Society House, 374 High Street, West Bromwich, West Midlands, B70 8LU

Society House is an 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.

A gated surface car park of approximately 0.5 acres lies to the south-west side of the main building and provides approximately 80 car parking spaces.

* 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.

* 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.

* Freehold.

* Offers invited.

Works have commenced on site to convert the building to 98 new apartments over Ground to Fifth Floors. The current scheme includes creation of a new mezzanine level between Ground and First Floors. Consent under permitted development rights was also previously granted to deliver a further 7 units at Sixth Floor (previously used as plant area). The building may also suit a
range of alternative scheme configurations or use types.

The property is at a relatively early stage of conversion having been stripped back to shell condition (perimeter glazing remains in situ). Works have commenced internally, including the installation of internal partitioning and first fix electrical and plumbing installations in parts, being at varying degrees of completion throughout the building.

The surface car park provides opportunity for individual spaces to be sold for a premium to apartment owners, or could suit a potential commercial parking operation. It would also be well-suited to a range of alternative development opportunities which could include new build development (subject to obtaining necessary planning consents).