New lease of life for historic Warwick Post Office building
One of Warwick’s historic buildings is set for a new lease of life after being bought by Cobalt Developments.
Leading Warwickshire businessman and property developer Chris Swan, of Cobalt Developments, has purchased the Old Post Office in Old Square, Warwick and is planning to fully refurbish the building.
The ground floor of the Victorian three-storey building has been empty for around 15 years since the Post Office moved out, but Swan is hoping to attract a wide range of occupiers including leisure, retail, offices, financial services and clinics.
He said: “Although it is early days, the response has been encouraging. The Old Post Office is a landmark building in a very good location and it lends itself perfectly to the sort of development we have in mind. There is a strong occupational market in Warwick and we believe the space will appeal to a wide variety of users.”
Warwickshire commercial property agents Shortland Horne negotiated the purchase of the property on behalf of Cobalt Developments and the firm will now market the new scheme.
Shortland Horne’s investment specialist Jonathan Moore feels Warwick has great potential.
“As with any property, location is key and there are few better located properties in Warwick town centre, and none that offer such fantastic space.
“Recent lettings to Costa and The Original Factory Shop in the former Woolworths unit have shown that Warwick is still a very desirable location for occupiers. Cobalt Developments has a very good track record in Warwick having recently refurbished the ‘Wylies’ development on Market Street.
“The refurbishment of the Old Post Office will be undertaken to a high standard and I am excited about seeing this stunning building returned to its former glory.”
