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A car park in Birmingham has been sold to pave the way for a new residential development.

The site at 50-60 Northwood Street in the Jewellery Quarter has long been the home of a planned new apartment complex but continued operating as a car park because that project never got off the ground.

Commercial property consultancy Siddall Jones has now sold the plot to a private local investor for £2.8 million on behalf of Raybone Developments.

Planning permission is already in place for 44 apartments and 32 parking spaces with gated access.

Ryan Lynch, associate director at Siddall Jones, said: "We were delighted to be instructed to dispose of this site and we look forward to seeing the scheme which is scheduled for completion in late 2021, make a fantastic addition to the street.

"The site generated significant interest from both local and national developers, demonstrating the Jewellery Quarter is still an attractive location for developers, not least because of its young professional workforce and variety of independent retailers and restaurants."

Edward Siddall-Jones, managing director of Siddall Jones, added: "We continue to secure instructions and want to work with developers around the Jewellery Quarter and wider Birmingham area.

"When we eventually come out of lockdown, there will be considerable pent-up demand to be met and those who can hit the ground running and have continued to promote themselves hard through this very difficult trading period will undoubtedly reap the benefits.

"Site acquisition, consultations, design and planning is something that can continue during lockdown and we are very keen to facilitate new developments in Birmingham and help bring sites to the market.."