The Shire House in Lichfield — currently laid out in three self-contained office suites with parking spaces for 45 cars — was purchased by the developer to be replaced by a new four-storey residential development.
Key Land Capital will apply to Lichfield District Council for full planning consent for a private rented sector scheme to convert the site of the existing 10,064 sq ft of office space.
The scheme will offer 35 high-quality apartments available for rent.
A small five house development is also proposed for land at the rear of the PRS scheme.
Kevin Sharkey, founder of Key Land Capital, said: “Our team has an enviable track record of creating outstanding residential developments in desirable locations, and we are delighted to have added Shire House to our portfolio.
“We have exciting plans for the future of Key Land Capital and the current crisis hasn’t dampened our ambition.
“There’s nothing more satisfying than being able to breathe new life into a neglected building.”
Key Land Capital hopes to be in a position to start on site before the end of the year.
The office building was formerly occupied by Primis Mortgage Network and TMA Mortgage Club.