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Princes Chambers 2-12 Corporation St 22,705 sq ft 100% Let Office Property Birmingham B2 4RN £3,600,000 (£158.56/sq ft) 10.36% Net Initial Yield
Investment Highlights
- Positioned at the heart of Birmingham's bustling city centre
- Situated on the corner of Corporation Street and New Street
- Offers unparalleled access to one of the UK's most dynamic retail and business environments
Executive Summary
A rare opportunity to acquire Birmingham City Council’s interest which hasn’t come to the market in 150 years. The scheme is situated in the heart of Birmingham City Centre and sits in close proximity to New Street Station.
The building extends to 5,715 sq m (61,517 sq ft), comprising of five ground floor retail units with the upper floors disposed of by way of a long leasehold.
The building extends to 5,715 sq m (61,517 sq ft), comprising of five ground floor retail units with the upper floors disposed of by way of a long leasehold.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
22,705 sq ft
Costar Property Class
B
Year Built
1893
Price
£3,600,000
Price per sq ft
£158.56
Yield
10.36%
NOI
£372,960
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
4,356 sq ft
Plot ratio
5.21
Total Plot Size
0.10 ac
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Storage Space
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Princes Chambers | 2-12 Corporation St
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