Former BT exchange goes under the hammer
It boasts lovely views in a peaceful location but the owners of this former telephone exchange station are hoping to ring the changes.The 107 sq m building in Martham, is being auctioned at the end of the month and is described as a “unique opportunity to acquire a building that lends itself to a variety of potential uses” - and it could be yours for �12,000.
It boasts lovely views in a peaceful location but the owners of this former telephone exchange station are hoping to ring the changes.
The 107 sq m building in Martham, is being auctioned at the end of the month and is described as a “unique opportunity to acquire a building that lends itself to a variety of potential uses” - and it could be yours for �12,000.
Alternatively the Auction House in Norwich says that the site could be ideal for anyone wanting to invest some money in property ready for when there is an upturn in the economy.
The brick exchange building off Common Road is not near any houses, comes with off road parking and is connected to the water and electricity supply and has underground room for storage.
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It is located within a fenced off compound and has planning permission to be used as a storage facility.
Robert Hurst, auction surveyor, said it was quite rare for a former BT exchange to go under the hammer and that previous buyers had converted them into hairdressers, shops and holiday homes.
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Mr Hurst said: “It has good lovely views and is a very peaceful rural location. In the past we have seen people buy properties like this as an investment rather than put their money in a bank.”
For the auction the building is valued at between �12,000 to �18,000 and its current owners who bought it in an auction several years ago live in the area.
The auction takes place in De Vere Dunston Hall in Ipswich Road, Norwich on Thursday, May 28.
For more information call Auction House on 01603 221881 or visit www.auctionhouse.uk.net