West Midlands-based commercial property agency Bond Wolfe has announced that a West Bromwich landmark has gone on sale with an asking price of £1 million.
Located at 9-17 Victoria Street, the four-storey Transport House building is expected to attract “intense” interest from developers.
Transport House extends to 15,121 sq ft with more than 4,000 sq ft across each of the top three floors, a 1,894 sq ft ground floor and a 985 sq ft basement.
The landmark building is the fourth office block to hit the market in recent years, following Bond Wolfe’s success with the £2.1m sale of Metro Court to a private investor last year.
As with Metro Court, which was transformed into apartments, Bond Wolfe has raised the possibility that Transport House could too be transformed into houses subject to planning permission.
James Mattin, Managing Partner at West Bromwich-based Bond Wolfe, said: “We are delighted to be selling another prime West Bromwich town centre asset.
“The town has witnessed huge inward investment over the last few years, and early signs suggest that competition will be fierce for Transport House, both from developers and investors alike. The building sits just off the High Street and within an easy walk of the Metro line, bus station and all town centre amenities.”
Transport House includes 35 car parking spaces and is being sold with full vacant possession.
Situated close to the main High Street, Transport House is in a prime position within the town, sitting within the regeneration area that includes the 143,000 sq ft New Square retail centre as well as the planned Barratt Homes, and Sandwell Council 450-strong housing development.