Valuable development opportunity on one-acre site in Solihull at next Bond Wolfe auction

An exciting development opportunity on more than an acre of land in one of the most sought-after parts of West Midlands is coming up in Bond Wolfe’s auction this month.

The valuable lot known as Colebrook Priory at 330-332a Priory Road in Shirley, Solihull will appear in the livestreamed auction on Thursday 13 July with a guide price* of £750,000+.

James Rossiter, senior auction valuer at Bond Wolfe, explained that the property, which has a varied history involving former corn mills, lies opposite Priory Fields Nature Reserve.

He said the freehold land and properties in the lot currently comprised of three dwellings on a site extending to 1.05-acres.

Mr Rossiter said: “There are three separate dwellings at 330, 332 and 332a Priory Road along with various outbuildings all included in this exciting lot.

“The site has the potential for development to have up to seven dwellings in addition to Colebrook Priory House, subject to obtaining the necessary planning consents.

“A previous planning application was made and supported by the Solihull Borough Council’s planning department, although this has since been withdrawn.

“The plot may also be suitable to continue with its existing use, however the dwellings would need some refurbishment.”

The sale is subject the existing assured shorthold tenancy at number 330, which is currently let out at £850 per calendar month, totalling £10,200 per annum.

Number 330 has a hall, two reception rooms, a rear lobby, breakfast kitchen and a shower room with toilet on the ground floor, with a landing, three bedrooms, one with an ensuite shower room and toilet, plus a further bathroom upstairs.

The other dwellings are currently vacant and include Colebrook Priory at number 332 which has a hall, three reception rooms, a dining room, kitchen, study, cellar and pantry on the ground floor.

On the first floor is a landing, up to five bedrooms, a bathroom with shower, and a separate toilet.

Number 332a has a utility entrance, kitchen with breakfast area, two reception rooms and a toilet on the ground floor.

Upstairs is a landing, three bedrooms, one with an ensuite bathroom, plus a further bathroom.

Outside the properties are gardens and a series of garages, a workshop, a car port and stables, with a large driveway that has separate access for both numbers 330 and 332.

Mr Rossiter added: “This is a valuable development opportunity on more than an acre of land in one of the most sought-after parts of West Midlands.

“There are various potential uses for the property, although all interested parties should make their own enquiries with Solihull Borough Council with regards to any proposals they might have.”

Colebrook Priory is just one of scores of properties appearing in Bond Wolfe’s auction which is due to start at 9am on Thursday 13 July.

The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.

For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.