Commercial agents Siddall Jones have sold a prominent site in Birmingham which has planning permission for 31 student flats and ground floor commercial units.
A private developer has paid £810,000 for adjoining properties 1256-1258 Pershore Road in Stirchley. The property was previously owned by a family who had secured the planning permission.
Ed Siddall-Jones, managing director of Siddall Jones, said: “The property currently comprises a detached block of two retail properties with self-contained residential accommodation above.
“Planning permission was granted in March 2021 for the demolition of the existing buildings and erection of a three storey building comprising 31 units of student accommodation and ground floor commercial space.
“The sale represents the ongoing demand for quality purpose built student accommodation sites throughout the city and within an area that is currently in transition.”
The site, on the corner of Pershore Road at its junction with Twyning Road, is less than ten minutes by bike or 20-25 minutes’ walking to the University of Birmingham campus and lies approximately four miles south of the city centre.
Stephens Wilmot Solicitors acted for the vendor and WRJ Solicitors Ltd for the purchaser, Rayman Developments Ltd.
