12,238 SFOffice BuildingBirmingham B3 2RT£1,865,000 (£152.39/SF)8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
A rare opportunity to acquire a prime office with short term income with wholesale refurbishment potential.
A comprehensively refurbished Grade A building would demand £30.00 per sqft or £40.00+ for fully fitted accommodation.
Possibility of an engineered surrender before due expiry
Single let until December 2027
Future alternative use potential, subject to planning
Highly reversionary.
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £1,865,000 (One Million Eight Hundred & Sixty Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 8.5% based on the current net rent and allowing for purchaser’s costs of 6.26%. This also reflects a low capital value of only £152 per sq ft.
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Building Photo
