Cleared Bearwood Site With Reported Mixed Use Consent For Sale

Smethwick, West Midlands, UK

Asking Price:: £800,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

A cleared freehold site on Bearwood Road offers a mixed-use development opportunity at a quoting price of £800,000, subject to contract. The broker reports planning permission for a three-storey building comprising a ground-floor commercial unit and nine self-contained flats above.

The site extends to approximately 9,171 sq ft (852 sq m). The former mixed-use commercial building suffered a fire and has since been demolished; the proposed ground-floor commercial accommodation of approximately 5,382 sq ft is part of the reported scheme rather than an existing unit.

Fronting the A4030 Bearwood Road in Smethwick, the site connects to the A456 Hagley Road. M5 Junction 2 is approximately two miles to the west, with Birmingham City Centre approximately three miles to the east.

Prospective purchasers should obtain the planning decision, approved drawings and conditions, and confirm service connections and development requirements. Enquire today to request the planning information and sale particulars or arrange a site viewing.

Property Information

Property:: Freehold

Lease Terms:: The freehold interest is available at a quoting price of £800,000, subject to contract, according to the brochure. This is a cleared site sale; no occupational lease or rental income is supplied. The agent reports that the property is elected for VAT, so obtain confirmation of the VAT treatment and total acquisition cost.

Living Accommodation:: The reported scheme proposes nine self-contained residential flats at first- and second-floor level. These have not been described as built or available for occupation.

Location:

The site is situated on the A4030 Bearwood Road in the Bearwood area of Smethwick, with access to the A456 Hagley Road.

Junction 2 of the M5 is approximately two miles to the west, connecting to the national motorway network. Smethwick Rolfe Street Railway Station is approximately 1.5 miles to the north-east.

The broker places Birmingham City Centre approximately three miles to the east. The opportunity concerns redevelopment of the cleared site at 570–572 Bearwood Road.

Premises Details:

The advertised property is a cleared site of approximately 9,171 sq ft (852 sq m). The former mixed-use commercial building was affected by fire and has been demolished.

The broker reports consent for a three-storey mixed-use building, with a ground-floor commercial unit of approximately 5,382 sq ft and nine self-contained residential flats on the first and second floors. These are proposed accommodation figures, not completed premises.

Service details are expressly unconfirmed. No existing fitted commercial unit, completed flats, current rental income or immediately habitable accommodation is offered in the particulars.

Size in square feet:: 9,171 Sqft

Planning Consent:: The broker states that planning has been granted for a three-storey mixed-use building with a ground-floor commercial unit of approximately 5,382 sq ft and nine self-contained flats on the first and second floors. No decision reference, decision notice, conditions or implementation deadline is supplied. Obtain the current consent and approved drawings from Sandwell Metropolitan Borough Council before relying on the scheme.

Business Operation

Expansion Potential:: The reported consent provides for a three-storey mixed-use redevelopment with ground-floor commercial accommodation and nine flats above. Delivery depends on the verified permission, its conditions, technical feasibility and development funding; no further expansion or completed development value is supplied.