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Beaconview Rd - The Mill Public House

0.58 Acres of Residential Land Offered at £580,000 in West Bromwich B71 3NX

Investment Highlights

  • Freehold residential development site with planning permission
  • Consented scheme for 22 x 2 bedroom & 10 x 1 bedroom apartments
  • Consent for development of 32 apartments – all conditions discharged
  • Advised Gross development value of circa £4,000,000

Executive Summary

Offers in the region of £580,000 for the freehold interest.

Attachments

Brochure

Property Facts

Price £580,000
Sale Type Investment
Sale Conditions Development Sale
Tenure Freehold
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.58 AC

1 Lot Available

Lot

Price £580,000
Price Per AC £1,000,000
Lot Size 0.58 AC

The proposed development will comprise a detached, six storey apartment building providing 32 x apartments in a mix of 10 x one bedroom and 22 x two bedroom apartments, along with 38 car parking spaces. A breakdown of individual built values showing

Description

The site comprises residential development land extending to approximately 0.237 hectares (0.587 acres) or thereabouts. Previously it was the site of The Mill public house which has been demolished and now affords an irregular shaped parcel of land with frontage to Beaconview Road to the east and Wyndmill Crescent to the north.

  • Listing ID: 31618541

  • Date on Market: 26/04/2024

  • Last Updated:

  • Address: Beaconview Rd, West Bromwich B71 3NX

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