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For Sale Freehold Residential Development

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For Sale Freehold Residential Development CGI OF PROPOSED DEVELOPMENT FOR SALE FREEHOLD RESIDENTIAL DEVELOPMENT OPPORTUNITY LAND AT KINGFIELD HEATH BUILDING | 230 BRADFORD STREET | DIGBETH | 08449 02 03 04 avisonyoung.co.uk/15098 BIRMINGHAM B12 0RG HIGHLIGHTS > FREEHOLD SITE EXTENDING TO 1.43 ACRES (0.58 HECTARES) GROSS CGI OF PROPOSED DEVELOPMENT > PLANNING PERMISSION FOR THE DEMOLITION OF THE EXISTING KINGFIELD HEATH BUILDINGS AND ERECTION OF 237 RESIDENTIAL UNITS VARYING BETWEEN 5 AND 8 STOREYS TOGETHER WITH 71 CAR PARKING SPACES AND ASSOCIATED WORKS > APPROXIMATELY 0.5 MILES FROM THE BULLRING AND BIRMINGHAM CITY CENTRE AMENITIES UNCONDITIONAL OFFERS INVITED FOR THE THE SITE FREEHOLD INTEREST LAND AT KINGFIELD HEATH BUILDING 230 BRADFORD STREET | DIGBETH | BIRMINGHAM | B12 0RG LOCATION The property is situated in the Digbeth The site is within a short distance of several Situated only 0.9 miles from the property, district of Central Birmingham, around Ofsted rated schools, both primary and the station is the busiest in the UK, outside 0.5 miles south of the Bullring and other secondary. The property is situated in the of London with more than 140,000 people city centre amenities. More specifically heart of the local transport network. By road, passing through daily. The property is also the property is situated on Bradford Street the property is situated only 3.6 miles from 0.7 miles from Moor Street Station and with the rear of the site being accessed Junction 6 of the M6 motorway, 7.4 miles 1.1 miles from Snow Hill Station, both offering via Warwick Street. from Junction 3 of the M5 motorway and local stopping services. In February 2017, 9 miles from Junction 6 of the M42 HS2 was granted Royal Assent allowing Digbeth has a traditional industrial heritage motorway, via excellent local road phase 1 construction to begin. Journey times which is undergoing considerable residential connections from the A4540 ring road, from the proposed Curzon Street station redevelopment. Surrounding uses include A38 and A456. In 2015, Birmingham New (0.9 miles from the property) are proposed residential apartment schemes and various Street Station completed a £650 million to be reduced to 49 minutes. The property commercial properties to include car repair refurbishment and offers a recognised will benefit from the additional phase of specialists, manufacturing premises and interchange station with peak time journey the Midland Metro Tram extension which public houses. times to London of 1 hour 23 minutes. is proposed to stop at Deritend High Street. EMERGENT RESIDENTIAL AREA WITH A STRONG TRADITIONAL INDUSTRIAL HERITAGE LAND AT KINGFIELD HEATH BUILDING 08449 02 03 04 230 BRADFORD STREET | DIGBETH | BIRMINGHAM | B12 0RG avisonyoung.co.uk/15098 1 4 5 LOCATION 3 9 16 8 10 1 The Mailbox 2 The Hippodrome 6 2 7 15 3 The Cube 4 Brindleyplace and Ikon Gallery 11 13 5 Arena Birmingham 12 6 John Lewis & Partners 14 7 Birmingham New Street Station 8 Birmingham Symphony Hall, The Rep and ICC Birmingham 9 Paradise Circus 17 10 Birmingham Town Hall and Museum & Art Gallery 20 18 11 The Bull Ring 12 Selfridges 13 The Rotunda 14 Moor Street Station 19 15 St Philip’s Cathedral and Colmore Row 16 Jewellery Quarter 17 Birmingham Bus Station 18 Connaught Square 19 The Custard Factory THE PROPERTY 20 Fabrick Birmingham LAND AT KINGFIELD HEATH BUILDING 08449 02 03 04 230 BRADFORD STREET | DIGBETH | BIRMINGHAM | B12 0RG avisonyoung.co.uk/15098 BIRMINGHAM A truly global city and the second largest in the UK, Birmingham HOME OF THE will host the Commonwealth Games in 2022 and will benefit from MICHELIN improved accessibility with the delivery of HS2. STARRED 2022 RESTAURANTS COMMONWEALTH 4 GAMES RECORD YOUNGEST HOME TO YEAR CITY FOR INVESTMENT IN EUROPE WITH 75,000 No.1 IN 2017 AND COMPANIES IN THE UK FOR QUALITY 40% £120BN OF LIFE OF THE POPULATION REGIONAL ECONOMY MORE ACRES OF PARKLAND No.1 UNDER 25 [SOURCE: BOMF] THAN ANY OTHER UK CITY IN THE UK FOR [SOURCE: BOMF] [SOURCE: BOMF] INVESTMENT PROSPECTS OUTSIDE LONDON PHASE 1 OF HS2 WILL CONNECT [SOURCE: BOMF] LONDON EUSTON TO 5.8M BIRMINGHAM NEW 2017 STREET IN JUST PEOPLE IN THE WAS THE MOST SUCCESSFUL HEART OF THE MIDLANDS WEST MIDLANDS TOURISM YEAR IN HISTORY, ENGINE FOR GROWTH 49 [SOURCE: BOMF] WITH AND FIRMLY ESTABLISHED AS THE MINUTES UK’s 41.8m First FIRST VISITORS SPENDING SECOND IN THE UK FOR NEW £7.1BN BUSINESS START-UPS CLASS [SOURCE: WEST MIDLANDS CITY [SOURCE: BOMF] 4 UNIVERSITIES GROWTH COMPANY] LAND AT KINGFIELD HEATH BUILDING 08449 02 03 04 230 BRADFORD STREET | DIGBETH | BIRMINGHAM | B12 0RG avisonyoung.co.uk/15098 R E Garage T S E C Works L A DESCRIPTIONPH The boundary of the site is delineated in white The existing building comprises a derelict former 110.3m on the adjacent site plan and is measured to warehousing facility with floor plate covering the be approximately 1.43 acres (0.58 ha) gross. majority of the site. The high point of the site is 1 3 in the south east corner with levels falling across Warehouse The site currently comprises derelict buildings the site to a low point in the north west corner. 7 together with a surfaced yard with a primary 2 1 frontage to Bradford Street to the south and The current vehicular access is available from s k r o W further frontage to Warwick Street to the north. Warwick Street into the existing yard and also S M The west of the site is bounded by a residential via loading door access. We understand the apartment building at the intersection of Bradford proposed scheme to incorporate a primary 1 g 9 n 6 i 111.6m d W il A Street with Alcester Street and a derelict building vehicular access from Warwick Street, with u R B W s IC u K c S at 234-6 Bradford Street. secondary access from Bradford Street. a T b R Works A E E 79 T The east of the site is bordered by commercial premises and a conference and banqueting centre. 7 4 to 2 1.9m 46 > > > THE SITE FROM BRADFORD STREET WARWICK STREET ELEVATION ADJACENT PREMISES LB THE SITE 113.4m 23 Shelters 6 7 9 2 34 9 9 Shelter Cherish House BR 3 A 0 1 D FO RD Renaissance ST Court RE ET 0 1 1 o t 8 0 1 117.3m Sapphire Rea House 2 21 Conference & Banqueting Centre 2 1 1 8 4 1 Kinvara Heights 1 6 e c la P a e g R 1 3 e 7 P 4 1 o la t c 3 e 2 0m CGI10m OF 20PROPOSEDm 30m DEVELOPMENT 1 Rea ts h BRADFORD STREET IS SET IN THE HEART OF Court ig e B df d DIGBETH, ONCE BIRMINGHAM’S INDUSTRIAL QUARTER, NOW A HUB OF CULTURE AND CREATIVE ENTERPRISE. LAND AT KINGFIELD HEATH BUILDING 08449 02 03 04 230 BRADFORD STREET | DIGBETH avisonyoung.co.uk/15098 BIRMINGHAM | B12 0RG TENURE, PLANNING Tenure Planning Services The property is to be sold The property benefits from planning permission Prospective purchasers freehold in its current condition. for the demolition of the existing Kingfield Heath must satisfy themselves & SERVICES buildings and erection of 237 residential units in respect of the provision, The property is sold subject to varying between 5 and 8 storeys together with capacity and sustainability all third party rights, easements 71 car parking spaces and associated works in of all services and drainage and statutory designations accordance with planning application and should rely on their own currently passing. Ref 2016/08444/PA. enquiries with the relevant Prospective purchasers must statutory undertakers. The planning permission is subject to a Section 106 make their own enquiries in agreement which makes the following index this regard. linked provisions: > Affordable Housing Sum: £500,000 > Public Realm Sum: £125,680 CONTEMPORARY URBAN LIVING IN EUROPE’S YOUNGEST CITY. PROPOSED SOUTH WEST ELEVATION | BRADFORD STREET PROPOSED NORTH EAST ELEVATION | WARWICK STREET LAND AT KINGFIELD HEATH BUILDING 08449 02 03 04 230 BRADFORD STREET | DIGBETH | BIRMINGHAM | B12 0RG avisonyoung.co.uk/15098 METHOD OF SALE Sales Information Pack Interested parties are permitted to submit an offer on A Sales Information Pack is available via the more than one basis. Offers are to be submitted using Avison Young website: the bid proforma that is available within the data room. kingfieldheathbuilding.avisonyoung.co.uk The bid proforma, together with any supporting The technical data room has been compiled by Avison information, must be submitted to the selling agents Young in their capacity as advisers to the Vendor. This [email protected] has been compiled from information supplied by the and [email protected] Vendor and information available in the public domain. Our client reserves the right not to accept the highest The technical information is provided solely for use by or any offer received. recipients in considering their interest in submitting an offer for the acquisition of all or any part of the Property. Viewing Please be advised that plans, drawings and other All parties wishing to inspect the property are required information on the data site are protected by copyright, to make prior arrangements with Avison Young. patent and warranty laws. The information provided Avison Young request that interested parties do not should be used for consultations and illustrative attempt to gain access to the property outside of purposes only. Therefore no reliance should be placed CGIs OF PROPOSED DEVELOPMENT accompanied viewing inspections. We would request on the information or further copies made without the discretion in the event interested parties undertake permission of the copyright owner.
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