Land at School Street, Wolverhampton, WV1

For Sale by private treaty.

Offers based on: £1,750,000 are sought for the freehold interest.

Freehold Residential Development Opportunity With Full Live Planning Consent

The site comprises a cleared parcel of land formerly occupied by the now demolished, Network House. The site presents a fantastic opportunity to redevelop the site to complement the existing regeneration plans for the city centre. Benefitting from full planning consent for development of 113 apartments, the site will provide much needed city centre living accommodation in the most sustainable of locations. The consented scheme will provide 67 no.1 bedroom apartments and 46 no.2 bedroom apartments, along with 21 car parking spaces and 60 cycle spaces. The proposed building will be 6 storeys, stepping down to 4 storeys.

Location
The site is located within Wolverhampton city centre and has good access to the city centre amenities, with a 5 minute walk to the main shopping core and supermarket. The site is
also in close proximity to transport links, with a 10 minute walk to St George's tram stop and 15 minute walk to Wolverhampton railway station. Infrastructure works to the
Wolverhampton Interchange have resulted in the tram line and railway line stops being linked, providing an easier connection to Birmingham.
Wolverhampton University is located within a 10 minute walk and the Wolverhampton Wanderers football stadium is a 15 minute walk where the Molinuex development sets out to link the public realm of the stadium, university and city centre. With the site's convenient location within the city centre core of Wolverhampton and close proximity to
transport links, together with the city's university makes this ideal for residential development.

Tenure
Freehold.

Planning
On 30th September 2018, under application number 19/00807/FUL, full planning consent was granted for the demolition of the existing building and erection of a six storey building comprising 113 dwellings and associated works. The proposed development will comprise 7 x 1 bed apartments and 46 x 2 bed apartments. The site has now been cleared ready for development and confirmation has been provided that the planning consent is live. Access to a full data room with supporting planning documents can be made available to prospective purchasers via the sole selling agents, Bond Wolfe.

VAT
We are advised that VAT is applicable and will be payable in addition to the purchase price.

Proposal
Please kindly see enclosed break down within the detailed brochure.

Services
We have been informed that all mains' services are connected to the site, but prospective purchasers should still make their own independent enquiries as to the suitability of
the services for their particular requirement.