Developer buys Wolverhampton office block and plans residential conversion into 40 flats
A developer has bought a prominent office block in Wolverhampton city centre and now plans to convert it into up to 40 flats, in a deal assisted by Bulleys and NG chartered surveyors.
Bulleys, the leading Midlands industrial and commercial property consultancy, secured the £755,000 deal for Evans Mann Commercial Ltd to purchase George House on Bond Street from Amjad & Sons Properties Ltd, represented by NG.
The three-storey premises measuring 11,650 sq ft are located on the corner of Bond Street overlooking the grounds of St John’s Church, an established professional and commercial quarter which is a close walk away from the city’s main retail area.
Thomas Mann of Evans Mann Commercial Ltd said: “We’re thrilled to have purchased this great property which is in the perfect location for residential conversion.
“Once the remaining business tenants relocate out of George House this summer, we hope to get permitted development plans through to add another floor, which has been done on neighbouring properties in the area, and to create up to 40 flats in a residential conversion.
“It will be a really exciting plan, employing plenty of construction workers, and bringing more people back to live in what’s becoming a thriving little community in the middle of Wolverhampton city centre.”
James Bird, a senior associate at Bulleys, said: “We were delighted to secure the sale of this office block to Evans Mann which plans to build much-needed accommodation in Wolverhampton city centre, subject to planning permission.
“The building is based in an area near to lots of bars, restaurants and other public amenities, plus it has a self-contained car park and is perfectly located with easy access to the A4150 ring road.”
Charlotte Steggles of NG chartered surveyors, said the vendor Amjad & Sons Properties Ltd had originally bought George House as an investment but had been keen to sell to enable residential development.
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Established in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.