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ref: 24703

Freehold Residential Development Opportunity | Regis Lodge, Rowley Regis, West Midlands B65 9BD

Available
Marketing
Price
£1,250,000 (€1,425,625 approx)
Location
Regis Lodge, George Avenue, Rowley Regis, B65 9BD
Property Type
Development Opportunity
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KEY FEATURES



attribute
Prominent site fronting the B4171 Birmingham Road
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Close to Blackheath Town Centre and Rowley Regis Railway Station
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Freehold: 0.86 acres
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Full planning consent for 39 residential apartments
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No Section 106 liability
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Anticipated Gross Development Value of £4.2 million

LOCATION


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.


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 £1,250,000 for the Freehold interest with the benefit of the extant planning consent for extension and conversion to 39 residential apartments.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 23/11/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499