It may have been let, sold or temporarily removed from the market by the agent.
Last Updated: 06th Jul 2022
This property is no longer available.
Edge of City Office Investment Opportunity
- Located on Aston Cross Business Village, an established business park strategically positioned on the edge of the City and within 2 miles of junction 6 of the M6 motorway.
- Secure income with a WAULT of 8.03 years to expiry.
- Six storeys office building comprising 36,044 sq ft.
- Multi-let to three tenants with 100% of the income representing 'very low risk' covenant strengths (Creditsafe).
- 82% occupied producing a headline rent of £394,186 per annum reflecting a low rent of £13.38 per sq ft.
- The rent will be topped up to £482,976 per annum.
- Freehold.
- Reflecting an attractive net initial yield of 8.75% and a low capital value of £144 per sq ft, assuming 6.60% standard purchasers costs.
Location Highlights
A truly global city and the second largest in the UK, Birmingham will host the Commonwealth Games in the summer of 2022 and will benefit from improved accessibility with the delivery of HS2.
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.
