445-447 Hagley Road, Birmingham, West Midlands, B17 8BL

Guide Price* : £1,150,000

Former Care Home with Development Potential (subject to planning)

  • Former Care Home with Development Potential (STP)
  • Offered with Full Vacant Possession
  • Large Site of 0.31 acres (0.13 hectares)
  • Rare Freehold Tenure
  • 9,149 sq ft (850 sq m)*

Description

The property comprises a former 22 Bedroom care home arranged across ground, first and second floors. The ground and first floors provide living accommodation whilst the second floor includes office space.

The property was originally two, semi-detached, houses but when the use was changed to a care home the properties were combined. However each of the properties still retains a separate access.

There is a large garden to the rear as well as an area of hardstanding formerly used for car parking. This rear land benefits from access to a small lane leading to Barnsley Road. We consider that development of this rear land into residential accommodation could be possible (subject to obtaining the necessary consents).

Location

The property is situated with a frontage to Hagley Road, a principal arterial route leading from Birmingham City Centre, through Edgbaston (where the property is located) and to the M5 motorway.

Hagley Road is mostly used as both residential and hotel accommodation, with the principal retail amenities being approximately two minutes walking distance on Bearwood Road.

The property is available Freehold, which is rare for Hagley Road where mist properties are held Long Leasehold.

Tenure

Freehold

Planning

Whilst there are no current planning consents in place regarding the property. We consider there are multiple development opportunities, all of which would be subject to planning. These include:

- Splitting of the property and conversion to provide two residential houses
- Conversion to residential flats
- Extension of the existing buildings to the rear
- Creation of new additional accommodation to the rear of the property

Previous plans for an extension to the rear of the property were drawn up, creating an additional 16 bedrooms for the existing care home. These plans were not submitted but are available for illustrative purposes upon request.

VAT

The property is not elected for VAT

Note

*Floor Areas are estimates and not to be relied upon.

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton June 2022

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.