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Investment Highlights

  • Existing contemporary office fit-out
  • Kitchen and break out facilities
  • 26 car parking spaces allocated within the car park

Executive Summary

The subject property comprises a grade two listed, semi detached office building dating from 1840, situated in an attractive courtyard setting.It provides three stories of office accommodation which was substantially refurbished by the occupier in 2015. There are 26 car parking spaces allocated within the car park shared with two neighbouring occupiers in the development. Beyond the main ground floor reception area, the internal accommodation is comprised predominantly of open plan office space, complimented by a variety of ancillary meeting and board room facilities. The premises also provide kitchen and break out facilities, and provide male and female WCs on every floor.

1 Unit Available

  • Unit
  • Unit Size
  • Unit Use
  • Price
  • NOI
  • Unit 24a
  • 17,450 sq ft
  • Office
  • £2,700,000 (£154.73/sq ft)
  • -
Sale Type Owner Occupier
Tenure Long Leasehold
Description
The current building site is approx. 17,637 sqft. There are 26 car parking spaces demised to the building. The car park and the common grounds affair are managed by management company which is made up of the occupier, estate managing agents,
and the tenants of the 2 neighboring offices which form part of the development
Sale Notes
The subject property is leasehold. The ground rent  payable is to £1,500 per annum. The head lease has an unexpired term of 84 years, expiring in September 2107.

The service charge for the repair and maintenance of the grounds is approximately £50,000 per annum.
Unit Unit Size Unit Use Price NOI
Unit 24a 17,450 sq ft Office £2,700,000 (£154.73/sq ft) -

Unit 24a

Unit Size
17,450 sq ft
Unit Use
Office
Price
£2,700,000 (£154.73/sq ft)
NOI
-

Unit 24a

Unit Size 17,450 sq ft
Unit Use Office
Price £2,700,000 (£154.73/sq ft)
NOI -
Sale Type Owner Occupier
Tenure Long Leasehold
Description
The current building site is approx. 17,637 sqft. There are 26 car parking spaces demised to the building. The car park and the common grounds affair are managed by management company which is made up of the occupier, estate managing agents, <br> and the tenants of the 2 neighboring offices which form part of the development</li></ul>
Sale Notes
The subject property is leasehold. The ground rent&nbsp;&nbsp;payable is to &#163;1,500 per annum. The head lease has an unexpired term of 84 years, expiring in September 2107.<br> <br> The service charge for the repair and maintenance of the grounds is approximately &#163;50,000 per annum.</li></ul>

Property Facts Sale Pending

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Property Size 37,662 sq ft
Property Type Office (Unit)
Costar Property Class B
Floors 3
Typical Floor Size 9,000 sq ft
Year Built 1825
Total Plot Size 2.21 ac
Parking Allocation 1.15/1,000 sq ft

Amenities

  • Bus Route
  • Controlled Access
  • Courtyard
  • Security System
  • Signage
  • Accent Lighting
  • Air Conditioning
  • Raised Floor System
  • Listing ID: 31133759

  • Date on Market: 06/03/2024

  • Last Updated:

  • Address: 24A Calthorpe Rd, Birmingham B15 1RP

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