Summary - CASTEC MOTOR SERVICES, GREAT BRICKKILN STREET WV3 0PW
Freehold site with planning permission for 48 apartments
Site area approximately 0.813 acres (very large plot)
48 marked off-street parking spaces and vehicular access
Vacant former industrial/warehouse — immediate possession
Mixed conversion and new-build of Victorian industrial fabric
Sold at auction — buyers should review legal pack and conditions
Located near Wolverhampton station and central amenities
Very high local crime and located in a very deprived area
A rare freehold development site in central Wolverhampton, offered with full planning permission (Ref: 19/01331/FUL) for 48 self-contained apartments. The scheme mixes retained Victorian industrial fabric with new-build elements across approximately 0.813 acres, and includes space for 48 marked parking bays and dedicated vehicular access. The building is vacant, enabling immediate possession and mobilisation.
This asset appeals to developers and investors seeking an urban redevelopment opportunity close to Wolverhampton station and local amenities. Strong digital connectivity and excellent mobile signal support modern build-spec requirements, and the permitted mix of studios, one- and two-bed apartments targets renting families and city professionals.
Buyers should note material negatives: the site sits in a very deprived area with very high local crime rates, which will influence lettings, management and insurance costs. The existing industrial structure is derelict and will require significant conversion works and probable remedial works to meet new-build residential standards. The property will be sold at auction, so purchasers must be prepared to act quickly and consult the full legal pack and planning conditions before bidding.
For the right developer or investor, the scheme offers clear planning-led upside in a major conurbation location. Early due diligence on construction costs, management strategy and local lettings market will be essential to convert the permitted consent into deliverable value.
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