Search

BT exchange fails to connect with buyers

PUBLISHED: 10:29 01 June 2009 | UPDATED: 14:03 03 July 2010

A former Norfolk BT exchange is still up for grabs from just £12,000 after it failed to connect with bidders at an auction.

The 107 sq m building in Martham had been put up for auction on Wednesday - but no bidders were prepared to reach its reserve price.

A former Norfolk BT exchange is still up for grabs from just £12,000 after it failed to connect with bidders at an auction.

The 107 sq m building in Martham had been put up for auction on Wednesday - but no bidders were prepared to reach its reserve price.

It was valued between £12,000 and £18,000.

Following the lack of a sale the Auction House in Norwich is now trying to see if it can negotiate a deal between any potential buyers and the exchange's local owner.

The Auction House describes the site as a “unique opportunity to acquire a building that lends itself to a variety of potential uses” and had particularly attractive rural views form its elevated position”.

Based off Common Road the former exchange is not near any houses, comes with off road parking and is connected to water and electricity supply.

It currently has planning from Yarmouth Borough Council to be used as a storage facility. Previous former exchanges have been sold and converted into hairdresssers, shops and holiday homes.

Auctioneer Trevor Blythe, commentating on the non-sale, said: “Sadly the reserve price was a little too high for what people were prepared to bid. I suppose money is tight at the end of the day.”

Anyone interested in the former telephone exchange can contact the Auction House on 01603 221881.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad. Coronavirus is one of the greatest challenges our community has ever faced, but if we all play our part we will defeat it. We're here to serve as your advocate and trusted source of local information.

In these testing times, your support is more important than ever. Thank you.

Most Read

Most Read

Latest from the Great Yarmouth Mercury