Well-known Jewellery Quarter building sold for £1.2 million

Commercial agents Siddall Jones have sold a prestigious office building situated off St Pauls Square in Birmingham for £1.2 million.

The purchaser of 34-35 Ludgate Hill in the Jewellery Quarter is Absolute Interpreting and Translations Ltd and Siddall Jones has sold the 4,946 sq ft property on behalf of a private investment company.

The building’s five floors had been recently refurbished and the property comes with secure parking behind roller shutter doors.

Siddall Jones was recently named top commercial agent in the third quarter of EG Radius rankings with 56 deals – a result achieved despite the challenging economic climate.

Managing director and founder Ed Siddall-Jones said the transaction underscores the resilience of the owner-occupier market.

He said: “This sale not only highlights the enduring strength of the owner-occupier segment but also showcases Birmingham's attractiveness as a hub for commercial real estate investments.

“We are pleased to have facilitated this transaction within a strict timescale proscribed by our client who needed to ensure completion before the end of the year.”

Stephen Gooden at law firm Standley & Co acted for the seller, with Cherry Elliott at Higg LLP advising the purchaser.

Mr Siddall Jones added: “This strategic sale contributes to Siddall Jones' track record of successfully managing high-value commercial property transactions.

“The firm's comprehensive services extend beyond agency and investment, encompassing property management for both private and public sector clients.”

Pictured: Emal Haidari, head of interpreting and translations department, Absolute Interpreting and Translations Ltd with Ed Siddall-Jones