Property Information
Address:
59-61 Price Street, Gun Quarter, Birmingham , B4 6JZ
, B4 6JZ
Price: Property no longer available.
Size: SOA
Primary Category: Land
All Categories:
Land,
Property Ref/Movehut: MH624840
Property Ref/Agent: https:www.harrislamb.comproperties59-61-price-street-gun-quarter-birmingham
*Please use the agent ref when calling the agent directly.
Property description
Location:
The site is located on the Southern edge of what is known historically as the Gun Quarter or more recently as the St George and St Chad Quarter, to the north of Birmingham City Centre and St Chads Queensway. It is bounded by Price Street to the southeast, with access to Loveday Street to the south-west and to the rear and northern edge by a mix of residential and industrial buildings. The site is located in close proximity to Birmingham Children’s Hospital and about half a mile from Colmore Row and the Birmingham Business District. Birmingham will be hosting the Commonwealth Games in 2022 which will attract further investment and add to the dynamic growth already seen in Birmingham over the last 5 years.
Description:
The site currently comprises three existing properties – Partridge Court, Parker Hale buildings and Gunsmith House. These three properties are configured or have been divided over the years to provide individual workshops, offices and small warehouse units. Gunsmith House is to be a conversion from gun making workshops and offices to apartments. The current under croft vehicle access will be maintained to provide access to the resident parking area. The premises are part income generating and short-term income will flow from the properties during the sales process and remain in place upon completion of the sale for the purchaser’s benefit. The total income will be approximately £58,000 per annum exclusive across 8 No. tenancies, five at Partridge Court and one at Parker Hale and two in Gunsmith House. The profile of the tenancies is one where the latest lease expires on 23 June 2021 with others holding over as a minimum of 3 months required notice to quit.
There is also the potential for the purchaser to use a vacant workshop unit on site during construction as a site compound, as well as use for a site office; one the ground floor suites in New Buildings on Loveday Street, by arrangement.
Planning:
The site has approved outline planning permission for up to 69 residential apartments including a signed S106 Agreement. Details of the planning application can be found on the
Birmingham City Council Planning website
, application number 2019/03186/PA.
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