Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: 63227 sqft

Key Features:

Location: • Nearest Station: Dartmouth Street Tram Stop • Distance to Station: 0.18600502345106298 miles

Agent Information: • Address: Nationwide

Full Description: A rare opportunity to acquire a substantial freehold commercial site extending to approximately 5,874 sq m (0.5874 hectares), offering both immediate income and significant development potential.<br /><br />The site is currently let to six tenants, producing a combined rental income of £163,200 per annum, providing an attractive income stream while plans for redevelopment are progressed.<br /><br />The land benefits from a previously approved planning application (Ref: DC/22/67454) for the proposed development of 125 residential apartments, including resident amenities, 60 on-site parking spaces and associated landscaping. Notably, the planning consent does not require any social housing provision, enhancing the overall development viability and profitability.<br /><br />The planning permission remains valid until 31 May 2027, allowing ample time for purchasers to prepare and implement a development strategy.<br /><br />This is an ideal opportunity for developers, investors, and property companies seeking a large-scale residential scheme with existing income, strong future potential, and a clear planning framework already in place.<br /><br />Disclaimer:<br />Please note that Open House Edgbaston has not carried out any checks on the current tenants or verified the rental income. Prospective buyers are advised to conduct their own due diligence through their conveyancer/solicitor to satisfy themselves regarding tenancy agreements, rental figures, and all related matters.<br /><br />Further information regarding tenancy schedules, planning documentation and site details is available upon request.<br /><br />