An office building in Perry Barr has been acquired for £1.5 million by property developer Fast Item.
The group has acquired the 30,000 sq ft building, at 307 Walsall Road, with the aim of refurbishing it and transforming it into residential apartments.
Thomas Morley, from property consultancy Harris Lamb which acted on the deal, said: "The site doesn't occupy a traditional office location and the building lends itself well to a residential conversion.
"This has been the latest office disposal where the purchaser intends to convert an office building to residential.
"There is a still a real appetite for these types of opportunities in the current market.
"Around 90 per cent of the enquiries generated for the Perry Barr property were those recognising the potential residential opportunity and looking to exercise their permitted development rights."