The Old Stock Exchange building in the heart of Birmingham’s commercial district has been put up for sale.
The 26,065 sq ft, self-contained office building, which comprises six storeys and a basement, is currently vacant and is being offered with immediate possession. The building could be repositioned into an office, hotel or educational space and already holds use class E and F1(a) education planning consent.
Built in 1928, the building includes a range of period features, including oak panelled rooms, a feature staircase and the original banking room.
Theo Holmes, head of office agency in the Midlands at CBRE, which has been appointed to market the opportunity, said: “The Birmingham office market is seeing high demand, with take-up in Q1 up 45% on the same period last year. There is a particular focus on Grade A office space, and the Old Stock Exchange is one of the few buildings in the traditional core at this size available freehold. Appealing to a variety of future uses, the building’s flexible open plan layout allows buyers to tailor the space to their needs, while its heritage and period features lend character, charm and gravitas.
“Birmingham is an extremely promising investment opportunity, with a host of regeneration projects announced or underway. The Old Stock Exchange benefits from being within spitting distance of both Central Heart, a vibrant new neighbourhood, and the high-speed rail network, HS2. With top quality space in short supply, we’re expecting a surge of interest in this rare opportunity in Birmingham’s city centre.”
