Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, January 6
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Cash-crisis Birmingham City Council planning more property sales
    Property

    Cash-crisis Birmingham City Council planning more property sales

    August 12, 20254 Mins Read


    An array of properties and land have been sold since the start of last year amid the recent turmoil, which saw the Labour-run authority effectively declaring itself bankrupt in September 2023.

    They include the Bordesley Green ‘Wheels’ site, where a new stadium for Birmingham City FC has been proposed as part of the massive Sports Quarter regeneration project.

    Birmingham Gazette Building in the city centre. Taken from Google Maps.
    Birmingham Gazette Building in the city centre. Taken from Google Maps.

    But a huge range of other assets have also been sold through negotiations or auctions, raising millions and millions of pounds for the cash-strapped council.

    Plans for more property sales are set to be considered at a council meeting next week – they involve assets such as a Victorian cottage in Sutton Park, the site of former swimming baths in Stechford, a ‘core retail asset’ in the city centre and Lloyd House, the headquarters of West Midlands Police.

    Lloyd House in Colmore Circus, Birmingham. Taken from Google Maps.
    Lloyd House in Colmore Circus, Birmingham. Taken from Google Maps.

    The list of proposed property sales is as follows:

    Lloyd House, Colmore Circus, Birmingham, B4 6AT

    Sale of freehold interest comprising land and building

    The council says: “Both leasehold interests are currently producing a fixed income and due to expire in June 2060.

    “Following a sale of the freehold interest, the council will forfeit receipt of rents in exchange for an agreed capital sum.”

    Former Cascades Swimming Baths, Stechford B33 8QN

    Sale and selection of bid

    According to a report, the former Cascades Swimming Baths closed in 2018 and the building was subsequently demolished.

    A new leisure centre was developed on the adjoining site and opened to the public in tandem.

    The site occupies a prominent position with good transport links and is accessed directly from Station Road.

    Open marketing for the property commenced in February 2025, with the site being marketed for a wide range of uses including residential development for affordable housing.

    Former Coleshill Road Garden Nursery, Coleshill Road, Sutton Coldfield B75 7BA

    Sale and selection of bid

    The council says: “The property comprises a former garden nursery that was operated until recently by the council.

    “The site extends to approximately 2.75 acres and consists of land, outbuildings and a three-bedroom detached bungalow.”

    Midland Lodge, Sutton Park, Sutton Coldfield B74 2YP

    Sale and selection of bid

    According to the council, Midland Lodge was historically occupied by former park keepers of Sutton Park and is described as a two-storey Victorian cottage.

    The property was built in the late 1800s and is adjacent to the Midland Gate entrance to the park.

    “With the reduced need for onsite park rangers and the ongoing maintenance costs / requirement for significant investment to upgrade the property to current standards, the property became vacant several years ago,” a report said.

    1459 Pershore Road, Stirchley, Birmingham

    Disposal

    A council report said: “The property is vacant and was previously used for office/administrative uses by the council.”

    It went on to describe it as an early 1990s single storey office/administration building, with eight car spaces.

    67 Sutton New Road, Erdington, Birmingham

    Disposal

    The property is a vacant, four-storey office building which was previously used by the council.

    “The purchaser is an established organisation in the city and the proposal could bring substantial employment to the local area, as well as providing services that could assist in addressing health inequalities and socioeconomic issues,” a council report said.

    Approval for disposal of JQ assets (cafe block)

    The ‘Café’ Block, 36-41 Vyse St & 2,4 & 6 Hylton St, Birmingham B18 6JY

    According to a council report, the property comprises a “relatively small multi-let commercial mixed-use asset” on Vyse Street in the Jewellery Quarter,

    “The property has the potential for longer term refurbishment and may have the possibility of partial redevelopment in accordance with the recently approved JQ Neighbourhood Plan,” a report said.

    It continued the plans increasingly provide for a balance of uses between preserving the traditional jewellery-related occupiers and an introduction of culture and tourism needs as well as “emerging residential conversion uses”.

    Gazette Building and Court Chambers

    Approval for disposal of core retail asset in the city centre

    The council says: “The property was the original conceived and built to house the ‘Birmingham Gazette Newspaper’, originated by Thomas Aris in 1741.

    “The adjacent Court Chambers was built on the site of the old George and Crown Inn and was used as an informal dining club, named ‘Lincolns Inn Restaurant’ for members of the legal profession practicing in the area.”

    It continued: “Significant investment is now required to bring this period asset, some of which is likely to be Listed, into better repair and a more lettable condition.

    “The potential in longer term redevelopment may lie in providing additional student housing in the area.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTrump factor warding off Brits from moving to the US
    Next Article Ether May Tap Above $8.6K If Bitcoin Reaches $150K: Trader

    Related Posts

    Property

    UK property hotspots revealed – see if postcodes have rocketed in value where you live

    January 4, 2026
    Property

    UK property hotspots revealed – see how your area fares for price rises

    January 4, 2026
    Property

    Property industry remains an enemy within for Beijing’s economic targets

    January 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    MSIG USA names Philip Wray head of property

    July 8, 2025
    Stock Market

    Investors pull £300m from UK stocks amid inheritance tax fears

    October 30, 2024
    Bitcoin

    Why Eric Trump Thinks Bitcoin Will Hit $1 Million

    August 30, 2025
    What's Hot

    Tampa Electric CEO pressed for answers on utility’s rate hike request

    August 27, 2024

    What to know about the meeting where China’s ruling Communist Party maps its 5-year goals

    October 20, 2025

    I Asked ChatGPT When I’d Be Able To Retire If I Bought Bitcoin in 2020 — Here’s What It Said

    September 28, 2025
    Most Popular

    Market has worst day since May | The Arkansas Democrat-Gazette

    August 2, 2025

    ‘Lights Go Mega Green’ – Trader Unveils Massive Price Target for Bitcoin Following Abrupt BTC Rally

    October 16, 2024

    -0,3% de stocks des grossistes en mai

    July 9, 2025
    Editor's Picks

    USA : stocks de pétrole en hausse de 1,4 million de barils

    March 12, 2025

    Global equities that should weather the stockmarket’s storms

    August 3, 2025

    Le pire cauchemar des mineurs de Bitcoin se réalise, voici ce qui s’est passé

    June 26, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.