Features
- Freehold site with residential planning consent
- Plans approved for the development of 28 residential apartments
- Site area – 0.5 acres (or thereabouts)
- Further plans submitted for alternative scheme of 45 residential apartments
- Freehold – offers in excess of £550,000 plus VAT
Description
A triangular shaped site measuring approximately 0.5 acres with prior approval not needed for the development of 28 residential apartments, and awaiting planning decision on an alternative 45 residential unit scheme. This land plot can also lend itself to a variety of other uses such as retail, care, industrial or storage (STP). Comprising a vacant two-storey former office building measuring approximately 22,500 sq ft internally. The site - with a single access from Moor Street - is bounded by Moor Street, the adjacent Albion Works and the canal.
Location
Situated on the corner of Moor Street and Addison Road, Brierley Hill, the site occupies a highly prominent position forming part of the south-west gateway into Dudley town centre. The land further benefits from extensive frontage to the Stourbridge Extension Canal. Conveniently located near to shops and amenities, the site offers access to both the A4036 (Merry Hill) and A491 (Camp Hill) within five minutes by car.
Tenure
Freehold
Price
Offers in the region of £550,000 are sought for the freehold interest.
Planning
Previous permitted development for the construction of 28 residential apartments under application number P15/1308/PN3O by Dudley Metropolitan Borough Council. Further plans have been submitted to Dudley Metropolitan Borough Council for the development of 45 residential apartments under application P20/1705.
Services
We understand that all main services are connected to the property but have not been tested by Bond Wolfe.
VAT
We are advised that VAT is payable in addition to the purchase price.
Legal Costs
Each party is to be 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.
