A Wolverhampton office building is on the market to investors keen to maximise on its potential to provide 100 apartments in the city centre.
Telecom House, a self-contained office building on Church Street, was formerly occupied by British Telecom. Midlands property consultancy Harris Lamb has been instructed to sell the building by owners Telereal Trillium.
The 84,876 sq ft property already has plans submitted for 100 apartments under permitted development rights.
Tom Morley, Director, said that the opportunity was the largest office disposal within the city in years. “This property has a massive amount of potential. It fronts the Ring Road St Johns in Wolverhampton City Centre, placing it within easy walking distance of the centre’s leisure and retail offering, and with immediate access to all major routes.
“The six-story building, which is serviced by three lifts, is suited to a number of uses and a change to residential use is allowed under permitted development rights – an application has already been submitted for 47 one-bedroom and 53 two-bed apartments.”
The property also has 70 car parking spaces.
Interested parties should contact Thomas.morley@harrislamb.com 0121 455 9455.
