Six office buildings in Birmingham - described as 'gold dust' when they went on the market just three months ago - have been sold for £3 million.
The properties at 214, Hagley Road, Edgbaston, total 11,100 sq ft and were sold in a three-month period by Solihull-based property company Earlplace.
Tim Malby, managing director of Earlplace, believes the price achieved will have set a new record for the area.
He said: "The main building commanded £240 per square foot. For this part of the Hagley Road this is an exceptional figure and is 25 per cent higher than our expectations when we acquired the investment."
Two of the Regency-style buildings were refurbished by Earlplace's subsidiary, Trills Interiors, following surrenders of two leases which netted substantial premiums.
Nigel Tripp of KWB acted for Earlplace in the disposals.
Earlplace has also concluded two multi-million pound deals outside the region.
It has acquired a prominent site in Bristol to develop 34 luxury apartments for the over 55s. The scheme has an estimated completion value in excess of £7 million.
Earlplace has also sold the 12.75 acre former Cattle Market site in Northampton to Kilmartin Properties in an off-market transaction. Elsewhere in the region, Earlplace have sold all their flats on the Parade in Leamington Spa, while 75 per cent of Clarendon Court also on the Parade has also been sold within 12 months of practical completion.