22nd June 2016
Three Gloucester city centre office buildings sold for residential conversion
Property consultants Alder King have sold the freehold of the former Treasures Solicitors’ offices in Gloucester city centre for residential conversion.
The three adjacent buildings at 17, 17a and 19 St Johns Lane, close to Gloucester Cathedral, were sold with planning consent for 12 flats to a local developer off a guide price of £550,000.
The Sweet Success tea room and catering company, which occupies the ground floor of 19 St Johns Lane and a store to the rear of the premises, will be retained.
The sale was brought about by the merger last year of Treasures Solicitors and Langley Wellington which resulted in the Treasures team relocating to Langley Wellington’s larger premises in Gloucester and Cheltenham.
John Hawkins, associate at Alder King’s Gloucester office, said: “These buildings are in a very desirable location with pleasant views to the rear across the Cathedral and will make wonderful dwellings after conversion. As a result we had very strong and competitive interest from developers keen to acquire such a unique and well-located property and we look forward to seeing the redevelopment over the coming months.”
The three properties provide approximately 8,778 sq ft of space. Alder King acted for the vendor. The purchaser was represented by Kevin Toombs.