Assay Studios | Newhall St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Assay Studios Newhall St
28,219 SF 100% Leased Office Building Birmingham B3 1SF £5,800,000 (£206/SF) 10.20% Net Initial Yield
Investment Highlights
- Assay Studios occupies a prominent corner position on Newhall Street at the intersection with Charlotte Street in the heart of the Jewellery Quarter.
- Strong ESG credentials; focus on preserving a historic building whilst also undertaking numerous sustainability initiatives.
- Opportunity to redevelop the large flat roof area to provide an additional club /community accommodation.
- Comprehensively refurbished in 2016 to accommodate modern office space whilst also restoring and retrofitting some of the iconic original features.
- A modern creative hub which extends to a NIA of 28,219 sq ft (2,621.60 sq m) and is arranged over basement, ground and three upper floors.
- Freehold.
Executive Summary
Assay Studios is a fully let, multi-tenant office property located on Newhall Street in Birmingham’s vibrant business district. The property totals 28,219 sq ft and is currently leased to 32 tenants, providing a diverse and steady income stream.
Offers are invited in excess of £5,800,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 10.20%, with a Reversionary Yield of 12.00%, offering investors an attractive return on investment and future income growth potential.
Offers are invited in excess of £5,800,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 10.20%, with a Reversionary Yield of 12.00%, offering investors an attractive return on investment and future income growth potential.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
28,219 SF
Building Class
B
Year Built/Renovated
1878/2016
Price
£5,800,000
Price Per SF
£206
Net Initial Yield
10.20%
NOI
£591,600
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
5,644 SF
Building FAR
1.14
Land Acres
0.57 AC
Amenities
- 24 Hour Access
- Atrium
- Kitchen
- Storage Space
- Bicycle Storage
- Shower Facilities
- Wi-Fi
1 of 1
-
Chris Dickin -
Rob Atkins -
George Freeman -
Alice Edgedale -
Clay Street Ltd
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Assay Studios | Newhall St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.