62 Caroline St - Caroline Point 2,723 SF Office Unit Offered at £495,000 in Birmingham B3 1UF
INVESTMENT HIGHLIGHTS
- Well located
- 984 years remaining on long leasehold
- 2 secure car parking spaces
EXECUTIVE SUMMARY
Caroline Point is a contemporary development of fourteen individual self-contained office units. This attractive four storey building is sympathetically designed within the Jewellery Quarter Conservation Area. Caroline Point is only a 15 minute walk from Birmingham City Centre This unit is 1005 sqft and can be made open plan or remained neatly partitioned into offices 2 secure parking spaces included.
PROPERTY FACTS
| Price | £495,000 |
| Unit Size | 2,723 SF |
| No. Units | 1 |
| Total Building Size | 14,156 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 2,831 SF |
| Year Built | 2008 |
| Parking Ratio | 1.2/1,000 SF |
1 UNIT AVAILABLE
Unit 3-5-6
| Unit Size | 2,723 SF |
| Price | £495,000 |
| Price Per SF | £181.78 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.54% |
| NOI | £42,273 |
DESCRIPTION
This investment opportunity consists of three first floor units
within Caroline Point.
Unit 3 - 60 m2 (645 sqf)
Unit 5 - 99.6 m2 (1072 sqft)
Unit 6 - 93.6 m2 (1006 sqft)
SALE NOTES
All three units are currently occupied by Freedom From
Torture with a total rental income of £42,480 per annum at a
NIL of 7.08%. The tenants have a new lease for the 31st Jan
2023 for 3 years 3 secure parking spaces included. £600,000 All on Long Leasehold with 984 years remaining.
AMENITIES
- 24 Hour Access
- Security System
- Accent Lighting
- EPC - C
- Roller Shutters
- Air Conditioning
