Black Country specialist property firm Bond Wolfe, has been appointed to sell one of Wolverhampton’s most prominent buildings.
Valued at £4 million, Telecom House is a six-storey office building located on the A4150 Ring Road St Johns. The building was purchased in July 2018 with the intention of developing it into 294 self-contained studio apartments.
James Mattin, Managing Partner of Bond Wolfe in West Bromwich, said: “We are delighted to have won the contract to sell Telecom House following a very competitive tender process to market this property.
“We are already receiving strong interest, and we will be processing the various offers and proposals as we receive them.”
Telecom House (pictured right) is split into two wings, which total 84,876 sq ft as well as 70 parking spaces. The building is ideally suited to residential conversion due to its short walking distance from the major leisure and shopping areas as well as great access to the Wolverhampton transport interchange development which includes rail, bus and Metro trams.
In addition to its proximity to public transportation, Telecom House sits on the edge of the upcoming £55 million Westside leisure development which is due to start construction in November.
Bond Wolfe is seeking unconditional offers in excess of £4m for the freehold.
James Mattin added: “We are already seeing national interest from developers and investors who recognise the opportunities to be found outside of London and the South East, particularly the value for money to be found in the Black Country.”