• Size:
    Undisclosed
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Flats
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

Usages: Residential

Short Description:
Colliers International is pleased to present this exciting Freehold Residential Development Opportunity in the regional town centre of Blackheath, Rowley Regis with full planning consent for 39 residential apartments.

Key Features:
Prominent site fronting the B4171 Birmingham Road
Close to Blackheath Town Centre and Rowley Regis Railway Station
Freehold: 0.86 acres
Full planning consent for 39 residential apartments
No Section 106 liability
Anticipated Gross Development Value of GBP4.2 million

Description:
The property comprises a Freehold former day centre on a flat, broadly rectangular site of approximately 0.86 acres.
The existing building extends to approximately 14,509 sq ft and is of brick construction over two storeys with a central courtyard and 14 car parking spaces.
The site has frontage to Birmingham Road on its western boundary and is currently accessed via George Avenue to the east.

Planning:
The property benefits from full planning permission for extension and conversion to 39 residential apartments with associated landscaping and car parking, to include:
36 x 2 bedroom apartments
3 x 1 bedroom apartments
33 car parking spaces
We understand that there is no Section 106 liability and no Affordable Housing requirement associated with the planning permission.
The proposed apartments are a generous size of 602 sq ft for one beds and 645 sq ft to 796 sq ft for two beds, with a total development area of 23,661 sq ft.
Copies of all relevant plans, elevations and associated documents are available to inspect on the Sandwell Council website. Planning reference: DC/17/61157.

Tenure:
Freehold

Terms:
We are seeking offers in the region of GBP1,250,000 for the Freehold interest with the benefit of the extant planning consent for extension and conversion to 39 residential apartments.

The property is situated on a prominent site fronting Birmingham Road at its junction with the A4100, on the edge of Blackheath Town Centre.
The vicinity is predominantly residential, with a mixture of local amenities nearby in the town centre and around Rowley Regis Railway Station.
Blackheath is a well-established regional town. The local community is well served by national brands including Lidl, Sainsbury’s, Barclays, Wilko, Post Office, Blackheath Indoor Market and several bars & restaurants.
Blackheath Primary School, Rowley Village Nursery and the local Library are all within a 5 to 6-minute walk, with Blackheath Coronation Social Club opposite the site.
Britannia Park and the Britannia Pub & Brewery, recently refurbished and crowned Dudley and South Staffordshire Cider Pub of the Year 2019, is a 7-minute walk from the property.

The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.