A landmark 14-storey office block in central Sheffield has sold for £7m - and is set to become flats.
In one of the largest property transactions in Sheffield this year, Crosthwaite Commercial negotiated the sale of Redvers House to Make Space - a private rented specialist business within The Minton Group from London.
The landmark property sits at the corner of Union Street and Furnival Gate and totals over 110,000 square feet, including a three storey retail store let to Currys until 2019.
Until December last year, the 11 floors of offices were occupied by Sheffield City Council’s social services department, who have now re-located to the Moorfoot Building, and Make Space has already submitted an application to the council for prior approval to a change of use from office to residential. The developers are proposing a total of 175 high quality studio apartments together with a 5,000 sq ft communal hub complete with cinema room, dining area, fully equipped gym and various co-working and relaxation lounges.
Crosthwaite Commercial and Pyle Owen acted for the vendors and Make Space were un-represented.
Martin Crosthwaite, of Crosthwaite Commercial, said: “It is good to see national companies such as Minton investing in the city.”