Former gun making site sold to developer

A historic gun making site on Birmingham’s Price Street is set to be redeveloped into 84 apartments after being purchased by developer Elevate Property Group.

The ‘Gunsmith House’ property was on the market for £2.5m but was bought for an undisclosed sum.

Ed Siddall-Jones, managing director of Siddall Jones, which brokered the deal, said: “The site includes the locally-listed Gunsmith House which will be sympathetically restored by Elevate as a major part of the project.

Ed Siddall-Jones of agents Siddall Jones with James Costello, development director of Elevate Property Group

“As Gunsmith House implies, Price Street was at the heart of Birmingham’s gun making industry which can trace its history back to the 17th century.

“Following the publication of Birmingham’s Big City Plan in 2008, The Gun Quarter is now a distinct district within the city and with the passing of the gun trade has several sites ripe for redevelopment.”

Elevate Property Group has applied for planning permission for a scheme designed by Birmingham’s K4 Architects Ltd, which will provide a range of one, two and three bed luxury apartments, including the restoration of Gunsmith House.

The site was granted outline planning permission for conversion and building work in May 2020.

When full planning permission is granted Elevate is hopeful of starting work on the multi-million pound project in the autumn of 2021, with completion projected for the end of 2022.

Harris Lamb acted for Laycock Investments, the vendor of 51-61 Price Street.

Siddall Jones has made other high-profile sales.

An office and warehouse building with a self-contained yard on a 0.7 acre site at 5 Clement Street, Nechells, Birmingham, has been acquired by Shield Environmental Services for £820,000, and a small industrial estate in Sydenham Road, Birmingham, was sold for a price close to £1m.

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