Cranmore Road, Shirley

£975,000 Offers Over
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Property Summary

* Currently Deriving An Income of Approximately £60,000 Per Annum as a Trading Guest House
* Planning Approved for 4 Houses & 3 Apartments in Excess of 5,200 sq.ft
* Further Planning Approved for Different Scheme of 9 x Apartments
* Scope & Potential for a Wide Range of Commercial & Residential Uses
* Full Marketing Pack Available
* Viewing by Arrangement

Full Details

John Shepherd are proud to be able to offer to the market this superb opportunity to purchase an ongoing investment or scope to redevelop completely, currently under C1 Class use (69 to 71) (73 is currently residential C3) the scope and potential for this site is huge.



69 - 73 Cranmore Road is located in the highly regarded suburb of Shirley, Solihull, close to many arterial routes into Birmingham City Centre, Solihull Town Centre and of course the M42 and beyond, furthermore there is the Marshall Lake Road retail park, with a Marks & Spencer, Next, Halfords and many other shopping facilities.



The current income that the properties are deriving is in the region of £60,000 per annum, as the properties are currently running as a Guest House B & B, and the current owner feels that there is scope to improve upon this considerably. We hold the last three years of accounts and can provide this upon request, within the marketing pack available.



Full Planning Approval is in place for conversion and extension of 69-71 Cranmore Road into 6 No. Self contained units and Solihull Council Planning website, PL/2018/1092/COU refers. Separate Planning Approval, PL/2018/1093/COU, refers to the conversion and extension of 73 Cranmore Road into 3 No. Residential units. Combined project square footage is in excess of 5200 with 11 allocated car parking spaces in total.



A further development opportunity , Planning Approval PL/2018/02884/PPFL is in place for conversion and extension of 69 and 71 Cranmore Road into 4 No. two storey individual units and the approval runs concurrent with the above consent on 73 Cranmore Road.



Therefore, we feel that the vendor of these properties has carried his best for all potentially interested clients to fully appraise the site and understand the potential for the properties and the varied routes to ensure that these properties continue to generate an income - either both short or long term.



We have a marketing pack available for this property and it contains the following;





Title Plan & Register:



Planning Decisions

Current Floor Plans for 69 - 73 Cranmore Road

Floor Plans for Planning Approval

Elevations for Planning Approval



Although we would kindly point out that all the salient points to the Planning Decisions are located on the Solihull Planning Portal, with the below named Planning Application Numbers;

PL/2018/02884/PPFL

PL/2018/01093/COU

PL/2018/01092/COU



Tenure:



We understand that the Subject Site is FREEHOLD.



Local Authority Enquiries:



All enquiries to - Solihull MBC - Planning Dept. 0121 704 8008 or

http://www.solihull.gov.uk/Resident/Planning/searchplanningapplications



Strictly By Appointment Only:

The site is available for viewings, and we will likely be carrying out a number of viewing days, please contact us to find out more. Further, as the site is open land, it may be undulant underfoot, therefore we would ask you to be mindful of our Safety On Site paragraph below.



To arrange an inspection or obtain further information in respect of the development land, contact; Sam Meeten, John Shepherd Estate Agents, Unit 6, The Grand, 33 Colmore Row, Birmingham B3 2BS, email sam.meeten@johnshepherd.com or call 0121 633 4455/ 07838 184580.



Safety on Site:

Any prospective purchaser viewing the site should be especially careful and vigilant when making their inspection of the land/ buildings for their own personal safety. The ground may be uneven and may contain debris/ foliage, furthermore the site is located near to existing dwellings so will have vehicular access at all times throughout the day and night.



Interested viewers must take care, and therefore, no children or pets to be allowed onto the site/ premises. Neither the vendors nor their agents (Joint/ Sole or Multi) accept any responsibility or liability for personal injury caused to individuals or any third party whilst on the premises.

Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ.



Agents Note: We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate.



Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.



Tenure: The property is Freehold with vacant possession upon completion of the purchase.



Services: All mains services are connected to the property.



Local Authority: Solihull Metropolitan Borough Council.



In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all of our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history. You understand that we will undertake a search with Experian for the purposes of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained.

To complete our quality service, John Shepherd is pleased to offer the following:-



Free Valuation: Please contact the office on 01564 783866 to make an appointment.



Residential Lettings and Management: If you are interested in letting out your property or are considering renting a property, please contact 0121 703 1850.



Professional Survey Department: If this property should not meet your requirements and you decide to purchase a property not marketed by ourselves, we would be delighted to offer our professional services to you should you require an independent survey on the property you intend to purchase. We offer a full range of professional surveys including the RICS Home Buyers' Survey and Valuation Reports, and full Building Surveys. For professional survey and valuation advice therefore, please do not hesitate to contact our Survey Department on 01564 786626.



John Shepherd Conveyancing: Very competitive fixed price rates agreed with our panel of local experienced and respected Solicitors. Please contact this office for further details or go to www.johnshepherd.com



Financial Services: John Shepherd Estate Agents works with Lomond Mortgage Services offering face to face mortgage advice to suit your needs. LMS are part of one of the UK's largest award winning mortgage brokers and can offer you expert mortgage advice, searching over 11,000 different mortgages from 90+ lenders to find the right deal for you. Please contact Matthew Tyler at our Solihull office on 0121 703 1869 for further details or to arrange a free appointment.