100A Widney Rd
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100A Widney Rd
1,481 SF Office Building Solihull B93 9BN £400,000 (£270/SF) 7.50% Net Initial Yield
Investment Highlights
- A former church that has been converted into quality offices
- Kitchen and WC Facilities
- Car parking
Executive Summary
The premises are let by way of a new 5 year fully repairing and insuring lease from 29th January 2024, at an annual rent of £30,000. As the current tenant carried out the refurbishment works, a rent-free period was provided by our client – our client will top-up the rent until the rent-free period expires on 22nd April 2027.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,481 SF
Building Class
B
Year Built
1965
Price
£400,000
Price Per SF
£270
Net Initial Yield
7.50%
NOI
£30,000
Tenancy
Single
Number of Floors
2
Typical Floor Size
741 SF
Building FAR
0.22
Land Acres
0.15 AC
Amenities
- Security System
- EPC - D
- Storage Space
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100A Widney Rd
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