Hamilton House, 2 Lawley Middleway, Birmingham, B4 7XL

Prime development opportunity opposite Eastside Locks

Property details

Type Land/Development
Tenure Long leasehold with circa 68 years remaining. There is potential to extend the lease term, subject to discussions with Birmingham City Council.
Price Offers in the region of £3,000,000
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Features
  • Prime development opportunity opposite Eastside Locks
  • Substantial industrial premises with offices, yard and car park
  • 29,000 sq ft (2694.16 sq m)
  • Long leasehold
Location
The property occupies a prominent position fronting the A4540 Lawley Middleway, Birmingham Inner Ring Road and provides a direct link to the A38(M) at Dartmouth Circus and Birmingham City Centre 1 mile to the West. The property sits in the direct vicinity of Eastside Locks and University Locks, part of the Eastside redevelopment, which forms part of the wider Birmingham Big City Plan. It is a vision to encourage and support Birmingham’s continuing transformation into a world class city. The expansion of the City Core eastwards will see opportunities for mixed-use development, including office, residential, learning and leisure space. Acting as the main focus, the Eastside City Park will deliver a linear route through the area joining a series of new squares and development opportunities. Future proposals for the new High Speed 2 rail terminus will provide a significant catalyst for regeneration.
Description

The property comprises a substantial industrial unit with prominent frontage to the inner ring road and being within walking distance to Eastside and the Science Park. The building comprises two storey brick-built office to the front with reception area and a number of cellular and open plan offices with welfare facilities. The rear warehouse is arranged across three bays being of portal frame construction with full height brick elevations surmounted by a pitched insulated roof incorporating translucent roof lights. The warehouse benefits from excellent eaves height, cranage, concrete flooring and high bay lighting. Two loading doors provide access to the rear yard off Great Brook Street. Externally the property benefits from a forecourt car park to the front and rear gated yard area providing valuable offstreet loading access.

Accommodation
29,000 sq ft/2694.17 sq m
Price
Offers in the region of £3,000,000 are sought.
Planning
The site is considered suitable for a variety of uses and there is excellent scope for redevelopment of the site, subject to planning consent. All planning enquiries should be directed to with Birmingham City Council on 0121 303 1115.
Tenancy
The offices at the property are let to AFJ Limited from 01/12/2021 and can be terminated with 30 days notice. The current rental income is £70,000 per annum, payable quarterly in advance.
VAT
We are advised that VAT is payable in addition to the purchase price.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.