The historic former home of Midland Bank in Birmingham looks set to house a new bar or restaurant.

A new planning application has been submitted for a change of use of the building, at 33 Bennetts Hill in the Colmore Business District, from offices to a bar or restaurant.

This is the first significant move by the new owner Real Estate Investors (REI) following its £1.5 million purchase of the building in April.

The deal marked the AIM-listed firm's tenth purchase of a building in Birmingham city centre.

Few details are given with the application other than REI is seeking permission for the change of use and that it plans to carry out works in the interior and exterior of the vacant building.

The 8,127 sq ft, Grade II listed building was designed by Thomas Rickman and completed in 1835.

It was acquired from receivers GVA, acting on behalf of Royal Bank of Scotland, and REI's owner Paul Bassi said at the time of the deal: "This historic and unique building is an excellent addition to our growing city centre portfolio.

"We are already in discussions with a high profile occupier and hope to announce a letting in the near future."

Situated on the corner of Waterloo Street and Bennetts Hill, it would join a busy and competitive area for bars and restaurants with Pure, Bureau, Old Joint Stock and Colmore Bar and Grill just some of the names within very close proximity.

And recently, Indian restaurant group Lasan announced it planned to open a new outlet at nearby 130 Colmore Row.