House For Sale Lower Parade, Sutton Coldfield, B72

£2,500,000

1 of 4
  • Description
  • Street View
  • Maps
Last Updated: 23rd May 2024

Description

This site has the benefit of an outline planning consent granted under planning reference 2022/02480/PA.

Site Area: 0.31 Acres
Proposed Building Area GIA: circa 55,922 sq ft
Proposed Building Residential Area NIA: circa 37,350 sq ft
Proposed Building Commercial Area GIA: circa 7,858 sq ft

The site lies along Lower Parade, which is located within the Centre of the Royal Town of Sutton Coldfield.
The site is offered on a freehold basis, which has been predominantly cleared ready for development.
This site has outline planning consent, subject to conditions for the development of up to 55 residential apartments – 19 x 1 bed and 36 x 2 bed (Use class C3) and up to 730 sqm commercial floor space (Use class E), together with associated car parking and service areas (access, layout and scale not reserved).

The proposed scheme ranges from 6-8 storeys in height.

S106: There are to be 6 affordable units (Low cost housing units) being a discount to the open market value - please see further details in the brochure.

CIL: CIL is applicable in this location


Tenure – Freehold.
VAT - VAT will be chargeable at the prevailing rate.
Services – All services are available to the site. However, it is the responsibility of the purchaser to ensure that services are available and adequate

The site is being sold via public treaty.

Offers will be considered on both a conditional and unconditional basis. Prospective purchasers are to provide the following with their offer:

Proof of funds
Track record
The conditions (if any) attached to the offer
Timescales proposed

Offers are to be submitted with any supporting information to:
Will Jordan – Will.
Charlie Steele - Charlie.

The property may be inspected strictly by prior appointment through the vendor's selling agents, Knight Frank LLP.
Under no circumstances must any visits be made to the property without prior authorisation.


The Royal Town of Sutton Coldfield is an affluent town/civil parish within Birmingham, West Midlands.

The development site is located on Lower Parade in the centre of Sutton Coldfield.

Sutton Coldfield Town centre is a lively, vibrant town centre, with a diverse range of shops, coffee shops, family dining and leisure facilities.

Sutton Coldfield has a range of excellent schools, including two Ofsted outstanding Grammar Schools.

The town and surrounding areas such as Little Aston and Four Oaks are some of the most affluent areas in Birmingham.

Agent Details
Knight Frank
18th Floor 103 Colmore Row Birmingham B3 3AG

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£120,000
Sutton Coldfield, B72
Flat
8.2
£110,000
Sutton Coldfield, B73
Flat
7.6
£170,000
Sutton Coldfield, B73
Apartment
6.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested