A former bingo hall in Birmingham with two separate pre-planning approved schemes for up to 55 apartments has gone on the market for offers in excess of £1.7 million.
Top Midlands property agency Bond Wolfe is marketing the freehold residential development opportunity at 1 Streetly Road in Stockland Green.
The 0.48-acre site currently houses a vacant former bingo hall and cinema that extends to 20,715 sq ft on the ground, mezzanine, first and second floors.
James Mattin, managing director agency at Birmingham-based Bond Wolfe, explained that one of the pre-application approved designs was for a build-to-rent scheme of between 51 and 55 apartments in a mix of one, two and three-bedroomed layouts.
The other pre-application approved design was for 44 to 46 sheltered housing apartments for the over 55s, which included three lounges, a fitness studio, gym, laundry, staff and scooter rooms.
Mr Mattin said: “This is superb development opportunity in a prominent location at the junction of Streetly Road and Marsh Lane in Stockland Green, to the north of Birmingham city centre.
“The area generally contains dwellings with heights of two, three and more storeys, with the immediate neighboring buildings having substantial footprints, such as The Village Green Inn.
“The local area is very urban and built up, with the busy five-road junction being a focused centre for the district with many individual and local shops, pubs and restaurants.”
Stockland Green is approximately 4.5 miles north of Birmingham city centre on an arterial road connecting the northern suburbs, and around one mile from Junction 6 of the M6.
Other strong transport links include bus routes along Streetly and Slade Roads running north to south, and along Marsh Hill and Reservoir Road heading east and west, with Erdington Train Station under a mile away.
Mr Mattin added: “Good quality housing is needed in areas like this, and the plans for this property could provide a major opportunity for the right developer.
“As well as the two pre-application approved designs, alternative schemes may well be considered subject to planning consent.
“For example, the vendor has also previously had plans drawn up for a 61 to 63 unit scheme for housing associations, charities or other institutions focusing on short-term accommodation.”
This site is one of a number of development opportunities being bought to the market by Bond Wolfe, and interested parties can contact Mr Mattin on 0121 525 0600, 0121 524 1172 or by email at jmattin@bondwolfe.com.
