Jewellery Quarter Birmingham B3 1Tu the Pressworks B3 Home Summary Description Location Planning & Development Terms Contact
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PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE THE PRESSWORKS, 33-44 NORTHWOOD STREET JEWELLERY QUARTER BIRMINGHAM B3 1TU THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT SUMMARY Manufacturing premises with integral offices extending to approximately 21,830ft2, occupying a 0.27 acre site. Planning permission for a 4-storey new build scheme to provide 48 high quality residential apartments totalling 33,412ft2 NSA. 41 apartments for private sale with remaining 7 apartments comprising on-site affordable housing. Located on a sought after street in the prestigious and highly desired Jewellery Quarter area of Birmingham city centre. Situated approximately 0.4 miles from Birmingham Snow Hill railway station and 0.8 miles from Birmingham New Street railway station. Offers are invited in excess of £3,000,000 for the freehold interest. THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT DESCRIPTION An opportunity to develop a scheme comprising of 41 private apartments and 7 on-site affordable dwellings in one of Birmingham’s most sought after residential locations. The site is currently occupied by a metal manufacturing premises incorporating an attractive Grade II listed terracotta building with frontage on to Northwood Street. The existing premises extend to approximately 21,830ft2 (excluding a small mezzanine floor) and the building is arranged as a part single part two storey factory with three storey offices to the front. The building benefits from a yard/car park with gated access on to Northwood Street. The total site extends to approximately 0.27 acres. The site benefits from planning consent for redevelopment with the Grade II listed building to be retained and incorporated into the approved residential scheme with the remainder of the premises demolished to facilitate the new build development. The site is bounded by existing walls to the north east and south east which are to be retained as part of the redevelopment. THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT LOCATION The property is situated on the southern side of Northwood Street, a short distance to the north of the attractive and historic St Paul’s Square. The Jewellery Quarter is recognised as one of the most attractive and desirable residential areas of Birmingham and is excellently located for quick access to Birmingham city centre. The property’s surroundings predominantly consist of high-quality residential, commercial and industrial uses. The Jewellery Quarter’s popularity as a residential destination is shown through the presence of over 80 restaurants, bars and cafés which are within a short walking distance of the subject property and are focused largely around St Paul’s Square. The Jewellery Quarter is a designated conservation area, proposed World THE MAILBOX SNOW HILL WHARF Heritage Site and is considered to be the home of British jewellery with an estimated 40% of British jewellery being made in the Quarter every year. The property is well located for numerous attractive public squares including The Golden Square, St Paul’s Square and Dayus Square. Birmingham’s financial Journey times from centre, the Colmore Business District, is also within close proximity to the Birmingham Snow Hill are as follows: subject site and is located 0.5 miles away. London Marylebone 1h 47m - Over 20 services a day The nearest railway station is Birmingham Snow Hill, situated approximately 0.4 miles from the property, providing National Rail services to London Journey times from Marylebone and the wider West Midlands. Birmingham New Street is also Birmingham New Street are as follows: located only 0.8 miles from the property providing unparalleled National Rail connections to the whole of Great Britain. London Euston 1h 24m - Over 100 services a day Edinburgh 4h 6m - Over 20 Services a day VIEW LOCATION MAP VIEW AREA MAP Manchester Piccadilly 1h 27m – Over 30 services a day Cardiff Central 1h 53m – Over 15 services a day THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT BIRMINGHAM SNOW HILL BIRMINGHAM MOOR STREET BIRMINGHAM NEW STREET THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT Unit Floor Description NSA m2 NSA ft2 1 Ground 2 Bedroom Duplex Apartment 101 1,087 2 Ground 2 Bedroom Duplex Apartment 103 1,108 3 Ground 1 Bedroom Apartment 48 516 4 Ground 2 Bedroom Apartment 79 850 5 Ground 2 Bedroom Apartment 64 690 6 Ground 2 Bedroom Apartment 64 690 7 Ground 2 Bedroom Duplex Apartment 103 1,108 8 Ground 1 Bedroom Apartment 46 495 9 Ground 1 Bedroom Apartment 63 678 10 Ground 1 Bedroom Apartment 63 678 11 Ground 1 Bedroom Apartment 63 678 PLANNING & 12 Ground 1 Bedroom Apartment 52 560 13 Ground 2 Bedroom Apartment 75 807 14 First 2 Bedroom Apartment 76 818 DEVELOPMENT POTENTIAL 15 First 2 Bedroom Apartment 80 860 16 First 2 Bedroom Apartment 64 690 The property was granted detailed planning permission in November 2019 17 First 2 Bedroom Apartment 64 690 18 First 1 Bedroom Apartment 46 495 (under references 2019/00964/PA & 2019/01004/PA) for part demolition 19 First 2 Bedroom Apartment 64 690 of existing buildings and erection of new part three and part four storey 20 First 2 Bedroom Apartment 64 690 buildings, conversion and refurbishment of retained buildings to provide 48 21 First 2 Bedroom Apartment 77 829 one and two bed apartments and associated cycle parking and landscaped 22 First 1 Bedroom Apartment 56 604 23 First 1 Bedroom Apartment 50 538 courtyards. 24 First 2 Bedroom Apartment 73 784 25 Second 2 Bedroom Apartment 82 882 The proposed scheme comprises 15 x 1 bedroom, 23 x 2 bedroom and 3 x 2 26 Second 1 Bedroom Apartment 41 441 bedroom duplex apartments, with an additional 7 apartments designated 27 Second 1 Bedroom Apartment 56 604 2 28 Second 2 Bedroom Apartment 79 850 as on-site affordable dwellings. The development as a whole totals 33,412ft 29 Second 2 Bedroom Apartment 64 690 NSA across Ground to the Third floor with frontage on to Northwood Street. 30 Second 2 Bedroom Apartment 64 690 31 Second 1 Bedroom Apartment 46 495 We understand that the Section 106 requires 7 dwellings to be sold at 70% of 32 Second 2 Bedroom Apartment 64 690 their Open Market Value in perpetuity. The units should comprise of 3 x 1 33 Second 2 Bedroom Apartment 64 690 34 Second 2 Bedroom Apartment 61 656 bedroom and 4 x 2 bedroom apartments, the location of which will be agreed 35 Second 1 Bedroom Apartment 56 604 once construction commences. 36 Second 1 Bedroom Apartment 50 538 37 Second 2 Bedroom Apartment 73 784 38 Second 2 Bedroom Apartment 64 690 39 Third 1 Bedroom Apartment 41 441 40 Third 1 Bedroom Apartment 56 604 41 Third 2 Bedroom Apartment 79 850 42 Third 2 Bedroom Apartment 64 690 43 Third 2 Bedroom Apartment 64 690 44 Third 1 Bedroom Apartment 46 495 45 Third 2 Bedroom Apartment 64 690 46 Third 2 Bedroom Apartment 64 690 47 Third 1 Bedroom Apartment 50 538 48 Third 2 Bedroom Apartment 73 784 Total 3,104 33,412 APPROVED ACCOMMODATION SCHEDULE THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT TENURE The property is to be sold freehold. TERMS THE PRESSWORKS Offers are invited in excess of £3,000,000. VAT We understand that the property is not elected for VAT. ADDITIONAL INFORMATION Further information can be found within our dataroom using the access code ‘Pressworks’. THE PRESSWORKS B3 HOME SUMMARY DESCRIPTION LOCATION PLANNING & DEVELOPMENT TERMS CONTACT Paul Heale William Cox 020 7183 2529 0121 634 6561 [email protected] [email protected] Chris Incledon Keir Salter 020 7183 2529 0121 634 6561 [email protected] [email protected] Kingsbury, First Floor, 81 Alie Street, London E1 8NH 45 Church Street, Birmingham, B3 2RT.