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175 bedroom private hall for sale
Londonderry House, 2 Newton Street, Birmingham, West Midlands, B4
£200,000
Londonderry House, 2 Newton Street, Birmingham, West Midlands, B4
£200,000
Our Summary
- Key FeaturesLot for sale by auction on 25/06/2025To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers websiteCurrently comprising a Vacant Student Block providing 175 Student Units (167 x ensuite Rooms and 8 x Studios)Planning Permission was granted in March 2022 for the Erection of Three Storey Rooftop Extension and Internal Reconfiguration to provide a total of 236 Student Units (92 x ensuite Bedrooms and 144 x Studios); together with additional ground floor amenity space and replacement of external cladding to existing building
Description
This property is a vacant student block located in a prime PBSA location, close to Aston and Birmingham City University. The block currently provides 175 student units, including 167 ensuite rooms and 8 studios, but has planning permission to increase the number of units to 236 through a rooftop extension and internal reconfiguration. The property has been vacant since 2021 due to non-compliance with fire regulations, and a notice has been served by the Fire Authority. The property is situated on Newton Street, with Birmingham city centre, its eclectic shops, restaurants, and amenities, within easy reach. The property also benefits from excellent road connectivity and is close to two major train stations. Additionally, the property has a 73-year lease remaining and a Council Tax bill of £197,850, which is a 100% premium rate due to the property being vacant for over a year.