Residential development site acquired in £1.8m deal
A residential development site on the main road to Solihull with planning permission to build more than 200 homes has been bought for £1.8m.
Siddall Jones oversaw the purchase of Lyndon Place on the Coventry Road from the owners Property Alliance Group for a private client.
The site adjoins the Westley Brook Green Wedge, part of Sheldon Country Park, a designated Green Belt area and recognised Site of Local Importance for Nature Conservation.
There is consent to convert an existing office block into 126 flats, and to build two apartment blocks of between five and seven storeys that will contain another 85 apartments.
Ryan Lynch, associate director of Siddall Jones, said: “We are delighted to have acquired this site on behalf of our retained client.
“The scheme is well thought through and located near to Solihull, in an area where the demand for good quality residential stock is high.
“We look forward to fruition of the scheme which is within easy commuting distance of Birmingham city centre, Birmingham International Airport and the national motorway network at Junction 4 of M42 motorway.”