Home of Walsall County Court and Family Court acquired by private investor
A building which is home to tenants which include Walsall County Court and Walsall Family Court has been snapped up by a private investor.
On the market with a guide price of £1.75m, commercial agents Bond Wolfe sold Bridge House, which has a current gross rent of more than £200,000 a year.
The 75,658 sq ft building currently has 29,336 sq ft of vacant space.
James Mattin, chief executive of Bond Wolfe, said: “This is another Black Country success story. The building has development potential, subject to planning permission, which undoubtedly added to its appeal.
“We are seeing increased interest in solid West Midlands commercial property assets as they offer returns which are hard to achieve in other parts of the UK.”
Solicitors Clark Brookes Turner Cary acted for the seller and the purchaser was advised by law firm Sehgal & Co.