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Victorian building sale agreed

A Victorian building that used to contain a popular canalside bar and restaurant in Birmingham’s Jewellery Quarter has been sold for £1,534,000 in a major investment deal.

Birmingham commercial property consultants Siddall Jones handled the sale of 21 Ludgate Hill on behalf of its private company client to a UK-based investor.

The freehold property, with a vacant ground floor bar and restaurant that was formerly Stirlings Bar & Lounge, also has five vacant apartments on its upper floors. Built in the 1850s, the red brick building has three storeys and a basement and is located on the banks of the Birmingham & Fazeley Canal, with frontages onto Ludgate Hill.

After arranging the sale, Siddall Jones has now been instructed by the new owners to find tenants for the 4,000 sq ft commercial element over two floors of the property.

Managing director Ed Siddall-Jones said: “This stunning Victorian building is a great example of an externally unaltered canalside works on a corner site.

“For many years and until recently it was a popular bar and restaurant, and with five apartments above it offers a substantial investment opportunity to the new owner."

Maynard Burton of mfg Solicitors acted for the vendor on the deal.