Wykeland Properties has purchased a 11,974 sq ft mixed-use unit and land in Hull in a deal worth more than £1 million.
The building, Warehouse 6, dates back more than 100 years and sits alongside the Princes Quay shopping and leisure centre in Hull.
Current occupiers, including ASK Italian Restaurant, will remain in the three-storey building as part of the sale.
The sale to Wykeland was completed by law firm Shulmans acting on behalf of Hull Realty.
The deal concludes complex legal proceedings spanning more than a year, that involved varying the lease held by Hull Realty from Hull City Council and part surrendering and negotiating a new lease for Warehouse 6 in readiness for sale.
Permission for the lease was also granted from Highways England with respect of the construction works underway on Princes Quay Bridge.
The pedestrian footbridge that crosses the A63 is part of a multi-million-pound transformation project to develop the waterfront and improve public access.
Peter Woods, from the Shulmans Commercial Property team, said: “The ongoing investment in Hull’s infrastructure represents an exciting time for the city, and this deal enables Hull Realty to focus its future business interests on Princes Quay.”