Land & Buildings, Caroline Street 5 Properties Offered at £2,250,000 in Birmingham

The opportunity comprises land and buildings extending over a 0.37 acre site in the heart of the Jewellery Quarter, Birmingham. The site consists of a series of street frontage buildings with associated back buildings, including 18 Regent Parade, 65, 66/67 & 68 Caroline Street and 60-70 Regent Place.
Planning granted on 19th March 2020 for Change of Use, Alterations and Extensions to Existing Building to provide Thirty-Seven Apartments and Ground Floor Commercial (B1/A1/A3 Uses)
Once developed, the property will provide Six Commercial Units, together with Nineteen x 1 Bedroom Flats and Eighteen x 2 Bedroom Flats
The property is situated within the Birmingham Jewellery Quarter, home to more than 100 retailers, diamond dealers, as well as the Museum of the Jewellery Quarter
The property is situated within the Jewellery Quarter Conservation Area
Prime site in the heart of the Jewellery Quarter with possible potential for both residential and commercial redevelopment
Significant strip-out works already undertaken
To be sold with Vacant Possession
Freehold
Planning:
Local Authority: Birmingham City Council Website: www.birmingham.gov.uk
The property is offered with planning consent and listed building consent for 'change of use, alterations and extensions to existing buildings to provide 37 apartments and ground floor
commercial B1/A1/A3 uses with associated works including demolition of courtyard buildings, erection of replacement 3 & 4 storey buildings, additional floors to 18 Regent Parade, 68 Caroline Street and retained courtyard building'
Planning Permission Reference - 2019/04424/PA
Planning Permission date granted 19th March 2020
Listed Building Consent Reference - 2019/04682/PA
Listed Building Consent date granted - 5th December 2019
The Property may benefit from an implemented planning permission and interested parties are advised to undertake their own due diligence
Once developed, the property will comprise 6 Commercial Units on the ground floor,together with 37 self contained Flats (Nineteen x 1 Bedroom Flats and Eighteen x 2 Bedroom Flats)
Plans:
We have attached a pricing spreadsheet for the proposed apartments which includes sizing (please do your own due diligence with regards to this).
Furthermore, I’ve had a quick look at the planning portal and found the attached residential schedule and plans for the 6 commercial units.

It would appear the 6 proposed commercial units measured as follows:
C1: 46 sq m
C2: 112 sq m
C3: 43.5 sq m
C4: 70 sq m
C5: 68.5 sq m
C6: 77.5 sq m
Total: 417.5 sq m / 4493 sq ft

Resdentiali appears to be c2,374 sq m / 25,553 sq ft NIA

So, a total of c30,000 sq ft NIA on the proposed / lapsed scheme.


Offers in excess of £2,250,000 (subject to contract)