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36 Bennetts Hl 12,290 sq ft 71% Let Office Property Birmingham B2 5SN £3,800,000 (£309.19/sq ft) 5.94% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A FULLY LET INVESTMENT SALE LOCATED IN THE HEART OF BIRMINGHAM'S CITY CENTRE.
- Located on Bennetts Hill, the heart of Birmingham's City Centre.
- Potential to develop upwards and increase overall sq ft.
- 10,388 Sq Ft (NIA).
- Net Internal Yield of 5.96%.
- Freehold Sale.
- Refurbished and Modern Offices.
- Seperate lift access for the offices.
- Capital Value of £365 psf.
EXECUTIVE SUMMARY
36 Bennetts Hill is a fully let investment sale with 6 well-established tenants with a combined yearly income of £265,987 PA. This corner site has had extensive refurbishment undertaken on the 1st to 4th floor offices and lobby with each floor being self-contained with w/c’s on each floor. The lower basement is used for storage and the ground floor tenants occupy the majority of the basement square footage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
12,290 sq ft
Costar Property Class
B
Year Built/Renovated
1879/2015
Price
£3,800,000
Price per sq ft
£309.19
Yield
5.94%
NOI
£225,720
Occupancy Rate
71%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
2,048 sq ft
Plot ratio
4.03
Total Plot Size
0.07 ac
AMENITIES
- Food Service
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- CONDITION
- AVAILABLE
The property is available on a lease to be agreed.
Floor
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,744 sq ft | Office | Full Fit-Out | Now |
| 3rd Fl-Ste Fl | 1,871 sq ft | Office | Spec Suite | Now |
2nd Floor
| Size |
| 1,744 sq ft |
| Space Use |
| Office |
| Condition |
| Full Fit-Out |
| Available |
| Now |
3rd Fl-Ste Fl
| Size |
| 1,871 sq ft |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
1 of 27
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 1,744 sq ft |
| Space Use | Office |
| Condition | Full Fit-Out |
| Available | Now |
The property is available on a lease to be agreed.
3rd Fl-Ste Fl
| Size | 1,871 sq ft |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Floor
1 1
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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36 Bennetts Hl
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