Property Information
Address:
Aqueous II, Chester Street, Birmingham
, B6 5RQ
Price: Property no longer available.
Size: 36044 sq ft3348 sqm
Primary Category: Investment
All Categories:
Investment, Office,
Property Ref/Movehut: MH668457
Property Ref/Agent: 111296
*Please use the agent ref when calling the agent directly.
Property description
UNDER OFFER - EDGE OF CITY OFFICE INVESTMENT OPPORTUNITY
WAULT of 6.4 years to expiry
36,044 sq ft
82% occupied by three tenants
100% of the income representing 'very low risk' covenant strengths (Creditsafe)
Annual rent of £351,539 (£11.93 per sq ft)
Freehold
EPC B
Offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT.
8.25% Net Initial Yield
10.56% Reversionary Yield
£111 per sq ft capital value
Striking six storey office building.
Excellent road, rail and air links.
142 on-site car parking spaces.
Multi-let to three tenants.
Cycle parking and showers.
Impressive views and natural light.
Range of meeting spaces and storage.
Two 10-person passenger lifts.
Air conditioning.
Suspended ceilings with recessed LED lighting.
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