Commercial development for sale
Property description & features
- Tenure: Freehold
- Freehold property
- Site extending to 0.5 acres (0.2 hectares) gross
- Excellent opportunity to acquire a prominent freehold property in proximity to brindleyplace, five ways and broad street
- Planning permission for the erection a 10 to 16 storey tower comprising 130 apartments
- 5% affordable housing requirement with no further s106 or cil obligations
- Unconditional offers invited for the freehold property in its entiret
RESIDENTIAL DEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION RESIDENTIAL DEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION
Location
The property is situated within Birmingham's Ladywood Ward, an area set for transformational regeneration, lying to the east of the city centre core.
More specifically the property lies between the junction of Ladywood Middleway (A4540), Leyburn Road and Ladywood Road. The property is surrounded by an established mix of residential and commercial uses, providing excellent access to local amenities including Broadway Plaza approximately 220m south east, a Morrisons superstore approximately 402m south east, and leisure and food & beverage operators on Fiveways and Broad Street (A456) approximately 560m east. Birmingham's primary retail district, centred around New Street, is within an approximate 25 minute walk (circa. 1.6km east).
The property is also in close proximity to Birmingham's core commercial areas, providing excellent access to national and international employment opportunity. Brindleyplace is situated approximately 660m east (circa. 13 minute walk), and the Paradise development is situated approximately 1.1km east (circa. 19 minute walk) of the property.
Viewings
The majority of the Property is visible from the pavement surrounding the site.
Avison Young request that interested parties do not attempt to gain access to the property without speaking to the selling agent, Joe Williams ([use Contact Agent Button]) in the first instance.
Specifications
The freehold site measures approximately 0.50 acres (0.2 hectares) gross, benefiting from a tri-frontage at the intersection of Ladywood Middleway (A4540), Leyburn Road and Ladywood Road.
The property currently comprises an existing building, a derelict former social club, extending to circa 12,723 sq. ft. (1,182 sq. m.) (as designated within the current EPC Certificate), which is surrounded by car parking. The existing premises will require demolition prior to the commencement of any development.
The boundary of the full extent of the property is delineated in orange on the adjacent site plan.
Property information from this agent
Places of interest
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