For Sale by private treaty.

£1,500,000 for the long leasehold interest.
The freehold can be purchased simultaneously if required a fixed price of £650,000 subject to contract.

A City Centre Redevelopment Opportunity With Full Planning Permission

The grade II listed property was constructed in the redbrick Queen Anne Style in 1881 and used from 1887 as a hospital. The attractive Grade II listed building comprises extensive accommodation arranged over ground, first, second, third and basement floors. The ground floor has an impressive centrally located glazed light well and the feature provides significant daylight into the ground floor area.
Unoccupied since 2014 , the majority of the property's internal fixtures and fittings have been stripped out, and the building was identified as a building at risk in the SAVE Britain's Heritage Buildings at Risk catalogue in 2017.
PROPERTY HISTORY
1881 building constructed
1887 Utilised as the Birmingham Skin & Lock hospital'
1930 Operated as the Birmingham & Midland Skin Hospital'
1930 Utilised until 1983 as the outpatient department after relocation of the main hospital.
1984-2014 Converted and used as various Licenced Pubs & night clubs
2012 Traded as Rosie O'Briens night club
2014 Vacant
Details of the buildings listed status (predominantly the front faade) are available within the data room via the selling agents.

Accommodation
Please see full sales particulars for accommodation schedule.

Location
The property is situated on John Bright Street and backs onto Beak Street in the heart of Birmingham City Centre.
It is located 2 minutes' walk from Birmingham New Street Grand Central and 6 minutes' walk from the Bullring, with the Mailbox, Paradise and Colmore Row offering furtherr amenities in the wider surrounding city core.
Accessibility to the A38 Bristol Road at the intersection with Holloway Circus can be found nearby together with local bus connections and the tram network.

Size
0.12 acres (0.04 ha)

Tenure
The property is subject to a long lease for a period of 135 years from 24 June 2006 at £11,500 pa and subject to review every 25 years. The freehold of the property is in the ownership of the Gooch Family and the Benacre Estate. The freehold is available for separate acquisition at a fixed price of £650,000 subject to contract.

Planning
On 16 December 2023, under application no. 2022/09662/PA, full planning permission was granted for the residential development of 15 apartments., comprising a total of 11,357 sq ft. Listed building consent was granted under application number 2022/09663/PA.
The scheme comprises 15 prestigious apartments, 4 of which are configured as duplex around a central lightwell and courtyard with aerial walkways and distinctive features such as a historic tower and impressive brick detailing.
The Vendor has undertaken significant technical due diligence to support the planning application & full supporting documentation is available within the data room.

VAT
We are advised that VAT is payable in addition to the purchase price.

Proposal
PROPOSED DEVELOPMENT
The proposal is to convert the existing building to form 15No. high quality apartments. The location in Central Birmingham is just a few meters from New Street Station in an stablished residential and leisure area close to the heart of the business and retail quarters. The street is pedestrianised and a short walk links to the Metro with the Bull Ring and Mailbox retail centres located close by.
The scheme is based around a central lightwell which will feature walkways and a garden. Four apartments have their own front door; a further four are duplexes, one of which includes an historic tower feature.
After use as the Skin Hospital, the building has only had temporary uses for leisure purposes and due to changes in surrounding uses is now suitable for residential conversion. The proposal includes for removing the existing roof to the central light well and extending it down into the basement level. This enables natural daylight and outside air into the central core of the building.

Services
Prospective purchasers must satisfy themselves in respect of the provision, capacity and sustainability of all services and drainage and should reply on their own enquiries with the relevant statutory undertakers.

Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.

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.