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18 bed business park

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18 bed business park

Lichfield Street, Walsall WS1
£725,000

Our Summary

  • The opa are pleased to present this exciting opportunity to acquire a substantial freehold property in the heart of Walsall, benefitting from prior approval for conversion into 14 self contained residential units
  • 263 acres, making it an ideal asset for developers and investors looking to capitalise on the strong rental market and ongoing regeneration in the area
  • This flexible space presents further income potential or alternative use options, subject to planning
  • This is a rare chance to secure a freehold block with planning already in place, strong fundamentals, and scope for significant capital and rental growth
  • Confirm existence and nature of any known planning or proposals for development
  • Prior approval for conversion of existing use class E(g) property to form 10no
  • Exceptional Conversion Opportunity – Prime Freehold Block in Central Walsall
  • Former Office Block With Planning For 14 x Self Contained Apartments
  • Prior Approval For Conversion of Class E(g) to Form x10
  • Walsall Planning Ref: 24/1365

Description

This is an exciting opportunity to acquire a substantial freehold property in the heart of Walsall, formerly used as an office block, which has prior approval for conversion into 14 self-contained residential units. The property boasts a prime location, with easy access to shops, transport links, and local amenities, making it a highly attractive proposition for both end-users and buy-to-let investors. The approved plans include the transformation of the existing structure into 10 one-bedroom and 4 two-bedroom apartments, all with generous layouts and excellent natural light, as well as a spacious ground floor commercial unit with flexible space and potential for alternative use options. With a rare private car park and a strong rental market, this property presents a rare chance to secure a freehold block with planning already in place, strong fundamentals, and scope for significant capital and rental growth.