Corner property with plans for eight apartments
A Large corner property in an inner city Birmingham suburb with planning permission for conversion into eight apartments will attract bidders’ interest at Bond Wolfe’s auction next month.
The detached, triangular and arrow-shaped property at 297-299 Rotton Park Road in Edgbaston has been listed with a guide price* of £297,000+ in the livestreamed auction on Wednesday 9 February.
The vacant freehold property, which was most recently a windows, doors and hardware business known as Cavendish House, lies on the junction with Cavendish Road.
James Rossiter, an auction valuer at Bond Wolfe, said: “This building was previously arranged as a ground floor retail shop with residential living accommodation above.
“The property is now in a shell-like state and needs complete refurbishment and repair, although it benefits from planning consents for extension and alteration to form eight one-bedroomed, self-contained apartments.
“As it stands, the ground floor has a former retail area, inner hall with cellar and two further rooms, with a landing and four rooms upstairs, while outside are front gardens and gated access to parking in the rear garden area.
“The right new owner could develop this lot into a high-yielding property with its position in a well-established residential area within Edgbaston.”
The plot is near to City Road which has a range of local services and amenities, and not far from Hagley Road, which provides easy access into the city centre.
The planning consent was granted by Birmingham City Council for change of use from a shop and residential dwelling to eight self-contained apartments.
This included the erection of a two-storey side and rear extension and the installation of a new roof with dormer windows.
There was also previous planning for a conversion to a 10-bedroomed house of multiple occupancy – otherwise known as a HMO – which a buyer may be able to continue with subject to consents.
Mr Rossiter added: “The extension works seem to have been started although all parties will need to satisfy themselves that the works comply to planning and building regulations.”
The building is among 159 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday 9 February. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/, or email [email protected], or call 0121 312 1212 or 01902 928 510.
Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.