Large industrial shell ideal for an experienced developer seeking high uplift potential.
Approximately 10,000 sq ft across three storeys, high ceilings throughout
Industrial brick façade with strong conversion potential
Potential for residential conversion subject to planning (not granted)
Requires substantial refurbishment and services upgrade throughout
Located in a very deprived area with very high recorded crime levels
Sold at online auction; immediate deposit and fees on winning bid apply
Buyer pays £1,500 admin fee and £1,500 buyer’s premium on exchange
No appliances tested; purchasers must complete their own due diligence
A substantial three-storey commercial unit in Parkhall Works offering about 10,000 sq ft of warehouse and storage space across multiple levels. The building’s industrial brick character and high ceilings create clear potential for subdivision into multiple commercial units or conversion to residential subject to planning consent. This is a value-add opportunity aimed at experienced developers or investors who can manage planning, refurbishment and marketing in a challenging local market.
The site requires significant work: internal refurbishment, likely updating of services, and secure planning permission for residential use if that route is taken. The area is described as very deprived with very high crime levels, so budgets should allow for security, remedial works and extended voids. No appliances or services have been tested; buyers must conduct their own due diligence and rely on the legal pack for full details.
The lot will be sold by online auction with a guide price of £150,000–£200,000. Successful bidders must pay a deposit and fees immediately; a £1,500 administration fee and a £1,500 buyer’s premium are payable on exchange. These costs and any listed disbursements in the legal pack are material and should be factored into acquisition and refurbishment budgets.
For the right buyer this property can deliver strong uplift: large floorplates, high ceilings and a prominent industrial façade are attractive for creative conversions, multiple-unit rental schemes or continued commercial use. However, the combination of planning uncertainty, refurbishment requirements and local market challenges mean this is best suited to an experienced developer or investor prepared to manage risk and a potentially lengthy programme.
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