A prime retail and leisure building in Birmingham city centre has been sold in a £4 million deal.
Temple Buildings, a part grade II-listed property on the corner of New Street and Temple Street, has been acquired from Hortons by a private investor.
The complex comprises two adjoining properties, 49-50A New Street and 19-20 Temple Street, which together total 10,055 sq ft.
The ground floor units are let to clothing retailer Moss Bros, Ryman stationers, bubble tea café T4 and Everyman Barbers.
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The upper floors of 19-20 Temple Street are let to Vogues Holdings for residential use.
Birmingham-based agency MK2 Real Estate sold the building on behalf of Hortons.
Director Mark Johnson said: "Despite the economic challenges over the last few years, Birmingham's retail and leisure market has remained resilient, with positive levels of take up and tenant demand.
"Temple Buildings sits on the main thoroughfare from Grand Central to the Colmore Business District and the popular bars and restaurants in the area, with high footfall and passing trade as a result."
Steve Tommy, head of asset management with Hortons, added: "The disposal of Temple Buildings is part of our ongoing strategy to reinvest in both existing and new projects within the industrial sector."
