A prominent Black Country office (Kingston House) building investment opportunity with the potential for residential conversion, subject to planning permission, has been brought to the market by agents Bond Wolfe with a price tag of £3,375,000.
Kingston House is a substantial freehold, detached office building totalling 42,714 sq ft, at 438-45- High Street, West Bromwich.
“Kingston House occupies a prominent location on the main High Street in West Bromwich and comes with 106 0n-site car parking spaces. This freehold property is available for offers based on £3,375,000, which equates to a low capital value of £79 per sq ft.”
James Mattin, managing director agency of Bond Wolfe, said:
The six storey building is currently part-let, producing £130,234 per annum with an estimated annual rental value of £386,825.
The location provides easy access to Birmingham city centre via the Metro and affords excellent access to local transport networks including West Bromwich Bus Station, The Metro and the M5 Motorway, with Junction 1 less than two miles away.
The pedestrianised town centre is half a mile to the east while the main A41 Black Country Expressway can be accessed just a few hundred yards away.
Extensive shops, including Primark, Sports Direct and River Island, together with an Odeon Cinema, can be found in the nearby New Square development. The open spaces at Dartmouth Park and Sandwell Valley Country Park are within reach.
The development also has Features
- Prominent High Street location in West Bromwich Town Centre
- Substantial Freehold detached office building opportunity – 42,714 sq. ft. (3969.70 sq m)
- Part let producing £130,234 pax with an ERV of £386,825 pax
- Potential for residential conversion, subject to planning consent
- 106 on site car parking spaces
- Easy access via Metro to Birmingham City Centre
- Freehold – offers based on £3,375,000 equating to a low capital value of £79 psf
For more details see Kingston House or call James Mattin on 0121 524 1172, or email [email protected]
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