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.”
