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Cathedral Place 42-44 Waterloo St

12,933 SF Vacant Office Building Birmingham B2 5QB £2,300,000 (£178/SF) 6.34% Net Initial Yield

Office Space West Midlands Birmingham 42-44 Waterloo St, Birmingham, WMD B2 5QB

Investment Highlights

  • Grade II listed building
  • Prominent location at the junction of Waterloo Street and Temple Road West
  • Exceptional public connectivity
  • High-specification office building

Executive Summary

Cathedral Place comprises five office floors above a ground floor café / restaurant unit and totals 11,378 sq ft (1,057 sq m).
Seeking offers in excess of £2,300,000, exclusive of VAT.
A purchase at this level reflects a net initial yield of 6.34% and the potential to create a double-digit reversionary yield. Current contracted rental income of £155,123 per annum reflecting £40.27 per sq ft on the ground floor and £23.50 to £24.56 per sq ft on the offices.

Attachments

Marketing Brochure

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Building Size
12,933 SF
Building Class
B
Year Built/Renovated
1900/2009
Price
£2,300,000
Price Per SF
£178
Net Initial Yield
6.34%
NOI
£145,820
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
1,848 SF
Slab to Slab
9 ft
Building FAR
2.70
Land Acres
0.11 AC

Amenities

  • 24 Hour Access
  • Raised Floor
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 2,000 SF
  • Office
  • Partial Build-Out
  • Now

The property is available to let on new full repairing and insuring lease terms to be agreed.

  • 4th Floor
  • 2,000 SF
  • Office
  • Partial Build-Out
  • Now

The property is available to let on new full repairing and insuring lease terms to be agreed.

Space Size Space Use Condition Available
2nd Floor 2,000 SF Office Partial Build-Out Now
4th Floor 2,000 SF Office Partial Build-Out Now

2nd Floor

Size
2,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Floor

Size
2,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size 2,000 SF
Space Use Office
Condition Partial Build-Out
Available Now

The property is available to let on new full repairing and insuring lease terms to be agreed.

4th Floor

Size 2,000 SF
Space Use Office
Condition Partial Build-Out
Available Now

The property is available to let on new full repairing and insuring lease terms to be agreed.

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+44 7792 004467

  • Listing ID: 33507642

  • Date on Market: 14/10/2024

  • Last Updated:

  • Address: 42-44 Waterloo St, Birmingham B2 5QB

The Office Property at 42-44 Waterloo St, Birmingham, B2 5QB is currently available For Sale. Contact 23 Real Estate for more information.

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© 2024 CoStar Group

Cathedral Place | 42-44 Waterloo St
+44 7792 004467 x

Cathedral Place | 42-44 Waterloo St

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Martin Hamer

+44 7792 004467

+44 7792 004467

Barry Riley

+44 7785 255552

+44 7785 255552

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