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More details for 11-12 Cox St, Birmingham - Office for Sale

Church Court - 11-12 Cox St

Birmingham, B3 1RD

  • Office for Sale
  • £600,000
  • 3,558 sq ft
  • 1 Unit Available
  • Air Conditioning
  • Raised Floor
  • Security System
  • 24 Hour Access
  • Controlled Access

Birmingham Office for Sale

This attractive 3-storey office building in the Birmingham Jewellery Quarter is fully let to Tutors and Exams Limited on a 7-year lease outside the Landlord and Tenant Act 1954, offering a strong investment opportunity with a 6.35% net initial yield and a reversionary yield 7.14%. The property is registered for VAT and can be treated as going concern. The lease generates a stepped rental income of £40,000 per annum in years 1 and 2, rising to £45,000 per annum in years 3 to 5, with an upward-only market rent review and tenant break option on the 5th anniversary. Tutors and Exams Limited has a credit safe risk score of 76 and shareholder funds exceeding £500,000 as at August 2023, reinforcing the covenant strength.

Contact:

Bromwich Hardy

Date on Market:

30/04/2025
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