Gravelly Hill, Birmingham

£900,000 Guide Price
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John Shepherd are delighted to be able to offer to the market this superb opportunity to purchase an existing scheme of 6 x apartments. Furthermore, the current vendors have now secured planning for 6 x apartments to the rear.

The current passing rental income for the 6 x apartments which are let, is c£39,000 pa – which consists of two x 1 bedroom apartments and 4 x 2 bedroom apartments.
Our Lettings Department feel that there is scope to improve upon these rental figures, subject to some refurbishment works to be undertaken.

The planning to the rear, is to create in the region of 3,900 sq ft of residential accommodation, consisting of two x 1 bedroom apartments and 4 x 2 bedroom apartments

Katie Ridley our New Homes Director has priced the 6 x new builds for resale and in our marketing pack is the breakdown of the GDV.

The planning application number is 2019/03824/PA and the details of the planning approval can be found on the Birmingham City Council website.
We further understand that a number of the planning conditions have been met and can be confirmed on the following planning application 2020/00082/PA.

We recommend viewings to fully appreciate the scope and potential on offer.

Tenure
We understand that the Subject Site is FREEHOLD.

Local Authority Enquiries
All enquiries to Birmingham City Council – Planning Dept.

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 may be 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 6334455

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 etc and furthermore the site is located near to existing dwellings so may 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.