Redvers House, a landmark 14-storey office block in central Sheffield, is up for sale with a £7m price tag.
The property, on Union Street in the heart of the city close to St. Paul’s Place, includes a three-storey retail unit let to Currys for the next five years with an 11 storey office tower above.
The offices are currently occupied by Sheffield City Council who are intending to vacate by the end of this year.
Martin Crosthwaite of Crosthwaite Commercial, who is acting on behalf of LPA Receivers as joint agents with London based Pyle Owen, said the building could remain as offices or be converted to flats.
He added: “This is a fantastic opportunity for someone to acquire a landmark building in the centre of Sheffield with huge potential.
“We are already experiencing a high level of demand from investors and developers, many of whom are based outside Sheffield.
“It is encouraging that so much confidence is being shown in the city by external investors.
“Whether the building will remain in office use or be converted to residential under the new permitted development rights remains to be seen but we are encouraged by the early interest received.”
Redvers House was built in 1971 by the construction firm Newman Doncaster Associates. It had copper glass which changed to green in a £7m refurbishment in 2005.
Elsewhere in Sheffield, “a number of parties” have made offers on former hotel Hallam Tower in Broomhill.
Agents Knight Frank say they hope to be able to announce a buyer in the next two weeks.
The 12-storey building dates back to 1965 when it opened as Sheffield’s first £1m hotel.
Once considered the height of opulence, it had restaurants and bars, a ballroom, heated swimming pool and three-and-a-half acres of gardens.
It closed its doors for the last time in 2004 and was put up for sale nine years later.
In Sheffield city centre another conversion of a well known tower block - Telephone House - is under way as well.
Vita Student is spending £35m on transforming the 15-storey building on Wellington Street into 347 apartments which should be complete in August next year.
The landmark 42-year-old building, which overlooks Charter Square, will become mostly one-room studios costing £82,000 or more, offering a “four-star hotel experience”.
The firm says there are 60,000 students in the city and only 25 per cent live in purpose-built accommodation. The building was sold after the last remaining BT staff moved out last year.