Office-to-residential development with planning consent

Part complete office-to-residential development with planning consent for conversion to 98 apartments over Ground to Fifth Floors and new Mezzanine. Potential to deliver 7 additional units at Sixth Floor. Iconic art deco style building formerly occupied by West Bromwich Building Society. The property is detached and of steel frame construction with a combination of concrete and glazed elevations, set beneath a flat roof. Potential for scheme to generate annual rent of circa £1m. Flats previously sold off-plan at over £12m. Prominent location near to West Bromwich town centre fronting High Street. Building extends to 62,210 sq ft (Gross Internal Area). Site area of 1.1 acres, including adjacent car park of 0.5 acres (circa 95 car parking spaces total). Building and/or car park may suit a range of alternative development opportunities, including potential new build development, a supermarket, apart-hotel, mixed use scheme, and leisure/wedding venue, subject to planning. £25m Town Deal secured to fund regeneration of West Bromwich Town Centre.