This development site presents a unique opportunity for those looking to invest in a rapidly evolving area. The property comes with approved planning permission for the construction of a block featuring five residential apartments, making it an appealing project for developers or investors seeking to capitalize on the growing demand for housing in Birmingham.
Situated on Pershore Road, this location benefits from close proximity to key amenities, including the University of Birmingham and Queen Elizabeth Hospital. This strategic positioning not only makes it attractive to potential tenants, particularly students and young professionals, but also contributes to its strong rental market and potential for capital appreciation over time.
The surrounding neighborhoods of Selly Oak and Stirchley are experiencing significant transformations, with an influx of independent shops, cafés, and bars that enhance their appeal. These areas are becoming increasingly sought-after, further driving demand for quality housing options. With easy access to major roadways like the A38 and convenient public transport links, residents can easily reach Birmingham city center and beyond.
The property is equipped with essential utilities such as electricity, gas, and water connections that have already been accounted for in the sale. Additionally, there's potential for expanding the project by increasing the number of units subject to further planning approval.
This sale will be conducted through a Special Purpose Vehicle (SPV), allowing for minimal stamp duty at just 0.5% based on share transfer rather than traditional property transactions. This could offer substantial savings for the buyer while facilitating a straightforward acquisition process.
Overall, this offering stands out due to its combination of location benefits and development possibilities—ideal for investors ready to take advantage of Birmingham's evolving landscape. Viewing appointments are necessary to explore this promising opportunity further.
