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2-4 Princes Way 70,870 sq ft Office Property Solihull B91 3ES £14,950,000 (£210.95/sq ft) 10% Net Initial Yield
INVESTMENT HIGHLIGHTS
- PV panelling on the roof of the property
- Double height atrium in main reception
- 9 EV charging points
EXECUTIVE SUMMARY
Offers sought in excess of £14,950,000 (Fourteen Million Nine Hundred and Fifty Thousand Pounds) reflecting an attractive net initial yield of 10.00% and a low capital value of £211 per sq.ft.
Let to the excellent covenant of Npower Commercial Gas Limited, with a guarantee from E.ON UK plc, on a lease expiring on 31 December 2029 - 4.25 years unexpired, rent £1,594,511 per annum reflecting a very low rent of £22.58 per sq.ft
Let to the excellent covenant of Npower Commercial Gas Limited, with a guarantee from E.ON UK plc, on a lease expiring on 31 December 2029 - 4.25 years unexpired, rent £1,594,511 per annum reflecting a very low rent of £22.58 per sq.ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
70,870 sq ft
Costar Property Class
C
Year Built
2003
Price
£14,950,000
Price per sq ft
£210.95
Yield
10%
NOI
£1,495,000
Tenancy
Single
Number of Floors
4
Typical Floor Size
17,718 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.81
Total Plot Size
2.00 ac
Parking
220 Spaces (3.1 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Raised Floor
- Security System
- Signage
- Skyway
- EPC - C
- Reception
- Storage Space
- Car Charging Station
- Demised WC facilities
- Lift Access
- Air Conditioning
- Smoke Detector
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2-4 Princes Way
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