Development Opportunity at, 43 Cliveland Street, Jewellery Quarter, B19 3SH

Development opportunity in Jewellery Quarter, Birmingham

Guide price*

£775,000+

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Lot 101 Land/Development
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Auction details:

Thursday 21st July 2022 @ 09:30AM

Holte Suite, Aston Villa FC.

A Unique Freehold Development Opportunity Close To Birmingham City Centre With Planning Permission For 20 Apartments And 3,574 SQFT (332.03 SQM) Of Commercial Accommodation

Property Description

43 Cliveland Street offers a unique chance to acquire a residential and mixed commercial development opportunity within the Jewellery Quarter, close to Birmingham City Centre and with canal side views. The planning permission permits 10 one bedroom and 10 two bedroom apartments together with ground floor commercial unit.

Location

The site is located to the northern side of Cliveland Street between it's junctions with Lower Loveday Street and Hanley Street, within Birmingham's Jewellery Quarter. The area continues to undergo considerable investment and regeneration and many of the former industrial buildings within the vicinity have been converted or redeveloped to provide a mix of independent business's and creative workshops. There has been significant development of modern apartment blocks and a flourishing food and drink scene and a heritage that attracts visitors from far and wide, the Jewellery Quarter has established itself as a global destination, and is close to everything Birmingham City Centre has to offer.

Energy Performance Rating

C

Tenure

Freehold – Vacant possession upon completion.

Planning

The property is offered with the benefit of full planning permission, application number 2021/05154/PA granted by Birmingham City Council on the 18th November 2021, for the demolition of the existing building and erection of a six storey development comprising 20 one and two bedroom apartments and ground floor commercial unit for a class E use.
There are 10 proposed one bedroom apartments and 10 two bedroom apartments. A copy of the planning permission associated drawings together with section 106 agreement details will be available for inspection within the legal pack.

Services

Mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.

Ground Conditions & Contamination

Prospective buyers must undertake their own investigations with regard to ground conditions and contamination and fully satisfy themselves as to the suitability of the site for any use they may propose.

Plans/Aerial Photographs

Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of way, wayleaves, easements, restrictive covenants etc.

The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. which may exist whether mentioned in these particulars or not.

Value Added Tax

We understand VAT is applicable on this transaction. We understand VAT is applicable on this transaction.

Auctioneer's Note

Please note no offers will be considered prior to the Auction Sale.

Viewings

The property comprises a complete development opportunity and in this respect viewings are to be external only.

Accommodation

[b]Proposed Floor Areas[/b]
Sq.m. Sq.Ft.
Floor GIA Sqft GIA Sqm
Ground Floor 4,871 452.5
First Floor
(4 Apartments)
3,261 303
Second Floor
(4 Apartments)
3,261 303
Third Floor
(4 Apartments)
3,261 303
Fourth Floor
(4 Apartments)
3,261 303
Fifth Floor
(4 Apartments)
3,261 303
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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