Land for sale

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Land for sale

Garages to the rear of, 9-49 Ravenshill Road, Birmingham, B14 4HL
£225,000

Our Summary

  • Whilst provided excellent potential rental income from the garages the site previously had a planning consent for development of the northern end of the site to prove 3 x 2 bedroom bungalows whilst retaining 47 of the garages
  • A variety of potential residential schemes would be deemed appropriate, subject to obtaining the necessary planning consent
  • Planning The site benefitted from a previous planning consent for the development of part of the site to provide 3 x 2 bedroom bungalows which lapsed in 2005

Description

This 0.6-acre freehold property, located in the popular residential area of Yardley Wood, Birmingham, offers a unique opportunity for redevelopment. The site currently comprises 71 lock-up garages, which provide a potential revenue stream, and has a previous planning consent for development of three 2-bedroom bungalows. The property is situated near Yardley Wood railway station, with easy access to Birmingham city center and the M43 motorway. The vendor is seeking offers in excess of £225,000 on an unconditional basis, and potential residential schemes could be deemed appropriate, subject to obtaining the necessary planning consent. Alternatively, retaining the full 71 garages would provide a stable income stream.
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