Constantine Land has instructed Colliers International to dispose of 7 New Market Street, in Birmingham city centre.
Formerly known as Britannia House, the 50,000 sq ft scheme has been stripped back to a ‘shell and core’ condition, ready for refurbishment.
The building, prominently located on the corner of New Market Street and Great Charles Street, was once home to the popular wine bar Carpe Diem and Putsmans Solicitors, who merged with Shakespeares.
Built in 1959, the premises provides circa 50,000 sq ft of space over ten floors, with typical floor plates around 4,850 sq ft. There is secure parking for 17 cars in the basement and decked area, plus ample storage space.
Associated Architects has drawn up a refurbishment plan for the development. This includes re-cladding the exterior and the addition of a large, open-plan ground floor reception and entrance area, relocated from Great Charles Street to New Market Street. The design has planning permission for an office scheme providing a BREEAM “Very Good” rating.
Matt Long, director in the national offices team at Colliers International, says the building has wide appeal.
“The building’s location in the central business district, with a prominent frontage onto Great Charles Street and easy access to Birmingham’s shops, bars, restaurants, leisure attractions and public transport make it an exciting opportunity for an owner occupier or investor alike. The property lends itself to a variety of uses, subject to planning,” he said.
Colliers International is seeking expressions of interest in the first instance.