Luxury apartments planned for former offices
Twenty apartments are set to emerge from a former office block in Stafford following the sale of the building.
Key Land Capital has acquired Image House at 69-70 Foregate Street, about 200 metres away from the town centre and opposite the Madford Retail Park and the former Stafford General Infirmary.
The detached 12,146 sq ft building, which was originally purpose-built for offices and has on-site parking, was sold with planning permission for a conversion to residential use.
James Mattin, managing partner at Bond Wolfe, said: “We have enjoyed tremendous success over the last year with the sale of office to residential conversion opportunities, as developers continue to see real potential with these types of opportunities.”
Bond Wolfe sold Image House on behalf of a private developer, and Key Land Capital, owned by partners Alex Sutherland and Kevin Sharkey, will now carry out the residential conversion.
The scheme, which has already been drawn up and approved by Stafford Borough Council, will create a mix of 20 one and two bedroomed flats set out across three floors.
Kevin Sharkey, director at Key Land Capital, said: “Stafford has been an area we have been looking at for some time. It is a growing town and has a strong demand for luxury apartments for young professionals. Image House will offer high quality accommodation but still affordable enough for first time buyers.”
Other property deals concluded by Bond Wolfe this year include Society House, the former West Bromwich Building Society headquarters at 374 High Street, West Bromwich, Metro Court, the former Yellow Pages Headquarters at 150 High Street, West Bromwich, and K2, the ex-Kays catalogue building on The Tything, in Worcester.
Mattin added: “As it stands, supply cannot meet the continued demand and we are keen to hear from other owners interested in selling similar properties.”
