0 bed Land (for sale) Development Opportunity At, 43 Cliveland Street, Jewellery Quarter B19

£775,000
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Bond Wolfe Auctions
1st Floor, 75-77 Colmore Row, Birmingham
0121 721 8417
First Published

30th Jun 2022

Last Published

21st Jul 2022

 

Features

  • Type: Land
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

For Sale By Public Auction on 21 July starting at 09:30 am - Holte Suite, Aston Villa fc, Trinity Rd, Birmingham B6 6HE & Live Stream

A Unique Freehold Development Opportunity Close To Birmingham City Centre With Planning Permission For 20 Apartments And 3,574 sqft (332.03 sqm) Of Commercial Accommodation

43 Cliveland Street offers a unique chance to acquire a residential and mixed commercial development opportunity within the Jewellery Quarter, close to Birmingham City Centre and with canal side views. The planning permission permits 10 one bedroom and 10 two bedroom apartments together with ground floor commercial unit.

Location
The site is located to the northern side of Cliveland Street between it's junctions with Lower Loveday Street and Hanley Street, within Birmingham's Jewellery Quarter. The area continues to undergo considerable investment and regeneration and many of the former industrial buildings within the vicinity have been converted or redeveloped to provide a mix of independent business's and creative workshops. There has been significant development of modern apartment blocks and a flourishing food and drink scene and a heritage that attracts visitors from far and wide, the Jewellery Quarter has established itself as a global destination, and is close to everything Birmingham City Centre has to offer.

Energy Performance Rating

C


Tenure
Freehold Vacant possession upon completion.

Planning
The property is offered with the benefit of full planning permission, application number 2021/05154/pa granted by Birmingham City Council on the 18th November 2021, for the demolition of the existing building and erection of a six storey development comprising 20 one and two bedroom apartments and ground floor commercial unit for a class E use.
There are 10 proposed one bedroom apartments and 10 two bedroom apartments. A copy of the planning permission associated drawings together with section 106 agreement details will be available for inspection within the legal pack.

Services
Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.

Ground Conditions & Contamination
Prospective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans/Aerial Photographs
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of way, wayleaves, easements, restrictive covenants etc
The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. Which may exist whether mentioned in these particulars or not.

Value Added Tax
We understand VAT is applicable on this transaction. We understand VAT is applicable on this transaction.

Auctioneer's Note
Please note no offers will be considered prior to the Auction Sale.

Viewing Times
The property comprises a complete development opportunity and in this respect viewings are to be external only.

Hybrid Auction
Please note that the Auction will be held at Aston Villa fc (Holte Suite), and livestreamed via our website. If you cannot attend in person, you can take part remotely via Proxy, Telephone or Internet. If you wish to bid remotely you must pre-register via our website no later than 24 hours prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe's website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.

 

Local info for B19

 

Property Value Data/Graphs for B19

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 62.9% £293,511 2 1.8
Maisonette 14.3% £128,000 3 1
Terraced house 8.6% £227,983 4.7 1
End terrace house 5.7% £170,000 3 1
Other 5.7% £162,500 1.5 0.5
Semi-detached house 2.9% £344,950 5 2

Area Information

Average Price Paid

£134,498

Sales

462

Current Average Value

£251,176

Value Change

£116,678 86.8%

 

Current Asking Prices in B19 Average: £251,176

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £87,000 (2) £160,000 (1) £200,000 (1) £297,475 (2)
Flats £123,300 (6) £301,454 (12) £233,571 (7) £552,500 (2) -
All £123,300 (6) £270,818 (14) £224,375 (8) £435,000 (3) £297,475 (2)

Nearby Properties

0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
6 bed Detached house () Roman Lane, Little Aston, Sutton Coldfield, Staffordshire B74 £3,750,000
5 bed Detached house () Hillwood Road, Sutton Coldfield B75 £3,250,000
6 bed Detached house () Roman Road, Little Aston, Sutton Coldfield B74 £2,950,000
6 bed Detached house () Edgbaston, Birmingham B15 £2,799,500
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