Landmark building set for conversion snapped up
A prominent West Bromwich landmark which is targeted for future conversion to residential use has been snapped up.
Working with Keningtons Chartered Surveyors as the local joint agents for one of its national clients, Bond Wolfe Commercial assisted in the sale of Transport House at 9-17 Victoria Street, just off West Bromwich High Street, to Newrose Properties.
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.
The sale price is undisclosed, but the property was marketed with an asking price of £1m.
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.”