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Hagley Road West, Birmingham B17 24 bed property with land for sale
Cornerways, Harborne, B17 8AL
£1,250,000
Cornerways, Harborne, B17 8AL
£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 freehold development opportunity is located on Hagley Road West, a prime and prominent position just off the A456, approximately four miles west of Birmingham City Centre. The site currently comprises a two-storey building with four 2-bedroom maisonettes, which are fully let and generating £50,400 per annum. The site has full planning consent to build eight new 2-bedroom apartments, with associated car parking, and offers a great opportunity for investors to buy and hold or buy and resell individually. The location is highly sought after, with multiple amenities nearby, including restaurants, cafes, supermarkets, and green spaces. The site is available for sale at an asking price of around £1,250,000.