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17 Laurel Ln

1,633 SF Industrial Building Halesowen B63 3DA $91,275 ($56/SF)

Investment Highlights

  • Former warehouse
  • If planning permission is obtained for a residential use in the next 30 years an overage clause index linked payment of £20,000 (twenty thousand pound

Executive Summary

The property is held freehold but subject to a right of access to utilise the stepped approach (owned by 17 Laurel Lane) from Laurel Lane for the existing use only and in order to maintain the property. The extent of the freehold interest is detailed on the enclosed plan. Interested parties should liaise with their solicitors in this respect prior to purchase.
The owner of 17 Laurel Lane will not allow access to the building other than for a warehouse use. (Thus is not prepared to allow the existing access to be used for residential purposes). The owner of number 17 has also confirmed that they would not be prepared to sell any other land in their ownership for garden or car parking purposes. The owner has also requested that they do not wish to be contacted by any prospective purchaser in this respect.

Property Facts Sale Pending

Price $91,275
Price Per SF $56
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Lot Size 0.02 AC
Rentable Building Area 1,633 SF
No. Stories 2
Year Built 1968
Tenancy Single

Amenities

  • Bus Line
  • Listing ID: 33245128

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 17 Laurel Ln, Halesowen B63 3DA

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