0 bed Land (for sale) Black Lake, West Bromwich B70

£750,000
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Cottons Chartered Surveyors
Cavendish House, 359 - 361 Hagley Road, Edgbaston, Birmingham
0121 659 0094
First Published

16th Nov 2018

Last Published

10th Dec 2018

 

Features

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

Description

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.

Location

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.

Description

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.

Existing Accommodation As Follows;

Ground Floor

Bar & Bar Seating Area

Bar Seating Area

Bar Seating Area / Pool Table & Darts Area

Ladies, Gents & Disabled Toilets

Restaurant Seating Area

Ladies & Gents Toilets

Kitchen One

Kitchen Two

Cellar

First Floor Accommodation

Landing

Living Room

Kitchen

Bedroom One

Bedroom Two

Bedroom Three

Bathroom

Planning

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.

VAT

The property is elected for VAT and therefore VAT will be payable on the purchase price.

Business Rates

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.

Viewings

The site may be viewed externally. For internal inspection of the pub and restaurant, viewings shall be arranged by appointment via Cottons.

 

Local info for B70

Floor plan

 

Property Value Data/Graphs for B70

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 28% £148,823 2.9 1.1
Flat 22.9% £84,174 1.7 0.9
Semi-detached house 21.2% £141,462 2.6 1
End terrace house 11% £123,842 2.7 0.8
Detached house 6.8% £250,375 4.1 1.4
Detached bungalow 2.5% £170,000 2 1
Town house 2.5% £176,667 3.3 0.7
Other 1.7% £115,000 1.5 0.5
Link-detached house 0.8% £235,950 3 2
Bungalow 0.8% £85,000 2 1
Land 0.8% £600,000 0 0
Block of flats 0.8% £25,000,000 0 0

Area Information

Average Price Paid

£140,341

Sales

1485

Current Average Value

£351,901

Value Change

£211,560 150.7%

 

Current Asking Prices in B70 Average: £351,901

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)

Nearby Properties

1 bed Flat () Suffolk Street Queensway, Birmingham B1 £155,000
2 bed Semi-detached house () Felton Croft, Birmingham B33 £130,000
2 bed Flat () Augustus Road, Edgbaston, Birmingham B15 £250,000
2 bed Semi-detached house () Pel Crescent, Oldbury, West Midlands B68 £144,950
7 bed Detached house () Old Park Lane, Oldbury, Sandwell B69 £299,950
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