Property Information
Address:
59-60, Water Street, Birmingham
, B3 1EP
Price: Property no longer available.
Size: 2163 sq ft201 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH598335
Property Ref/Agent: Water Street, Jewellery Quarter
*Please use the agent ref when calling the agent directly.
Property description
OFFICE PREMISES within the HEART OF THE JEWELLERY QUARTER with POTENTIAL subject to planning - TOTAL (GIA) – 2,163 SQ FT (200.94 SQ M) approx
Location
The property is situated on Water Street being located directly off Ludgate Hill which runs directly between St Pauls Square and Great Charles Street Queensway.
The property is only a short walk from Birmingham City Centre and offers excellent communication links with the A38(M) Aston Expressway under 1 mile away.
The immediate area is well served by public transport with regular bus services and being within close proximity to Snow Hill and New Street Railway Station.
Description
A unique opportunity to purchase a City Centre freehold office premises previously comprising a pair of traditional cottages and providing scope for residential redevelopment (subject to obtaining planning consent).
The property is offered with vacant possession with the exception of the ground floor at 60 Water Street which is let to Eon (formerly Midlands Electricity Board) on a lease for a term of 99 years from 20h March 1980 at a peppercorn rent.
The property overlooks the Birmingham & Fazeley canal to the rear with the ground floor comprising reception hall with under stair storage and access to a small courtyard, two offices, staff room, kitchen and toilet.
The first floor comprises a landing with three further offices and toilet.
Externally the courtyard provides access to the canal towpath.
Accommodation
TOTAL (GIA) – 2,163 SQ FT (200.94 SQ M) approximately.
Price / Tenure
Offers in the region of £500,000 are sought for the freehold interest in this property.
Planning
The property was originally constructed as a pair of semi-detached cottages. Planning consent was granted on 27th September 1984 for conversion of the property to offices including refurbishment and extension works.
The property may be suitable for alternate uses including residential conversion potentially back to a three-bedroom cottage and apartment and all interested parties should discuss any proposals which they may have with the local planning department.
VAT
We understand that the property is not elected for VAT.
Legal Costs
Both parties to bear the cost of their own legal and surveyor’s fees incurred during the transaction.
Energy Performance Certificate
Available on request.
Viewing
Strictly via the sole agent Siddall Jones on 0121 638 0500.
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