Standout Features
- Magnificent Development Opportunity
- 2 & 3 Bedrooms
- Full Planning for 24 Houses
- Convenient Location
- Buyers Fee Applicable
Property Description
*Development Opportunity* *Outline Planning Permission Granted for 24 New Houses*
A fantastic opportunity for a brand new development of two and three bedroomed houses within a convenient location that is less than four miles from Birmingham City Centre. Copeley Hill is a residential road close to spaghetti junction.
We have been advised the following by the current owner of land: Part of the planning permission conditions is the 106 payment of £105,343 is paid upon sale of the 8th dwelling. This payment is for off site open space improvements. The 106 contribution can be further reduced by the developer upon evidence of build costs etc.
Regarding the stamp duty there is none to pay as the purchaser is buying the company , GB Property link which owns the land as its only asset. All the paperwork , share agreements etc has been done and is sitting with solicitors.
The 2 beds will be circa £190,000 and the 3 beds circa £230,000.
A fantastic opportunity for a brand new development of two and three bedroomed houses within a convenient location that is less than four miles from Birmingham City Centre. Copeley Hill is a residential road close to spaghetti junction.
We have been advised the following by the current owner of land: Part of the planning permission conditions is the 106 payment of £105,343 is paid upon sale of the 8th dwelling. This payment is for off site open space improvements. The 106 contribution can be further reduced by the developer upon evidence of build costs etc.
Regarding the stamp duty there is none to pay as the purchaser is buying the company , GB Property link which owns the land as its only asset. All the paperwork , share agreements etc has been done and is sitting with solicitors.
The 2 beds will be circa £190,000 and the 3 beds circa £230,000.
Additional Information
Tenure:
Freehold
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55 Copeley Hill, Birmingham
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Sutton Coldfield
32 Beeches Walk
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