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This plan is for identification purposes only....

Residential development

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Residential development
Added > 14 days

Features and description

  • Freehold Residential Development Site - Circa 1.53 acres
  • 25/05/2022
  • Smethwick

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Guide Price = £1,500,000 - £1,750,000 + 20% Vat

Withdrawn

Freehold Residential Development Site - Circa 1.53 acres

Property for auction on 25th May at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.

the seller have prepared and submitted a Pre-App for this site detailing a scheme of 6 x 3 bedroom townhouses and 11 x one /two bedroom apartments. This document is available on our website and all interested parties should make their own enquiries regarding the viability of the scheme.

The Woodlands Development
Planning Consent was granted by Sandwell Metropolitan Borough Council on the 10th of January 2020 (Ref: DC/19/63479) for the proposed development of 14 no. 3 bedroom dwellings with associated access works and landscaping to include alterations of the existing pub car park. The Woodlands Development has a CIL liability of £41,462 with no affordable housing requirement.

The Woodlands Development comprises 14 semi-detached houses of modern two storey construction with the following house types:

Type 1: (Wayside) Quantity - 7
Each with:
Ground Floor
Dining Kitchen, Cloakroom with WC, Living Room
First Floor
Master Bedroom with en-suite shower room, Bedroom 2, Bedroom 3, Bathroom
Total Floor Area: 81sq.mtrs (873 sq.ft)

Type 2: (Greenacres) Quantity - 5
Each with:
Ground Floor
Dining Kitchen, Cloakroom with WC, Living Room and Integral Garage
First Floor
Master Bedroom with en-suite shower room, Bedroom 2, Bedroom 3, Study and Bathroom
Total Floor Area: 93sq.mtrs (1002 sq.ft) (excluding garage)

Type 3: (Oaklands) Quantity - 2
Each with:
Ground Floor
Dining Kitchen, Cloakroom with WC, Living Room
First Floor
Master Bedroom with en-suite shower room, Bedroom 2, Bedroom 3, Bathroom
Total Floor Area: 80sq.mtrs (860 sq.ft)

Further details of the development of are available on the the Auctioneers Website and full planning details are available on Sandwell MBC website
Note: The site is held in a Special Purpose Vehicle (SPV) as the sole asset. Whilst the auction sale is for the site contained within Land registry tile No. WM737837, following exchange of contracts, the buyer can choose to purchase the site within the SPV which will provide the following benefits:
1. No VAT payable on purchase price.
2. Stamp duty will be 0.5% of the purchase price.
All details will be available within the legal documents and interested parties should seek professional advice prior to bidding.
Legal Documents at Viewings Via Cottons[use Contact Agent Button]

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Cottons Auction - Birmingham
Cottons Auction - Birmingham
Birmingham, West Midlands B17
0121 721 8788
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Cottons have been successfully selling property by Auction for well in excess of 50 years and are now established as one of the leading Auctioneers outside of London. Our Auctions are usually held at the Holte Suite, Aston Villa Football Club, Aston, Birmingham and typically comprise of an extensive range of residential and commercial property, land, and ground rent investments. Whilst our catalogue will normally comprise of property within the Midlands Region, we have a proven track record for selling lots further a field and extending across the UK. If you have a property to include in any of our forthcoming Auctions, or if you wish to receive a catalogue please contact us immediately.
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