Landmark West Bromwich building sold

Bond Wolfe Commercial has completed the sale of a prominent West Bromwich landmark which is targeted for future conversion to residential use.

Working with Keningtons Chartered Surveyors as the local joint agents for one of their national clients, the Black Country specialists assisted in the sale of Transport House at 9-17 Victoria Street, just off West Bromwich High Street, to Newrose Properties Ltd.

The deal is the latest West Bromwich town centre sale concluded by Bond Wolfe Commercial following recent successful residential conversions including Society House, Parham House and Metro Court.

Transport House is an empty freehold four storey building of 15,121 sq ft, close to the New Square retail and leisure development with Lodge Road Metro Station just 0.2 miles away. It has two 6 passenger lifts to each floor and secure car parking for 35 vehicles to the rear.

The sale price is undisclosed, but the property was marketed with an asking price of £1 million.

James Mattin, chief executive of Bond Wolfe Commercial, said: “Even in these challenging times, this deal is further testament to the resurgence of demand for freehold opportunities in West Bromwich town centre.

“Transport House is ripe for residential conversion, although with some refurbishment it can equally suit office occupiers wanting easy access to the town centre amenities and transport links.

“Our run of recent freehold sales on the town continues and we are excited to see what the future holds for Transport House.”

Ends (239 words)

For further information, please contact:

James Mattin, Chief Executive,

Bond Wolfe Commercial, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ

0121 525 0600 or 0121 524 1172,

www.bondwolfe.net

Issued by Andy Skinner, ASAP PR, mobile 07990 978257.

Editors’ notes

Bond Wolfe Commercial is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.

Flexible work-life balance boosts sales at luxury Ashford development

Changes in how and where we work are boosting sales at a luxury Ashford apartments development, according to developers Elevate Property Group.

And a decision to supercharge the outside space at Victoria Point has also contributed to the surge in reservations with 65% of the 216 apartments now sold.

The development is currently being completed and the first buyers are set to move in by mid October.

More than 140 apartments have been reserved, with the three retail units being snapped up by a convenience store, beauty salon and an estate agent.

David Hofton, sales and marketing director at developers Elevate Property Group, said that the lockdown period caused by the coronavirus pandemic had boosted buyers’ focus on outside living.

“Clearly, the Covid-19 pandemic has changed working patterns, so while travel time to the City is still important, many employees have got used to working from home.

“Where privacy is required, buyers can make and receive calls in their apartments, most of which have  a balcony, but when they want to work in a more communal atmosphere, the super lounge and enhanced garden areas are ideal.

“It’s unclear whether a full time return to the office will ever take place for many people, and that is why Victoria Point is proving so popular with those looking for a flexible working lifestyle.”

He said that Victoria Point was proving popular across the board, with purchasers ranging from first time buyers, to downsizers and investors.

The development’s proximity to Ashford International Railway Station has also been a major factor, with Victoria Point just 36 minutes from London’s St Pancras International Station, and time to other London stations ranging from 29 minutes to Stratford International to 60 minutes to Waterloo.

Victoria Point offers a range of studios, one, two and three bedroom apartments with prices currently ranging from £142,500 to £355,000.  Buyers will have the benefit of a concierge service, a superb residents’ lounge, extensive landscaped gardens and parking.

The two show apartments have been moved into the Phase II of 200 apartments, and appointments for viewings under social distancing rules and required health and safety measures are being taken by agents Savills.

David Hofton said: “Right from the early stages of design, we had always included a very special, landscaped south-facing garden, and the constraints of lockdown have really brought into sharp focus just how important outside space is to both physical and mental health.”

Professional garden designers were briefed to produce a compelling, peaceful area including restful breakout areas, whether for work or relaxation, to include a boules court and exercise areas, and incorporate bespoke garden furniture into the gardens which approach half an acre.

The gardens have delightful views over the Great Stour river and access to Victoria Park.

Mr Hofton added: “The super lounge provides work and rest areas for all residents and the redesigned garden area is a natural extension of this open space during fine weather.”

He added that interest in Victoria Point is also being driven by the news that planners have given the go-ahead for a £250 million film studio complex which could create more than 2,000 full time jobs. The studios, with Netflix and Amazon already showing interest in the facilities, will be located on the disused Newtown rail works close to the Designer Outlet.

For further information, call Savills on 0845 155 1101, email victoriapoint@savills.com or view the development at https://www.elevatepropertygroup.co.uk/residential/victoria-point

Ends (570 words)

For further information, please contact:

David Hofton, Sales and Marketing Director,

Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB

0121 272 5729

http://www.elevatepropertygroup.co.uk

http://www.facebook.com/elevatepropertygroupuk

http://instagram.com/elevatepropertygroup

Prepared and issued by Andy Skinner of ASAP PR – 01789 490786 or 07990 978257.

Editors’ Notes

Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and wellbeing.

About Ashford

Ashford is around 60 miles south east of London and 15 miles north west of the coastal town of Folkestone. The nearby M20 gives fast access to the coast, the capital and the national motorway network.

With the arrival of Ashford International Train Station, the town has blossomed into a lively commercial centre. With investment and expansion planned for the station and surrounding areas Ashford is building on its bustling continental atmosphere and is expected to double in size over the next 25 years.

A plan for a new Commercial Quarter will become a catalyst for future economic growth. With a focus on the digital and technology industries this ambitious business hub will ensure Ashford’s well placed for future generations.

The town centre will also be revolutionised by Elwick Place, a six screen boutique cinema with a hotel, restaurants and events spaces. Alongside this, there’s a £90 million extension planned for the McArthurGlen Designer Outlet proving once again Ashford’s fashioning itself a bright future.

Victoria Point is close to Ashford International Train Station and 4.5 miles from the M20, giving you quick access to the M26, M25 and M23. London airports, including Stansted, Gatwick and Heathrow, are all within 90 minutes’ drive, offering connections to Europe and beyond.

 

REI diverse and stable with underlying profits up again

Real Estate Investors plc (REI), the Birmingham-based real estate investment trust, has reported an increase in underlying profits before tax and reiterated its commitment to its revised dividend strategy in its half year figures to 30 June 2020.

The board also believes that an investment in REI’s ordinary shares at the prevailing price and discount to net asset value offers attractive value for its shareholders.  If the discount to net asset value persists, then the board will consider using proceeds from selective sales to fund share buy backs as part of its overall capital allocation strategy.

REI chief executive Paul Bassi said: “For over a decade we have traded through a financial crisis, numerous elections, Scottish and European Referendums plus the Brexit fiasco and as a result we believed that our business model had been fully tested.”

He added: “Covid-19 has presented a new level of challenge and tested our business model even further.  We are pleased to say that we remain a stable and secure business, with a diversified income stream and the ability to add value through lease events, planning gains and new lettings.”

Despite economic pressures from the coronavirus pandemic, REI has continued to make progress with revenue up by 1.2% to £8.2 million on the first half of 2019, with the overall portfolio valuation stable at £221.8 million as at 30 June 2020.

The first half of 2020 saw a 2.4% increase in underlying profits before tax to £4.1 million.

Rent collection for the March quarter of 2020 was 90.7% and for the June quarter is currently 86.9%.

Against extremely challenging circumstances, the business model has proved itself to be resilient as shown in REI’s trading performance, delivering increases to both revenues and underlying profit before tax.

The business has taken a cautious approach to dividend payments in the short term in case of a second lockdown, however, remains committed to a progressive dividend policy.

Mr Bassi pointed out that the diversity of the portfolio, managed on a regional basis by an experienced team, remains the foundation of REI.

“This has allowed us to continue to pay dividends, while others have withdrawn their payments. We have now delivered £31.9 million in dividend payments to our shareholders since the commencement of our dividend policy, against a series of unprecedented events and the present global pandemic.”

He added: “We continue to operate without any exposure to prime fashion retail and department stores.  Occupancy at our convenience, town centre and neighbourhood retail has been excellent during the first six months of 2020 and our office exposure, which is predominantly outside City centres and generally multi-let (between 1,000-5,000 sq ft), has seen renewed interest as occupiers look for locations closer to home with minimal travel and exposure to public transport for their employees.

“Additionally, recent government planning legislation will almost certainly provide opportunities to make capital gains from change of use to residential.”

He concluded: “We remain confident in our ability to operate a profitable regional property company, committed to a dividend policy, based in the heart of the Midlands, where we expect activity to prosper over the coming months and welcome the further economic benefits of Coventry City of Culture year in 2021 and the Commonwealth Games in 2022.”

Ends (540 words)

For further information, please contact:

Paul Bassi CBE, Chief Executive Officer,
Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 265 6406 or 0121 212 3446

www.reiplc.com

Prepared and issued by ASAP, 01608 651203, mobile, 07990 978257

About Real Estate Investors Plc

Real Estate Investors Plc (REI Plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.59 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

The Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings.  The portfolio has no material reliance on a single asset or occupier.

Principle puts down a major marker for future growth

The UK’s fastest growing residential estate management company has made a major commitment to the city where it began just over two years ago.

Principle Estate Management has moved to stylish, boutique office space at 137 Newhall Street in Birmingham’s Jewellery Quarter.

The move is driven by the growth of Principle’s team from founder Brett Williams in 2018 to 24 currently.

Now in its third year, Principle Estate Management has tripled in size in the last 12 months, with the number of units it looks after rising from just under 2,000 to over 6,000. Staff numbers have risen from seven to 24 in little over a year.

The company offers a national property management service and its growing portfolio of properties now totals 6,208 units in over 200 developments spread across all nine English regions including London, plus several in Wales.

Principle Estate Management was launched in 2018 by managing director Brett Williams, the former head of residential property management at CPBigwood in Birmingham, and a past-chairman of ARMA.

The move to over 2,500 sq ft in Newhall Street is the company’s third move in just over two years.

Brett Williams said: “This is a major statement of our faith both in Principle Estate Management and in Birmingham as the city where we want to grow.

“We currently number 24 staff and our new offices have space for 34 desks, so this reflects the level of our ambition.”

He said that at a time when many businesses are re-evaluating their office space requirements, they had engaged with all staff to discuss how best they could service and support their growing client base in coming years.

“We have always been a 100% office based business, with no homeworkers, as one of our principal strengths is the teamwork we all share.

“We recognise there are times when working from home is required, particularly when ‘quiet time’ on a large or difficult project so we have sought to find a balance that everyone agrees can help us drive the business forward in the most efficient way both for staff and our clients.”

He said the commitment to a much larger space meant that social distancing guidance currently in place can be easily accommodated.

“The overall feeling is that the collaborative nature of property management is best undertake in an office environment as it allows for better working between and within teams, where we can know how busy each other is, especially those on the front line answering customer calls.”

He said the decision to remain close their original offices was an easy one as it meant no change for staff commuting, and the Jewellery Quarter is seen as a great area both for working and recruiting reasons.

“We have the benefits of being on the city fringe, with just a 10 minute walk to New Street Station, easily linking us to clients in London and the south east.”

Fellow director Joe Jobson said: “The office space has been configured to include a conference room with full audio-visual facilities, ideal for the “new normal” of fewer face-to-face client meetings, and has pods for quiet working and breakout spaces to allow for more informal group meetings and building teamwork.

“We wanted to invest in the accommodation and create a great space for our people to be happy working in. Happy people means great customer service, and 137 Newhall Street is a super platform for us to continue to build our business.”

Ends (576 words)

For further information please contact:

 Brett Williams, Principle Estate Management LLP, 137 Newhall Street, Birmingham B3 1SF

Tel: 07954 078711 / 0121 289 4315

Email: BWilliams@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk

https://twitter.com/PrincipleEM

https://www.linkedin.com/company/principle-estate-management/

https://www.facebook.com/PrincipleEstateManagement/

Editors’ notes:

Principle is a customer-focused managing agent providing a transparent property management service to the highest standards nationwide, focusing particularly on the management of apartment buildings. Principle Estate Management, based in Birmingham, launched in Spring 2018 and is led by experienced chartered surveyors. The business was born out of a passion for “doing it right” through a director-led, friendly approach combined with robust systems that maximize efficiency. Principle provides a service that sets the aspirational standard for other agents. The company manages modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build-to-rent (BTR) developments, as well as portfolios of rented properties for residential or commercial landlords.

Siddall Jones selling last development site on St Pauls Square

Siddall Jones has been appointed to sell the last remaining plot of land on St Paul’s Square in Birmingham.

The Birmingham property agents won a competitive pitch to market the development opportunity on the corner of St Pauls Square, adjacent to Henry Wongs restaurant.

The site, which is on the market for £700,000 has planning permission for a four storey building, including retail or commercial use on the ground floor with three large, luxury two bedroom apartments on the three floors above.

Ed Siddall-Jones, managing director of Siddall Jones, said: “This offers a developer the opportunity to acquire a prime development site in one of Birmingham’s most desirable addresses with far reaching views over St Pauls Square as well and being within walking distance of the city centre and Jewellery Quarter.

“The scheme, which was developed by The Space Studio architects and designers, retains the industrial heritage of the location while drawing on modern architectural features with plenty of space and natural light. We feel the site will be of interest to a number of local and national developers.”

The apartments offer 1,216 sq ft of living space with the ground floor offering 861 sq ft in a total of 4,509 sq ft. There is also an individual bicycle store on each floor for each apartment.

St Pauls Square is recognised as one of the most desirable residential locations close to the business quarter in central Birmingham. It has easy access to the city centre’s retail and recreational facilities and is a short walk to the Metro, and Birmingham Snow Hill and Birmingham New Street railway stations.

For more details, contact Edward Siddall-Jones on 0121 638 0500, or email edward@siddalljones.com

Ends (280 words)

For further information, please contact,

Ed Siddall-Jones, Managing Director,

Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.

0121 638 0500

www.siddalljones.com

Prepared and issued by Andy Skinner, ASAP PR – 01608 651203, mobile 07990 978257.

Elevate Property Group targets first time buyer market with Sheldon Court launch

Elevate Property Group has revealed its latest development in Birmingham – 64 affordable studios, one and two bedroom apartments in Sheldon.

Birmingham-based construction company Mossvale Ltd has been appointed as main contractor for a building programme which is scheduled to complete by the end of 2020 with the first buyers moving in early in the New Year.

Sheldon Court is Elevate’s first project aimed specifically at the first time buyer market.

David Hofton, sales and marketing director of Elevate Property Group, said: “This is very much the right development in the right area at the right time.

“The current Stamp Duty holiday, Help to Buy, plus historically low interest rates, means that Sheldon Court is perfect for those looking to get on the housing ladder.

The apartments will also prove attractive to investors with potential 5-6% yields available.”

Prices will start at just £130,000 for one of the 54 one bedroom apartments, with six two bedroom apartments and four studio apartments also available.

Sheldon Court is located just off the A45 arterial route which leads from the M42, Birmingham Airport and NEC area, into Birmingham city centre, with good public transport in both directions.

The apartments will also have 60 parking spaces, six of which will provide electric charging points for hybrid and electric vehicles.

David Hofton added: “Sheldon Court is located on a main commuter route which gives access to both Birmingham city centre with all its attractions and also to the desirable town of Solihull. Birmingham International train station, Birmingham airport and Junction 6 of the M42 are conveniently only a ten minute drive away.

“Locally, it has the 300 acre Sheldon Country Park and Hatchbrook Leisure Centre virtually on its doorstep, perfect for those seeking outdoor space.”

A show apartment will be opened in early October and Birmingham agents Centrick have been appointed to sell the apartments at Sheldon Court.

New homes manager Christiana Plati said: “Centrick are excited to be able to offer first time buyers the chance to buy their first property using the Help to Buy scheme while potentially spending significantly less on a mortgage rather than the equivalent rent.”

In Birmingham, Elevate Property Group has earned an enviable reputation for the quality and popularity of its developments, with apartments in Concord House, Honduras Wharf, St Pauls House, Tennant Street Lofts and Assay Lofts all selling quickly.

Elevate Property Group is renowned for the quality of its residential-led schemes. Current high-profile developments throughout the country include Victoria Point (Ashford, Kent), Alban House (Hereford), Trent Bridge Quays (Nottingham), Princes Gate (Solihull), Sheldon Court (Sheldon, Birmingham) and Cliveland Street (Birmingham).

Ends (433 words)

For further information, please contact:

David Hofton, Sales and Marketing Director,

Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB

0121 272 5729

http://www.elevatepropertygroup.co.uk

http://www.facebook.com/elevatepropertygroupuk

http://instagram.com/elevatepropertygroup

Editors’ Notes

Elevate Property Group creates exceptional architectural spaces that respect how important your home is for easy living and wellbeing.

Prepared and issued by Andy Skinner of ASAP PR – 01608 651203 or 07990 978257.

Come to Alban House for cathedral views, cakes and a cuppa!

Elevate Property Group is set to unveil two brand new showhomes at Alban House in Hereford at a “vintage tea and cakes” Open Day on Saturday 5 September.

The new showhomes will include the quirky cottage named The Nook set within the development and a south-facing two bedroom apartment with a sun-catching balcony.

The Nook is a two bedroom, one bathroom character cottage in a gated setting with a walled patio which is available for £250,000.

There are only six of the total of 18 individually-styled properties remaining and Elevate sales and marketing director David Hofton said interest was being boosted by two factors.

“Help to Buy is undoubtedly helping and the Stamp Duty holiday announced by Chancellor Rishi Sunak is the icing on the cake.”

Prices range from £145,000 for the last remaining one bedroom apartment to £280,000 for the top floor penthouse.

And for downsizers, Elevate Property Group is also offering an Assisted Move Package.

David Hofton explained: “Some of our older buyers may not have moved for many years, but now they want to move into an apartment that is both new and more manageable and one that they can just ‘lock up and leave’ if they want to travel.

“Our Assisted Move Package takes all the stress out of the whole process and includes help with the sale of an existing property, to providing a solicitor and a removals service on completion.

“It couldn’t be simpler and many find that can be the deciding factor in whether to remain in a large house that they no longer really need, or move into a brand new luxury apartment with all the savings in bills and maintenance that this brings.”

Alban House, as the project that has introduced city centre living to Hereford, has been acclaimed since Elevate Property Group bit the bullet and took on the fire-ravaged site in 2017. The company also purchased the neighbouring Booth Hall which has since been sold to local business owners Rich and James Manning of Manbro Developments and the Shack Revolution.

The two retail units fronting High Town are now both taken. Principality Building Society is currently fitting out the first unit with an opening scheduled for the autumn, and the second unit is under offer.

Invitations to view Alban House on Saturday 5 September from 10am to 2pm are available from agent Arkwright Owens in Hereford on 01432 267213, or Connells on 01432 267511. For more information, see http://www.elevatepropertygroup.co.uk/developments-grid/alban-house/

Ends (410 words)

For further information, please contact:

David Hofton, Sales & Marketing Director,

Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB

0121 272 5729

http://www.elevatepropertygroup.co.uk

http://www.facebook.com/elevatepropertygroupuk

http://instagram.com/elevatepropertygroup

Luxury development of 20 homes on rural village farm site in the Midlands

Twenty new and luxurious family homes on a rural Midlands site that emulates a naturally developed farm complex are being marketed by estate agency Nicol & Co.

The Orchard, in the picturesque village of Norton on the Warwickshire and Worcestershire border, is a project from housebuilder Accueil, which specialises in high specification new-build homes.

The site is named after the farmed orchard upon which it will be built, with the homes enjoying beautiful views over rolling fields of apple trees.

Georgina McGorrigan, new homes sales manager at Nicol & Co, which has offices and operations in Droitwich Spa, Worcester and Malvern, said: “This really is a breathtakingly thrilling development.

“The 20 homes on the site include a mixture of styles such as Dutch barns, stables and other barn-style dwellings with a stunning main farmhouse that has extensive gardens.

“The Orchard will make a delightful retreat for professionals and families alike, and we’re already handling multiple enquiries from keen potential buyers.”

Several of the plots on the site have already been reserved, but those still available include the imposing, Georgian-style farmhouse which has a guide price of £995,000.

Called The Arlington, this key building is set in an extensive plot with its own private entrance and boasts five bedrooms, six bathrooms and its own self-contained studio.

At the other end of the scale is a detached, three-bedroomed house called The Grove which has a guide price of £375,000.

This property enjoys a double car-port and walled garden, with a large double height entrance hall, open plan kitchen and dining room, and separate living room with double doors leading onto the garden.

A number of other impressive homes at prices within the above range are also still available, and full details can be viewed in a brochure that’s downloadable here: https://www.accueil.co.uk/developments/view/development-detail/categoryID/53

Ms McGorrigan explained that Nicol & Co has plenty of experience of selling on such site, having successful completed on 28 developments over the last four years with several others currently on the market.

She added: “Accueil’s developments really stand out as offering a completely different product, and the Accueil team are all approachable, flexible and happy to work with buyers to create their ‘dream home’.

“Everything they do, they do very well. Not only are developments always in cracking locations, the finish is outstanding.”

Rachel Payne, technical director at Oxfordshire-based Accueil, said: “What we are creating is an idyllic rural housing development based in an established and much sought-after village.

“Potential buyers will not only be fascinated by the designs, but will also be interested to know that the services, schools and shops of Evesham are a mere 2.5 miles away.

“The nearest train station is also at Evesham where regular main line trains leave for Worcester Shrub Hill, Hereford and London Paddington.

“Also within a commutable distance is Stratford-upon-Avon around 10 miles away, the Cotswolds and Cheltenham, with the affluent villages of Harvington and Salford Priors nearby.”

Ends (488 words)

For further information, please call:

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 799072

Notes to Editors

Established in 2009, Nicol & Co is an award-winning estate agency offering advice on sales, lettings, new homes and land purchase. The company combines the latest in digital media with traditional high street courtesy and service to provide the perfect blend of old and new technology.

Prepared and issued by Andy Skinner at ASAP, 01789 490786, mobile 07990 978257.

Siddall Jones helps fellow agent with city centre expansion plans

A Birmingham residential estate agent has made the move into the city with help from commercial agents Siddall Jones.

Davidson Estates is an established estate and letting agency based in Edgbaston which was founded by Ben Davidson in 2009.

Increasing demand for city centre living has led the business to open a second office in the city at Unit 2 Liberty Place in Sheepcote Street, close to Brindleyplace.

Founder director Ben Davidson said: “Davidson Estates was set up in January 2009 in the heart of a recession and has thrived, so we see the residential market emerging from lockdown as an opportunity to grow our business.

“We had been looking for a city centre office for some time when I met Ed Siddall-Jones and he immediately understood what we were looking for and identified Liberty Place as the ideal location.

“It was perfect for us and we are very pleased to have secured a footing in the rapidly expanding city centre market in Birmingham.”

The move has already created jobs in our lettings, sales and management departments.

Mr Davidson said: “We are an already well-established name known for residential sales, lettings and property management, both for established and new-build properties, as well as offering refurbishment and furniture services.

‘We are pursuing other areas such as the Build To Rent lettings and management sector and our move into the city centre will give us the presence we need in this key market.”

Ed Siddall-Jones said: “This is a bold move by Ben and his team, and we wish them well with their expansion plans.

“We share the vision of seeing the coming months as an opportunity and we are seeing a strong market for business property in Birmingham.”

Ends (294 words)

For further information, please contact:

Ed Siddall-Jones, Managing Director,

Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.

0121 638 0500

www.siddalljones.com

Prepared and issued by Andy Skinner, ASAP PR – 01608 651203, mobile 07990 978257.

Seven new homes planned for Worcestershire village after farmland sale

The successful sale of a premium residential development opportunity at a Worcestershire farm means plans for seven new country homes are set to go ahead.

The estate agency Nicol & Co has sold part of Cooksholme Farm in the popular village of Littleworth, south east of Worcester, including several former farm buildings on a site measuring 0.91 acres.

The property already has detailed planning permission for the development which includes three barn conversions and the erection of four new-build dwellings.

The site had been on the market for a couple of years before Nicol & Co, which has offices and operations in Droitwich Spa, Worcester and Malvern, was appointed to handle the sale.

Luke Alexander, land and development consultant at Nicol & Co, said: “This was a complicated deal with many hurdles, and so we’re thrilled to have sold this property.

“Littleworth is a picturesque village surrounded by beautiful Worcestershire countryside. It also has great transport links, being within one mile of the newly-opened Worcester Parkway Railway Station linking Worcester to London.

“The village has an excellent community spirit and fine facilities that include a primary school, church, café, public house and a village hall, and the redevelopment plans mean this site will soon become enviable homes for up to seven families.”

The seller was Kelvin Gill, who still lives in the adjacent farmhouse, and he said: “I am remaining as a neighbour to the development, so a key factor for me was finding a buyer with the flair for doing barn conversions and creating characterful sites.

“I’m very grateful to all the hard work put in by Luke Alexander at Nicol & Co who was able to do just that, working closely with all parties to make the sale happen.”

The buyer is Gora Investment Properties Ltd, a company which is currently finishing work on barn conversions in other Midlands villages including Feckenham, near Redditch.

Ron Mackie, of Gora, said: “Cooksholme Farm is our next development project and we’re excited to be working on that with Nicol & Co.

“This site lies on the northern edge of the village, and the barn conversions and new homes will benefit from views over open countryside to the east.

“It’s going to be a high-end development to match the location and the character of the existing buildings.

“The seven homes will be a perfect opportunity for families, commuters and downsizers who want to enjoy the countryside as well as remaining close to road and rail links.”

Ends (415 words)

For further information, please call:

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 799072

Notes to Editors

Established in 2009, Nicol & Co is an award-winning estate agency offering advice on sales, lettings, new homes and land purchase. The company combines the latest in digital media with traditional high street courtesy and service to provide the perfect blend of old and new technology.

Prepared and issued by Andy Skinner at ASAP, 01789 490786, mobile 07990 978257.