Log In/Sign up
Your email has been sent.
T2 Trinity Park T2 Bickenhill Ln 32,848 sq ft Office Property Birmingham B37 7ES £7,500,000 (£228.32/sq ft) 10.04% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Let in its entirety to Mitie Limited on a 10-year lease commencing 31st August 2021 (6 years remaining)
- Extensively refurbished in 2020 providing high quality office space and an EPC B rating
- Passing rent of £803,149 reflecting a low average rent of £24.50 psf on the office space
EXECUTIVE SUMMARY
Seek offers in excess of £7,500,000 (Seven Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level is reflective of an attractive NIY of 10.04%, a headline reversionary yield of 11.26% and a low capital value of £228 per sq. ft.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
32,848 sq ft
Costar Property Class
B
Year Built/Renovated
2000/2020
Price
£7,500,000
Price per sq ft
£228.32
Yield
10.04%
NOI
£753,000
Tenancy
Single
Number of Floors
3
Typical Floor Size
10,949 sq ft
Plot ratio
0.56
Total Plot Size
1.34 ac
Parking
116 Spaces (3.53 Spaces per 1,000 sq ft Leased)
AMENITIES
- Raised Floor
- EPC - B
- Car Charging Station
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- Lift Access
- Reception
- Shower Facilities
1 1
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
T2 Trinity Park | T2 Bickenhill Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.