A LANDMARK Altrincham building has been sold for nearly three quarters of a million pounds.

The office and retail premises at 1-7 Downs, Altrincham has been sold by Willan Investments to a private investment company, TELL Holdings Ltd, for £725,505.

The building at the corner of Ashley Road and The Downs comprises 6,826 sq ft with six offices suites on the three upper floors, the majority of which are let, and two ground floor units at 1 and 7.

The 600 sq ft retail unit at 7 the Downs has just been let to a hearing aid company on a five year lease.

The vacant leisure unit at No 1 is currently attracting a fair amount of interest given its enviable position at the apex of the building looking down Railway Street and Stamford New Road, the town’s main thoroughfare.

Daniel Lee, director of Regional Property Solutions, who acted for the vendor, said: “Following TELL Holdings purchase of the building it has appointed RPS as the managing and letting agents.

"Situated in a prime location it provides the ideal opportunity, through pro-active asset management, to achieve an uplift in rental stream.”

The iconic building is also home to a handsome clock which dates back to the early 19th century that is still keeping time for the town’s inhabitants today. It is regularly maintained by the original clock makers.

Regional Property Solutions and Thomas Willmax acted for the vendor.