126 Colmore Row
Birmingham B3 3AP
Office Property For Sale
INVESTMENT HIGHLIGHTS
- One of Birmingham’s most prestigious addresses
- 86% of upper floors refurbished
- Boutique office building with leisure offer on the ground floor
EXECUTIVE SUMMARY
Offers in excess of £2,550,000 (Two Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 8.85% and a reversion to approximately 10.74% after allowing purchasers costs of 6.39%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,433 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1900/2017
Price
£2,550,000
Price Per SF
£244
Net Initial Yield
8.85%
NOI
£225,675
Percent Leased
55%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
2,250 SF
AMENITIES
- 24 Hour Access
- Security System
- EPC - C
- Lift Access
- Air Conditioning