£1.2m Brum development site leads Bond Wolfe sale
A Birmingham development site guided at £1.2m is slated to go under the hammer in Bond Wolfe’s December auction.
Private propco Gemini Property secured consent in October 2022 to redevelop the former Ivy Leaf social club in the east Birmingham area of Sheldon.
The site, which covers almost 0.8 acres, has planning consent for demolition and redevelopment to build a three-storey block of 50 flats with a ground-floor shop and car parking. It was agreed that a war memorial which had previously been moved to a car park behind the building would be relocated to a prominent position at the front of the new development.
A Birmingham development site guided at £1.2m is slated to go under the hammer in Bond Wolfe’s December auction.
Private propco Gemini Property secured consent in October 2022 to redevelop the former Ivy Leaf social club in the east Birmingham area of Sheldon.
The site, which covers almost 0.8 acres, has planning consent for demolition and redevelopment to build a three-storey block of 50 flats with a ground-floor shop and car parking. It was agreed that a war memorial which had previously been moved to a car park behind the building would be relocated to a prominent position at the front of the new development.
James Mattin, managing director at Bond Wolfe, said: “This is a great oven-ready development opportunity in a highly prominent position with great access to the city centre and beyond.
“The Former Ivy Leaf will be offered for sale at our next auction unless a pre-auction sale is agreed.”
The existing proposal, under application number 2021/06275/PA, is for demolition and development of one block of 35 flats and another of 15. Four flats were earmarked for affordable housing and it was agreed that a further four homes would be sold at a discounted rate.
Sheldon Retail Park is within walking distance of the site and is anchored by Marks & Spencer Food and Morrisons with additional occupiers including B&M and The Gym Group.
Gregg Morgan, property director at Gemini Property, said: “We are focusing our efforts on the existing portfolio having acquired the Abberley Hall Estate this year, plus we are in the process of working up a 100,000-plus sq ft scheme at one of our Kidderminster business parks.”
Image from Bond Wolfe
