BT exchange fails to connect with buyers

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.

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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.

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