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Birmingham Post
Birmingham Post
Business
Laura Watson

Private investor snaps up historic office building in Staffordshire

A historic Grade II-listed office building has changed hands following a £595,000 acquisition.

Mansell House, in Bore Street, Lichfield has been snapped up by a private investor who paid the full asking price for the property.

The new owner now plans to refurbish the three-storey Georgian property - which boasts an extension, 3,380 sq ft of office space, car parking and a cellar.

The vacant building - which previously belonged to Support Staffordshire - is now being re-marketed by Sutton Coldfield-based commercial property consultants Burley Browne for retail, leisure and office use.

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Associate director Ben Nicholson said: "Lichfield is very popular with investors and we were confident that significant interest could be generated. The marketing followed the successful disposal of 28 – 30 Bore Street, which again created competing bids, and Garrick House on Queen Street, another Grade II-listed office building.

"Demand for freeholds in Lichfield is really strong and, on the few occasions they become available, there are always healthy numbers of interested parties declaring an interest.

"These sales clearly demonstrate that, despite the obvious concerns surrounding Covid-19 and the economic outlook, the freehold office market is remarkably healthy."

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