0 bed Land (for sale) Sherborne Street, Edgbaston, Birmingham B16

£700,000
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Barnard Marcus - Auctions
361 King Street, Hammersmith
020 3641 4905
First Published

8th Feb 2021

Last Published

5th Mar 2021

 

Features

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

Description


Summary
auction sale 09 March 2021 - For more information and legal documents visit our website

description
Freehold site of approximately 0.3 acres with lapsed planning permission for construction of
part four and part five storey building to provide 21 apartments ( 8x One bedroom and 13x Two
bedroom).
Investment with vacant possession in June 2021

Location:
The site is situated on Sherborne Street between its junctions with Grosvenor Street West and Morville Street and within close proximity to Birmingham Canal Old Line. Public transport links include a choice of Birmingham New Street and Birmingham Moor Street mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A4540 ring road together with the A456 which in turn links to the M5 Motorway to the West. Shopping amenities can be found locally with
an extensive range of shops, bars and restaurants being found in nearby in Birmingham City Centre. Recreational pursuits can be found locally along Birmingham Canal Old Line and at the open spaces of City Centre Gardens. Legoland Discovery and National Sea Life centre can also be found nearby.

Description:
Freehold site of approximately 0.3 acres with lapsed planning permission for construction of part four and part five storey building to provide 21 apartments ( 8x One bedroom and 13x Two bedroom).

Planning:
Planning permission was granted by Birmingham City Council on 5th April 2016 (now lapsed) under application number 2015/08644/pa for Construction of part four and part five storey building to provide 21 apartments, means of access and associated car parking.

Tenancy:
The site is currently let to Crest Nicholson Operations Limited from and including 20th June 2018 to and including 19th June 2021 at a rent of £30,000 per annum – Refer to legal documentation on our website.

Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

 

Local info for B16

 

Property Value Data/Graphs for B16

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 72.9% £206,107 1.6 1
Terraced house 9.9% £283,240 4 0.8
Detached house 4.6% £335,413 3.7 1.8
Semi-detached house 3.8% £455,000 5.6 1.7
Town house 3.4% £326,389 3.6 2
Studio 3.1% £109,800 0 1
End terrace house 1.5% £247,500 2.8 1.5
Other 0.8% £247,500 4.5 0.5

Area Information

Average Price Paid

£212,700

Sales

1879

Current Average Value

£231,323

Value Change

£18,623 8.8%

 

Current Asking Prices in B16 Average: £231,323

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £166,136 (7) £301,217 (23) £370,338 (16) £287,817 (9)
Flats £153,378 (89) £227,933 (88) £404,125 (14) - -
All £153,378 (89) £223,379 (95) £340,155 (37) £370,338 (16) £287,817 (9)

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6 bed () Lady Byron Lane, Knowle, Solihull B93 £3,000,000
7 bed Detached house () Ladywood Road, Four Oaks, Sutton Coldfield B74 £3,000,000
8 bed Detached house () Beech Court, Wellington Road, Edgbaston, Birmingham, West Midlands B15 £2,995,000
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