A plot extending over circa. 0.18 Hectares (0.44 acres/1,800 sq metres) currently accommodating an operating public house and restaurant with planning permission for the demolition of the existing dwelling and erection of 18 two bedroom self contained flats (Sandwell Council - Planning Application No: DC/18/62083). Located within a convenient location within Hill Top, West Bromwich.
The property is located within the area of Hill Top, West Bromwich and situated on the corner of Black Lake (A4196) and Brecknock Road. The property is situated circa. 1.4 miles from West Bromwich Town Centre.
The existing premises currently comprises; pub and restaurant facilities with three bedroom living accommodation to the first floor and pub garden, parking amenity space.
The total site area is approximately 0.18 ha (circa. 0.44 acres/circa. 1,800 sq metres).
The pub/restaurant is situated fronting Black Lake with parking front north entrance from Black Lake.
Outline planning consent has been granted by Sandwell Council under Application No. DC/18/62083 for the demolition of the existing building and erection of 18 two bedroom self contained apartments.
It is the responsibility of the purchaser to satisfy themselves that the intended use of the property complies with the relevant planning permission and building regulations in force at the time of the purchase.
The property is elected for VAT and therefore VAT will be payable on the purchase price.
Existing Ratable Value: £20,000. Please note the figure is not the rates payable. Applicants are asked to make their own enquiries with Sandwell Council with regard to rates payable.
The site may be viewed externally. For internal inspection of the pub and restaurant, viewings shall be arranged by appointment via Cottons.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||11%||£123,842||2.7||0.8|
|Block of flats||0.8%||£25,000,000||0||0|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£130,000 (1)||£114,370 (28)||£144,266 (46)||£248,182 (11)||£286,500 (2)|
|Flats||£68,872 (9)||£91,825 (18)||-||-||-|
|All||£74,985 (10)||£105,548 (46)||£144,266 (46)||£248,182 (11)||£286,500 (2)|