Former Ivy Leaf, 2296 Coventry Road, Sheldon, Birmingham, B26 3JR
A 0.75 acre (0.30 hectares) approx. residential development opportunity, with planning consent for development of 50 apartments and ground floor retail unit in Sheldon
Guide price*
£1,250,000+
Plus fees
Lot information
Land/Development
Auction details:
Wednesday 11th December 2024 @ 08:30AM
A 0.75 acre (0.30 hectares) approx. residential development opportunity, with planning consent for development of 50 apartments and ground floor retail unit
Property Description
The site which extends to approximately 0.75 acre, currently comprises of a former social club building which comprises of part three storey, part single storey masonry with a mixture of flat and barrelled roofs over. The property extends to 32,670 sq.ft. (3,035 sq.m.) occupying a prominent position fronting the main A45 Coventry Road. The site has planning permission granted under 2021/06275/PA for the demolition of the existing structures and the creation of 50 apartments, a ground floor retail unit and associated parking.Location
The site is located fronting the Coventry Road (A45) in the Sheldon area of Birmingham. The location provides easy access to Birmingham International Airport and Train Station, the National Motorway Network at M42 junction 6 and arterial access to both Birmingham city centre, Coventry city centre and Solihull town centre.In addition to its direct transport links to Birmingham City Centre and Solihull, future plans include sprint network routes to HS2, making journeys to London in just 49 minutes.
Site Area
0.75 acre (0.30 hectares) or thereaboutsPlanning
On 19/10/2022, under application number 2021/06275/PA, consent was granted for the demolition of former Ivy Social Club and erection of 50 apartments (1 and 2 beds), a retail unit and associated parking and ancillary works. Other schemes may be deemed suitable, and all planning enquiries should be directed to Birmingham City Council planning department on 0121 303 1115.Services
Certain mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,160 inc VAT (£1,800.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
