FOR SALE | FREEHOLD RESIDENTIAL DEVELOPMENT OPPORTUNITY*LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH | BIRMINGHAM B12 0PU

*SUBJECT TO OBTAINING NECESSARY PLANNING CONSENTS08449 02 03 04 avisonyoung.co.uk/15404

> FREEHOLD SITE EXTENDING TO CIRCA 1.75 ACRES (0.71 HA) GROSS

> LOCATED APPROXIMATELY 0.6 MILES FROM BULLRING AND OTHER BIRMINGHAM CITY CENTRE AMENITIES

> POTENTIAL FOR RESIDENTIAL DEVELOPMENT, SUBJECT TO PLANNING PERMISSION

> INFORMAL TENDER DEADLINE 12 NOON ON FRIDAY 31 JANUARY 2020

UNCONDITIONAL OFFERS INVITED FOR THE FREEHOLD INTEREST

HIGHLIGHTS

LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH BIRMINGHAM B12 0PU

THE SITE

The property is located in the Digbeth district of Central Birmingham, around 0.6 miles south of Bullring and other city centre amenities. Digbeth is a developing area less than a 15 minute walk from Bullring and Grand Central and has a fast emerging reputation as Birmingham’s Creative Quarter. Digbeth was recently named the ‘Coolest Neighbourhood in Britain’ by the Sunday Times and has a traditional industrial heritage which is undergoing considerable residential redevelopment.

Digbeth has several Enterprise Zones which will reinforce the areas economic activity. Both HS2 and Phase 2 of the Metro extension, which

is proposed to stop at Deritend High Street, will provide additional transport links transforming connections and boosting the regeneration potential of Digbeth.

More specifically, the property is situated on the corner of Cheapside, Moseley Street and Moseley Road. Surrounding uses include residential apartment schemes and various commercial properties and public houses. The site is within a short distance of several Ofsted rated schools, both primary and secondary. The property is situated in the heart of the local transport network. By road, the property is situated only 3.7 miles from Junction 6 of the M6 motorway, 7.5 miles from

Junction 3 of the M5 motorway and 9 miles from Junction 6 of the M42 motorway, via excellent local road connections from the A4540 ring road, A38 and A456. In 2015, Birmingham New Street Station completed a £650 million refurbishment and offers a recognised interchange station with peak time journey times to London of 1 hour 23 minutes. Situated only 0.9 miles from the property, the station is the busiest in the UK, outside of London with more than 140,000 people passing through daily. The property is also 0.8 miles from Moor Street Station and 1.2 miles from Snow Hill Station, both offering local stopping services. In February 2017, HS2 was granted Royal Assent allowing phase 1 construction to begin. Journey times from the proposed Curzon Street station (0.9 miles from the property) are proposed to be reduced to 49 minutes.

LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH BIRMINGHAM B12 0PU

EMERGING RESIDENTIAL AREA WITH A STRONG TRADITIONAL INDUSTRIAL HERITAGE

08449 02 03 04 avisonyoung.co.uk/15404

LOCATION

08449 02 03 04 avisonyoung.co.uk/15404

LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH BIRMINGHAM B12 0PU

1

2

8

9

3

4

5

6

7

10

11

12

13

14

15

16

17

18

The Mailbox

The Hippodrome

The Cube

Brindleyplace and Ikon Gallery

Arena Birmingham

John Lewis & Partners

Birmingham New Street Station

Birmingham Symphony Hall, The Rep and ICC Birmingham

Paradise Circus

Birmingham Town Hall and Museum & Art Gallery

Bull Ring

Selfridges

The Rotunda

Moor Street Station

Birmingham Bus Station

Connaught Square

The Custard Factory

Fabrick Birmingham

LOCATION

1214

17

16

18

15

11

6 7

89

10

2

54 3

1

13

THE SITE

LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH BIRMINGHAM B12 0PU

BIRMINGHAM

YOUNGEST CITYIN EUROPE WITH

40%OF THE POPULATION UNDER 25 [SOURCE: BOMF]

2017WAS THE MOST SUCCESSFUL TOURISM YEAR IN HISTORY, WITH

41.8mVISITORS SPENDING

£7.1BN[SOURCE: WEST MIDLANDS GROWTH COMPANY]

CITY POPULATION DUE TO GROW TO

1.3mBY 2040[SOURCE: BOMF]

HOME OF THE

2022COMMONWEALTH GAMES

HOME TO

75,000COMPANIES

MICHELIN STARREDRESTAURANTS5

FIRST CLASSUNIVERSITIES4

£120BNREGIONAL ECONOMY. [SOURCE: BOMF]

PUBLIC TRANSPORT INVESTMENT IN EXCESS OF

£3 BILLION[SOURCE: BOMF]

PHASE 1 OF HS2 WILL CONNECT LONDON EUSTON TO BIRMINGHAM NEW STREET IN JUST 49

MINUTES

A truly global city and the second largest in the UK, Birmingham will host the Commonwealth Games in 2022 and will benefit from improved accessibility with the delivery of HS2.

08449 02 03 04 avisonyoung.co.uk/15404

BIRMINGHAM IS THE

STRONGEST ECONOMYOUTSIDE LONDONWITH A GROWTH RATE OF

27.7% IN THE LAST FIVE YEARS [SOURCE: OFFICE FOR NATIONAL STATISTICS (ONS) GVA DATA] RANKED AS HAVING THE

HIGHEST QUALITY OF LIFE OF ANY ENGLISH CITY OUTSIDE THE CAPITAL (SOURCE: MERCER QUALITY OF LIVING REPORT 2018)

HEART OF THE MIDLANDS ENGINE FOR GROWTH AND FIRMLY ESTABLISHED AS THE UK’s SECOND

CITY

MOST POPULAR DESTINATIONFOR PEOPLE RELOCATING OUT OF LONDON THAN ANYWHERE ELSE IN THE COUNTRY (SOURCE: ONS, INTERNAL MIGRATION STATS)

DESCRIPTION The site extends to approximately 1.75 acres (0.71 ha) gross as detailed on the attached plan. The site currently comprises a vacant site with the benefit of frontage to Cheapside to the north, Moseley Street to the south and Moseley Road to the east.

Beyond the northern boundary of the site is a residential apartment building known as Avoca Court whilst a 6 storey residential development of circa 67 units is currently under construction to the south western boundary. The south, east and north western boundaries are bordered by adjacent commercial uses including a public house and offices situated on Moseley Road, a gym and public house on Moseley Street and a mechanical repair service located on Cheapside.

Buildings historically present upon the site have been demolished and the site currently comprises unbound hardcover of crushed demolition arising, localised hardstanding and scrub vegetation cover. The site slopes down from the east to the west and comprises three distinct plateaus which step from east to west separated by slopes.

The site benefits from four points of dropped kerb vehicular access available from all road frontages. Access points are available from Cheapside and Moseley Street with a further two vehicular access points available from Moseley Road.

THE SITE IS SET IN THE HEART OF DIGBETH, ONCE BIRMINGHAM’S INDUSTRIAL QUARTER, NOW A HUB OF CULTURE AND CREATIVE ENTERPRISE.

08449 02 03 04 avisonyoung.co.uk/15404

THE SITE MOSELEY ROAD THE SITE LOOKING EAST

> >

THE SITE FROM CHEAPSIDE

>

THE SITE IS SET IN THE HEART OF DIGBETH, ONCE BIRMINGHAM’S INDUSTRIAL QUARTER, NOW A HUB OF CULTURE AND CREATIVE ENTERPRISE.

THE SITE

LAND AT CHEAPSIDE/MOSELEY STREET DIGBETH | BIRMINGHAM B12 0PU

TenureThe property is to be sold freehold in its current condition.

The property is sold subject to all third party rights, easements and statutory designations currently passing. Prospective purchasers must make their own enquiries in this regard.

TENURE, PLANNING & SERVICES

POTENTIAL FOR CONTEMPORARY URBAN LIVING IN EUROPE’S YOUNGEST CITY.

ServicesProspective purchasers must satisfy themselves in respect of the provision, capacity and sustainability of all services and drainage and should rely on their own enquiries with the relevant statutory undertakers.

PlanningThe property falls within the jurisdiction of Birmingham City Council. The site may be suitable for residential development or mixed use development (subject to planning permission). Indicative development proposals have been prepared illustrating a residential scheme.

Further details are available upon the dedicated data room website for the property. Please note that plans provided are illustrative only and subject to planning and should be treated as such. Parties should make their own planning enquiries and satisfy themselves in this regard.250bradfordstreet.avisonyoung.co.uk

LAND AT CHEAPSIDE/MOSELEY STREET | DIGBETH BIRMINGHAM B12 0PU

CHEAPSIDE

MOSELEY STREET

Gov

ernm

ent O

ffice

s

(Soc

ial S

ecur

ity)

15

16

17

18

19

20

21

22

23

24

60

67

68

69

70

71

72

73

25

26

27

28

29

30

31

32

33

34

35

38

39

40

41

42

43

44

45

46

47

48

49

36

37

50

51

119

120

121

122

123

124

125

126

127

111

112

113

114

115

116

117

118

103

104

105

106

107

108

109

110

95

96

97

98

99

100

101

102

86

87

88

89

90

91

92

93

94

Plant(220m2)

Refuse(210m2)

73

74

75

76

77

78

79

80

81

82

83

84

85

128

129

130

131

132

133

134

135

136

137

Total137spaces

Furniturestorage(70m2)

Rentedstorage

Rentedstorage

5

6

7

8

9

10

11

12

13

14

52

53

54

55

56

57

58

59

1

2

3

4

Plant(150m2)

Refuse(150m2)

Lobby

Lobby

RentedStorage

RentedStorage

Refuseshute

Ventabove

Loading bay

Ventabove

Rent

edSt

orag

e

Refuseshute

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack8 spaces

Secondary cycle store

(116 spaces)

2 Tier Josta Rack8 spaces

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

Bathroom

Stairs

1B2PDuplexBedroom

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

SecondaryAccess

Lobby

2 Tie

r Jos

ta R

ack

20 s

pace

s

2 Tie

r Jos

ta R

ack

8 sp

acesSecondary

cycle store(28 spaces)

Bedroom

Bedroom

Stairs

Bathroom

Bedroom4B6PDuplex

Bathroom

Stairs

1B2PDuplex

Bedroom

Bathroom

Stairs

1B2PDuplex

Bedroom

Bedroom

Bedroom

Stairs

Bathroom

Bedroom4B6PDuplex

Lobby

INDICATIVE LOWER GROUND FLOOR

CHEAPSIDE

MOSELEY STREET

Gov

ernm

ent O

ffice

s

(Soc

ial S

ecur

ity)

Concierge/Front of house

165m2

Cycle workshop

Rent

edSt

orag

e

Refuseshute

RentedStorage

SecondaryAccess

Gymstore

Bedroom

Bedroom

Stairs

Bathroom

Bedroom4B6PDuplex

Bedroom

Bedroom

Stairs

Bathroom

Bedroom

4B6PDuplex

RentedStorage

RentedStorage

Refuseshute

Ventfeature

Ventfeature

Maintenancestore(55m2)

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

FF

HO

B

DW

RB

WT

WT

Din

ing

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1,20

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Coff

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500

x 1,

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3 S

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850

x 1,

850

RB

WM

CY

L

BathUtility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

FF

HO

B

DW

WT

WT

WT

Dining Table800 x 1,200

Coff

ee T

able

500

x 1,

050

3 S

eat S

ofa

850

x 1,

850

WT

WT

2 Seat Sofa850 x 1,300

Bath

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

Walk-inwardrobe

WM

CY

L

Bath

Utility

Walk-inwardrobe

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0Bedroom

FF

HO

B

DW

RB

WT

WT

WT

Dining Table800 x 1,200

Coff

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able

500

x 1,

0503

Sea

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a85

0 x

1,85

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WM

CY

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Bath

Utility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

FF

HO

B

DW

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Din

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Coff

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500

x 1,

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3 S

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850

x 1,

850

RB

WM

CY

L

BathUtility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

Walk-inwardrobe

FF

HO

B

DW

WT

WT

WT

Dining Table800 x 1,200

Coff

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able

500

x 1,

050

3 S

eat S

ofa

850

x 1,

850

WT

WT

2 Seat Sofa850 x 1,300

Bath

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

WM

CY

L

BathUtility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

FF

HO

B

DW

WT

WT

WT

Dining Table800 x 1,200

Coff

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500

x 1,

050

3 S

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x 1,

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WT

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2 Seat Sofa850 x 1,300

Bath

Desk500 x 1,050

Dou

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Bed

1,50

0 x

2,00

0

Bedroom

Walk-inwardrobe

WM

CY

L

Bath

Utility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

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Bedroom

FF

HO

B

DW

RB

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Din

ing

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1,20

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Coff

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500

x 1,

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3 S

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ofa

850

x 1,

850

RB

WM

CY

L

BathUtility

Bathroom

Stairs

1B2PDuplex

Bedroom

Bathroom

Stairs

1B2PDuplex

Bedroom

Bedroom

Bedroom

Stairs

Bathroom

Bedroom4B6PDuplex

Din

ing

Tab

le80

0 x

800

WM

CYL

FF

HOB

DW

RB

WT

WT

Utility

Des

k50

0 x

1,05

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Dou

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Bed

1,50

0 x

2,00

0

Coff

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able

500

x 1,

0503 S

eat S

ofa

850

x 1,

850

War

drob

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Walk-inwardrobe

Bath

Des

k50

0 x

1,05

0

Bedroom/study

Single Bed900 x 1,900

Din

ing T

able

800

x 1,

000

FF

HO

B

DW

RB

WT

WT

Coff

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able

500

x 1,

050

3 S

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ofa

850

x 1,

850

WT

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

WM

CY

L

Bath

Utility

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

FF

HO

B

DW

RB

WT

WT

Din

ing

Tab

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0 x

1,20

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Coff

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500

x 1,

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Sea

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a85

0 x

1,85

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RB

WM

CY

L

BathUtility

Walk-inwardrobe

Desk500 x 1,050

Dou

ble

Bed

1,50

0 x

2,00

0

Bedroom

FF

HO

B

DW

RB

WT

WT

WT

Dining Table800 x 1,200

Coff

ee T

able

500

x 1,

0503

Sea

t Sof

a85

0 x

1,85

0

WM

CY

L

BathUtility

1-16

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack20 spaces

2 Tier Josta Rack8 spaces Cycle storage - 200 spaces

Walk-inwardrobe

Bath

Des

k50

0 x

1,05

0Bedroom/study

Single Bed900 x 1,900

Din

ing

Tabl

e

800

x 1,

000

FF

HO

B

DW

RB

WT

WT

Cof

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Tabl

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500

x 1,

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3 S

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850

x 1,

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Desk500 x 1,050

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Bed

1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

WM

CY

L

Bath

Utility

Walk-inwardrobe

Bath

Des

k50

0 x

1,05

0Bedroom/study

Single Bed900 x 1,900

Din

ing

Tabl

e

800

x 1,

000

FF

HO

B

DW

RB

WT

WT

Cof

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Tabl

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500

x 1,

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3 S

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850

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850

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Desk500 x 1,050

Dou

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1,50

0 x

2,00

0Bedroom

Walk-inwardrobe

WM

CY

L

Bath

Utility

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

Bathroom

Stairs

1B2PDuplexBedroom

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

2B4PDuplexBedroom

Bedroom

Bathroom

Stairs

Desk500 x 1,050

Dou

ble

Bed

1,50

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2,00

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Bedroom

FF

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Din

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800

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Din

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1,50

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FF

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Dining Table

800 x 1,200

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500

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Walk-inwardrobe

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3 Seat Sofa850 x 1,850

Dining Table

800 x 1,500

WM

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Desk500 x 1,050

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1,50

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Walk-inwardrobeBath

Desk500 x 1,050

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500

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3 S

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WM

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Bath

Utility

Workshoppingroom(40m2)

Residential Lounge/

Flexible workspace285m2

Walk-inwardrobe

Bath

Des

k50

0 x

1,05

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Bedroom/study

Single Bed900 x 1,900

Din

ing

Tabl

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800

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Walk-inwardrobe

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Bath

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Walk-inwardrobe

Bath

Des

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Single Bed900 x 1,900

Din

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Walk-inwardrobe

WM

CY

L

Bath

Utility

Co-working space(185m2)

Cafe space105m2

Dining Table800 x 800

WM

CY

L

FF

HO

B

DW

RB

WT

WT

Utilit

y

Desk500 x 1,050

Double Bed1,500 x 2,000

Coffee Table500 x 1,050

3 Seat Sofa850 x 1,850

Wardrobe

Dining Table800 x 800

WM

CY

L

FF

HO

B

DW

RB

WT

WT

Utilit

y

Desk500 x 1,050

Double Bed1,500 x 2,000

Coffee Table500 x 1,050

3 Seat Sofa850 x 1,850

Wardrobe

Dining Table800 x 800

WM

CY

L

FF

HO

B

DW

RB

WT

WT

Utilit

y

Desk500 x 1,050

Double Bed1,500 x 2,000

Coffee Table500 x 1,050

3 Seat Sofa850 x 1,850

Wardrobe

Dining Table800 x 800

WM

CY

L

FF

HO

BDW

RB

WT

WT

Utilit

y

Desk500 x 1,050

Double Bed1,500 x 2,000

Coffee Table500 x 1,050

3 Seat Sofa850 x 1,850

Wardrobe

Des

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0 x

1,05

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Double Bed1,500 x 2,000

Bedr

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Wal

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FF

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Coffee Table500 x 1,050

3 Seat Sofa850 x 1,850

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Bath

Des

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Double Bed1,500 x 2,000

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Bath

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Wal

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Bedr

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2 Tier Josta Rack8 spaces

2 Tier Josta Rack8 spaces

2 Tier Josta Rack8 spaces

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INDICATIVE GROUND FLOOR

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INDICATIVE TYPICAL FLOOR

08449 02 03 04 avisonyoung.co.uk/15404

Plans provided are indicative only and subject to planning.

Data site Information A sales Information pack is available via the Avison Young website: http://cheapside.avisonyoung.co.uk

The data room content has been compiled by Avison Young in their capacity as advisers to the Vendor. This has been compiled from information supplied by the Vendor and information available in the public domain. The technical information is provided solely for use by recipients in considering their interest in submitting an offer for the acquisition of all or any part of the property. Please be advised that plans, drawings and other information on the data site are protected by copyright, patent and warranty laws. The information provided should be used for consultations and illustrative purposes only. Therefore no reliance should be placed on the information or further copies made without the permission of the copyright owner.

Basis of OffersThe Vendor has a strong preference for a sale of the freehold interest in the entire property on an unconditional basis. However, conditional offers may also be considered.

All offers, whether submitted on an unconditional or conditional basis, should be supported by satisfactory proof of funds, timescales for exchange and completion and should include details of the scheme proposals and projected timescales for development. Conditional offers should clearly state any conditions to be discharged. Interested parties are permitted to submit an offer on more than one basis.

Offers should be submitted no later than 12 noon on Friday 31 January 2020 using the Offer Proforma available to download within the data room.

The Offer Proforma, together with any supporting information, must be submitted to the selling agent in writing via email to: rachel.hill@avisonyoung.com

Our client reserves the right not to accept the highest or any offer received.

ViewingAvison Young strictly requests that interested parties do not attempt to gain access to the property. We would request discretion in the event parties undertake any roadside inspections. All parties wishing to inspect the property are required to make prior arrangements with Avison Young.

VATThe Vendor has elected to charge VAT on the sale. All offers should therefore reflect VAT which will be payable.

Subject to contract.

METHOD OF SALE

THE PREFERENCE IS FOR SALE OF THE FREEHOLD INTEREST IN THE ENTIRE

PROPERTY ON AN UNCONDITIONAL BASISLAND AT CHEAPSIDE/MOSELEY STREET DIGBETH | BIRMINGHAM B12 0PU

08449 02 03 04 avisonyoung.co.uk/15404

Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent Avison Young is in this brochure is provided on the following conditions:1. The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract.2. All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct.

However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.3. No person in the employment of Avison Young, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure.4. All prices quoted are exclusive of VAT.5. Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by Avison Young.

Avison Young 65 Gresham Street, London EC2V 7NQ

Avison Young is the trading name of GVA Grimley Limited. ©2019 Avison Young

December 2019

For further information, please contact:

Rachel Hill T +44 (0)121 609 8004 M +44 (0)7904 317 428E rachel.hill@avisonyoung.com

Mark BirksT +44 (0)121 609 8463M +44 (0) 7985 234 596E mark.birks@avisonyoung.com

Property ref:avisonyoung.co.uk/15404

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