A residential development site on the main road to Solihull with planning permission to build more than 200 homes has been bought for £1.8 million, thanks to Siddall Jones.
The Birmingham property agents have arranged the purchase of Lyndon Place on the Coventry Road from the owners, Property Alliance Group Ltd, for a private client.
This prime development 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.
These will be mostly one and two-bedroomed, but with four larger ones having three bedrooms.
All 211 new homes will benefit from attractive landscaping and more than 150 parking spaces between them, along with one bike storage space per home.
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.”
Mr Siddall-Jones, who completed the sale at the end of July, added: “This demonstrates that even during the COVID-19 pandemic, developer appetite remains high.
“We continue to have high demand for residential development sites either with, or subject to, residential planning.”