Residential/Retail Redevelopment Opportunity on behalf of MJ Cowlishaw & DJ Langton, Joint Administrators
The premises comprise a vacant four storey property, situated within the historic Jewellery Quarter. The property benefits from a prominent corner frontage on to Vyse Street and Great Hampton Street. The property falls within the Jewellery Quarter conservation area boundary.
The property is well placed for all local amenities, access to the M6 and wider national motorway network via the A4540. The property is also located within close proximity to the Jewellery Quarter railway and metro stations.
The site is held freehold however a section of the property on the 1st and 2nd floor is let on a 150 year lease from September 2004 to Vyse Development Services Limited. The ground rent received is £100 per annum.
Planning permission was granted in 2016 for conversion of the existing building to provide two retail units and a car parking area at ground floor level and 14 flats above, together with a fourth floor roof extension and external alterations. (Ref: 2016/00772/PA). We understand the property has a Gross Internal floor area in the order of 26,000 sq ft.
The Administrators are seeking unconditional offers for the freehold interest.
There is no guide price.
Interested parties are to rely on their own investigations as to the availability and capacity of services. Data room access can be provided if further information is required. Please note, however, the availability of documents are for information only. Interested parties should rely on their own investigations and enquiries when formally submitting an offer.