Albion Works, the trio of buildings in the Birmingham Jewellery Quarter have been sold for £3 million!
The buildings are set to be converted into residential accommodation.
The properties are Victoria Mansions in Hall Street, Albion Court in Frederick Street and the Squirrel Works in Regent Place – all covering over 50,000 sq ft of land.
The Squirrel Works was bought by Liv Property, and Victoria Mansions has been acquired by AJ Antique who plan to create an antique centre.
Director with property consultancy Siddall Jones, Edward Siddall-Jones, who also worked on the deals said: “This is a great time to be involved in the property market in Birmingham. There’s a real buzz about the city, with a lot of inward investment coming to the area.
“We’re delighted to have been able to secure these three deals and look forward to each of these great spaces being given a new lease of life.
“The Jewellery Quarter is a key area of focus for us and these deals show that it is right at the heart of Birmingham’s property market at the moment as well. We expect this to continue into 2016 with a lot of new leisure and residential opportunities coming to the quarter.”
Victoria Mansions is a Grade II listed building and is 15,443 sq ft of mixed use space including a range of ground floor retail units that has access onto Hall Street. It also houses several office units and residential conversions.
Albion Courts’s and Squirrel Works’s new owners are hoping to convert the buildings into residential properties.