGAL COSTS: Each party is to be responsible for their own legal costs that may be incurred in this transaction.
SCHEME OF MANAGEMENT: The site is situated on the Calthorpe Estate and being a freehold property is subject to the Estates scheme of management. Any purchaser intending to redevelop this site will also require the formal consent of Calthorpe Estates under its scheme of management.
For viewings and further information please contact Davidson Estates. All viewings of the site must be accompanied by our company.
Brochures
Cornerways Brochu...Cornerways, Harborne, B17 8AL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Smethwick Galton Bridge Tram Stop1.5 miles
- Smethwick Rolfe Street Station1.7 miles
- University Station2.0 miles
About Davidson Estates, Edgbaston - HQ
14 Frederick Road Edgbaston Birmingham B15 1JDIndustry affiliations:
Notes
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