Property for sale
Property description & features
- Tenure: Freehold
- Potential PBSA Development Site Available in Prime Selly Oak Location
- Current commercial and residential use
- Potential for 70+ student studio scheme on the site
- 774-776 Bristol Road: Two shops and 7 units of accommodation.
- Unit 5, 1B Elliott Road: Ground floor shop, 1st floor living accommodation (awaiting planning).
- Unit 1B Elliott Road: Ground floor commercial space.
The ground floor of 774-776 Bristol Road is made up of two commercial units, an entrance hall and communal space for tenants of the residential accommodation above.
Stairs from the communal space lead up to the 1st floor accommodation which is comprised of a communal gym and seven separate self contained units of accommodation, two 1-bed, and five studio apartments each with their own kitchen and bathroom facilities.
The ground floor of Unit 5, 1B Elliott Road is currently vacant and suitable for use as a retail space (use class E). The first floor is a 1-bed flat, accessed via a separate entrance at the rear of the building (planning permission pending).
Unit 1B Elliott Road is a large single story commercial unit available with vacant posession, currently used as a mechanics work shop.
A yard to the rear of 774-776 Bristol Road has spaces for approximately 10 cars and is accessed from Elliott Road.
Location
The main frontage to the site is opposite the old Sainsbury’s/Triangle site in Selly Oak, Birmingham. Behind the frontage of 774-776 Bristol Road is a car parking area with access to Elliott Road which is the frontage for the other two buildings.
The site is in close proximity to the University of Birmingham, Selly Oak train station, Queen Elizabeth Hospital, and directly opposite, the old Sainsbury’s site which is earmarked for a large scale mixed use, residential, commercial and student development.
The site is in close proximity to a number of existing PBSA developments including 800 Bristol Road, and Selly Oak Court..
Development Potential
Plans have been drawn up to demonstrate to develop the front of the plot into a 38 bed PBSA scheme. Full plans are available on request with further scope for a similar development at the rear.
No planning applications have been submitted at this time.
Tenancies
The ground floor of 774-776 Bristol Road is occupied by two commercial tenants, The residential accommodation above is let on assured short hold tenancy agreements.
774A Bristol Road: M.H. Top Barbers are two years into a five year lease which is deemed to be inside the Landlord and Tenant Act 1954. The freeholder is negotiation with the tenant regarding early termination.
776 Bristol Road: Guest Carpets, are on a rolling contract, deemed to be inside the Landlord and Tenant Act 1954.
Unit 4, 1B and Unit 1B Elliott Road: Vacant
Proposal
Our client seeks expressions of interest and will consider offers made subject to planning and vacant posession. An expression of interest form is available to download.
Further information is available on request
All information is provided for guidance purposes only
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