Bond Wolfe brings Black Country investment opportunity Kingston House to the market for offers based on £3,375,000
A prominent Black Country office building investment opportunity with the potential for residential conversion, subject to planning permission, has been brought to the market by commercial property 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.
James Mattin, managing director agency of Bond Wolfe, said: “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.”
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. It 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, and 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.