Cavendish House 39-41 Waterloo St 36,985 sq ft 83% Let Office Property Birmingham B2 5PP For Sale

Cavendish House presents a rare freehold acquisition in the heart of Birmingham’s vibrant city centre. Situated on Waterloo Street within the Colmore Business District, this substantial office building offers outstanding potential for comprehensive redevelopment subject to planning. The property occupies a strategic position within walking distance of Snowhill and New Street Stations and lies less than ten minutes from the future HS2 Curzon Street terminus, offering connectivity across the UK.
Comprising basement, ground, and six upper floors, Cavendish House totals approximately 36,985 sq ft of well-configured space. The building is currently partially income-producing, generating an annual gross rent of around £323,000, providing holding income whilst planning is secured. Existing use is Class E (office), and the property sits within a Conservation Area. Indicative plans identify the potential for around 30 high-quality residential units within the existing structure, with alternative mixed-use schemes also envisaged, such as education or hospitality. All services are understood to be available.
The immediate area benefits from over 500 businesses, supporting a workforce of circa 35,000 people. Birmingham, the UK’s second city, offers a population of 1.15 million, with strong growth forecasts and a young demographic. With HS2 promising a sub-50-minute travel time to London Euston and employment expansion projected at 14% in the next two decades, the fundamentals here are exceptional.