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Hagley Road West, Birmingham B17 24 bed property with land for sale
Hagley Road West, Birmingham B17
£1,250,000
Hagley Road West, Birmingham B17
£1,250,000
Our Summary
- 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
- 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
Description
This property is a freehold development site located off Hagley Road West in Birmingham, with full planning consent to build 8 two-bedroom apartments. The site currently comprises a two-storey building with 4 two-bedroom maisonettes, which are fully let and generating £50,400 per annum. The existing building will be demolished, and a new three-story block of apartments will be built, with associated car parking. The site is situated in a prime location, approximately four miles west of Birmingham City Centre and one mile north of Harborne, with easy access to the M5 motorway. The area is popular for rentals and offers a great option for anyone working in Birmingham City Centre. The site is being sold with offers in the region of £1,250,000 and has the potential to generate a significant income for the buyer.