Log In/Sign up
Your email has been sent.
10 Livery St 61,695 sq ft 100% Let 4-Star Office Property Birmingham B3 2NU £29,820,000 (£483.35/sq ft) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in the heart of the CBD
- WAULT of 10.4 years to expiry (6.6 years to break)
- Adjacent to Snow Hill Station
- Highly secure office income
EXECUTIVE SUMMARY
Newly repositioned and refurbished prime mixed use office building totalling 63,704 sq ft IPMS-3 across ground and five upper floors.
Multi-let at a total contracted rent of £2,149,884 per annum (including rental guarantees). The contracted office income equates to a low £32.85 per sq ft, reflecting a 42% discount to prime Birmingham rents of £46.50 per sq ft, and provides significant future growth potential. The office income is highly secure against well established, national occupiers. 10% of the total income attributed to a global medical brand on a new 15 year lease.
Multi-let at a total contracted rent of £2,149,884 per annum (including rental guarantees). The contracted office income equates to a low £32.85 per sq ft, reflecting a 42% discount to prime Birmingham rents of £46.50 per sq ft, and provides significant future growth potential. The office income is highly secure against well established, national occupiers. 10% of the total income attributed to a global medical brand on a new 15 year lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
61,695 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2001
Price
£29,820,000
Price per sq ft
£483.35
Yield
6.75%
NOI
£2,012,850
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
10,617 sq ft
Plot ratio
3.93
Total Plot Size
0.36 ac
Parking
37 Spaces (0.58 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Raised Floor
- Reception
- Basement
- Demised WC facilities
- Natural Light
- Recessed Lighting
- Suspended Ceilings
- Air Conditioning
1 1
CONTACTS
-
Charlie Lake -
Tegan Owen -
William Higgins -
Richard Durkin -
Andy Riach -
Richard Williams -
Lambert Smith Hampton
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
10 Livery 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.