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Agent's details

Lower Tower Street/Ward Street, B19

For sale: £2,000,000.00|30,000 Sq Ft|General Industrial, Industrial

Property details

FOR SALE£2,000,000.00
SIZE30,000 Sq Ft
ADDRESSLower Tower Street/Ward Street, Hockley, Birmingham, B19 3NL
TYPEGeneral Industrial, Industrial
TENUREUnder Offer, For Sale Freehold
POSTED ON16th February 2024

Description

Key Points

  • Freehold Tenure
  • 30,000 ft2 on 0.62 acres
  • Prominent Corner Position
  • Range of Industrial/Workshops
  • Provided Vacant or Tenanted
  • Near Birmingham City Centre
  • Summary

    Freehold Industrial / Development Opportunity - 30,000 ft2 on 0.62 acres approx. Can Be Sold Vacant or Tenanted (£150,000 PA excl.)

    Description

    The property comprises of a range of industrial/workshop buildings on the corner of Lower Tower Street and Ward Street.

    The premises are currently used for industrial manufacturing purposes however are suitable for potential redevelopment, subject to planning.

    Location

    The property is located in a prominent position on the corner of Lower Tower Street and Ward Street, Birmingham.

    The premises are located just off Newtown Row forming part of Birmingham’s Middle Ring Road and providing direct access to all main arterial routes running in and out of Birmingham City Centre, to include the A38M Aston Expressway which in turn provides access to Junction 6 of the M6 Motorway, approximately 2 miles North-East.

    Birmingham City Centre lies approximately 1 mile to the south of the subject premises.

    The property is situated in the Gun Quarter, an up-and-coming area of Birmingham currently experiencing a period of change due to significant investment and redevelopment projects.

    Price / Tenure

    Offers in excess of £2,000,000 are sought for the freehold interest, subject to contract.

    VAT

    All prices quotes are exclusive of VAT which may be payable.

    Tenancy / Vacant Possession

    The property can be sold either with Vacant Possession (providing for a delayed completion of 6 months) or tenanted in its entirety to R&E Presswork Limited on a new 3 or 5 -year lease at a rent of £150,000 per annum, exclusive.

    We feel the property will be suitable for an owner occupier or development purposes and therefore the exact terms of the lease are open to negotiation between the parties.

    Tenure

    Both properties are held Freehold Tenure.

    Planning Use

    The property is located within an area that is zoned for predominately industrial and other commercial uses.

    However, the immediate area has seen a rise in development over recent years with a number of high profile residential and student accommodation schemes being completed or under construction within close proximity.

    Prospective purchasers should make enquiries with Birmingham City Planning Department.

    Services

    We understand the property is connected to all main services.

    The agents have not inspected nor tested the services and parties are advised to carry out their own investigations.

    Energy Performance Certificate

    Energy Performance Certificate is available upon request from the agent.

    Anti-Money Laundering

    In accordance with Anti Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

    Viewings & Further Information

    Viewings are strictly via the sole selling agent Siddall Jones.

    Location

    marker
    Location: Lower Tower Street/Ward Street, Hockley, Birmingham, B19 3NL

    Birmingham Snow Hill (0.5 miles)

    Jewellery Quarter (0.6 miles)

    Birmingham Moor Street (0.8 miles)

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