2 Devon Way
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2 Devon Way
29,479 SF 66% Leased Office Building Birmingham B31 2TS £3,750,000 (£127/SF)
Investment Highlights
- Highly reversionary, Out of Town office investment
- Benefitting from excellent transport links and amenities
- Freehold
- Strategically located in Longbridge town centre, 6.5 miles Southwest of Birmingham
- Prominently located in Longbridge Technology Park
- BREEAM ‘VERY GOOD’
Executive Summary
Offers in excess of £3,750,000 (Three Million, Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 10.06% assuming purchaser’s costs of 6.52% and an anticipated Reversionary Yield of 15.74% once fully let. This represents a low Capital Value of £127.21 per sq ft.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
29,479 SF
Building Class
B
Year Built
2007
Price
£3,750,000
Price Per SF
£127
Percent Leased
66%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
9,826 SF
Building FAR
1.77
Land Acres
0.38 AC
Parking
98 Spaces (3.32 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Raised Floor
- Security System
- EPC - B
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The Second floor suite is available to let on new full repairing and insuring lease terms to be agreed.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 10,067 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 10,067 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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2nd Floor
| Size | 10,067 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The Second floor suite is available to let on new full repairing and insuring lease terms to be agreed.
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Mark Rooke -
Mark Johnson -
Max Sowter -
MK2 Real Estate Ltd
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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2 Devon Way
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