Millsborough House

Ipsley Street, Redditch, B98 7AL

46,720 sq ft

PART-COMPLETE RESIDENTIAL-LED REDEVELOPMENT OPPORTUNITY FOR SALE

Summary

Freehold.
Rare unbroken redevelopment opportunity comprising four former Edwardian/1930s industrial buildings (Units 2, 3, 4 & 5) arranged around a central courtyard.
79 Apartments at varying stages of conversion to residential use.
Further consent for an additional 21 apartments
Separate parcel of land with approximately 9 parking spaces on Summer Street.
Full planning consent for a residential-led scheme totalling 100 apartments on completion (a mix of 1, 2 & 3 bed) plus 12 commercial/office units.
Total consented NSA of c.66,406 sq ft on completion (59,379 sq ft residential / 7,027 sq ft commercial).
Approximately 45 car parking spaces and proposed communal gym / coworking amenity space.
Strategically located in the centre of Redditch, within walking distance of the town centre and Redditch train station.

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m	Availability
Unit - 2	9,162	851.18	Available
Unit - 3	5,850	543.48	Available
Unit - 4	15,475	1,437.67	Available
Unit - 5	16,233	1,508.10	Available
Total	46,720	4,340.43

Location

Millsborough House occupies a central position within Redditch, a large town in north-east Worcestershire located circa 14 miles south of Birmingham city centre, 16 miles north-west of Stratford-upon-Avon and 20 miles north-east of Worcester (2021 Census population circa 87,000).

The property is situated immediately south of Redditch Ringway (B4160) and fronts Lodge Road, Summer Street, Millsbro Road and Ipsley Street, within a mixed-use area comprising Victorian terraced housing, small industrial units, secondary offices and retail warehousing.

Redditch town centre and the Kingfisher Shopping Centre lie immediately north-west of the property.

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Mainline Stations

Redditch

8 mins
Alvechurch

61 mins
Barnt Green

89 mins
Wood End

92 mins

Underground Station

Chesham

1350 mins
Amersham

1379 mins
Reading

1380 mins
Chalfont and Latimer

1414 mins

Further Information

Description

The subject property comprises four former industrial buildings (Unit 5 dating from circa 1912, with Units 2, 3 and 4 constructed in the 1930s) and associated yard space, arranged around a central courtyard. The various apartments (79) are at varying stages of conversion to residential use. There is an additional consent for further 21 apartments (see Accommodation Schedule).

Units 3, 4 and 5 are internally connected and share a main access from Ipsley Street.

Unit 2 fronts Summer Street and Millsbro Road with a separate access shared with Unit 3.

Upon completion the scheme will provide 100 residential apartments, together with 12 commercial/office units on the lower ground floor of Units 4 & 5, and proposed communal amenity space including a gym and co-working area. The internal courtyard will be landscaped and will provide 45 lined car parking spaces (36 within the courtyard and a further 9 on a separate parcel of land to the south side of Summer Street), with the scheme served by three passenger lifts.