Prime office space in Birmingham city centre sold to media company for £550,000
An expanding media group has purchased more than 4,000 sq ft of office space in Birmingham city centre in a deal sealed by commercial property agency Bond Wolfe.
Fenice Media paid £550,000 for neighbouring office suites at 137 Newhall Street, a highly sought-after location in the Jewellery Quarter and a short walk from Colmore Row.
The offices combine to extend to 4,063 sq ft and are based on the lower ground floor, with direct access to the secure gated car park at the rear.
James Mattin, managing director – agency at Bond Wolfe, explained that the offices have a commissionaire manned reception and are newly refurbished throughout, offering light, open-plan space and separate archive and storage rooms.
Mr Mattin said: “This sale is reflective of a growing trend in the market set by current office tenants who are looking to own their own space.
“Newhall Street is set so central to Birmingham city centre, and has the added benefit of secure allocated parking spaces.
“It is well connected to the wider region while being surrounded by the array of amenities that come with city centre surroundings.”
Fenice Media operates Corporate LiveWire which provides business professionals in travel and law with information on the latest news and developments around the globe.
The company also creates other online content, printed books and digital magazines, including The Luxury Travel Guide.
Fenice Media received legal advice from Anees Rehman at Eddowes Perry & Osbourne Solicitors, based in Sutton Coldfield, on its purchase, while Andrew Jones at Wright Hassall, based in Leamington Spa, acted for the undisclosed seller.
Anyone looking to buy or sell similar properties can contact Mr Mattin on 0121 525 0600 or 0121 524 1172, or email him at [email protected].