Commercial agents Siddall Jones have secured a buyer for the long leasehold interest in the single commercial unit at Elevate Property Group’s Heaton House development in Birmingham’s Jewellery Quarter.
The 3,000 sq ft of office space was on the market for £450,000. The undisclosed purchaser of the new 150 year lease is an owner-occupier.
Heaton House is a development of 14 freehold townhouses and 42 apartments, including six lofts, plus the restored Georgian, 3,455 sq ft, five bedroom villa that gives the project its name.
Sam Meeten, land director at Elevate Property Group, said: “We have worked with Siddall Jones on a number of projects and indeed, it was Ed Siddall-Jones that introduced us to one of our most recent projects in Birmingham, Gunsmith House.
“As the city’s most proactive commercial agent, Siddall Jones were the natural choice for us when we came to put the commercial space at Heaton House on the market.”
Ed Siddall-Jones, managing director of Siddall Jones, said; “We were delighted to appointed by Elevate to handle the sale of the office building, securing a sale quickly to a private purchaser who had been looking for modern office accommodation in the quarter for some time.
“We witnessed considerable demand for the space, which was offered in a shell and core condition, reflecting the vibrancy of Birmingham’s owner-occupier market.
“This sale underscores our commitment to delivering exceptional value to our clients and we look forward to working with Elevate on their forthcoming projects across the Midlands.”