Land at School Street, Wolverhampton, WV1 4LF

Freehold residential development opportunity with full planning consent

Property details

Type Land/Development
Tenure Freehold.
Price Offers based on £2,250,000
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  • Freehold residential development opportunity with full planning consent
  • Cleared site with full planning consent for 113 apartments
  • City centre location
  • Access to complete data room available upon request
  • Freehold – offers based on £2,250,000
The site is located within Wolverhampton city centre and has good access to the city centre amenities, with a 5 minute walk to the main shopping core and super market. The site is also in close proximity to transport links, with a 10 minute walk to St George’s tram stop and 15 minute walk to Wolverhampton railway station. Infrastructure works to the Wolverhampton Interchange have resulted in the tram line and railway line stops being linked, providing an easier connection to Birmingham. Wolverhampton University is located within a 10 minute walk and the Wolverhampton Wanderers football stadium is a 15 minute walk where the Molinuex development sets out to link the public realm of the stadium, university and city centre. With the site’s convenient location within the city centre core of Wolverhampton and close proximity to transport links, together with the city’s university makes this ideal for residential development.

The site comprises a a cleared parcel of land formerly occupied by the now demolished, Network House. The site presents a fantastic opportunity to redevelop the site to complement the existing regeneration plans for the city centre. Benefitting from full planning consent for development of 113 apartments, the site will provide much needed city centre living accommodation in the most sustainable of locations. The consented scheme will provide 67 no.1 bedroom apartments and 46 no.2 bedroom apartments, along with 21 car parking spaces and 60 cycle spaces. The proposed building will be 6 storeys, stepping down to 4 storeys.

See brochure for proposed accommodation.
Offers based on £2,250,000 are sought for the Freehold interest.
On 30th September 2018, under application number 19/00807/FUL, full planning consent was granted for the demolition of the existing building and erection of a six storey building comprising 113 dwellings and associated works. The proposed development will comprise 67 x 1 bed apartments and 46 x 2 bed apartments. Access to a full data room can be made available to prospective purchasers via the sole selling agents, Bond Wolfe.
We are advised that VAT is applicable and will be payable in addition to the purchase price.
We have been informed that all mains services are connected to the site, but prospective purchasers should still make their own independent enquiries as to the suitability of the services for their particular requirement.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of any funding will be required from the successful purchaser.