Landmark Office Tower (resi conversion)
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Landmark Office Tower (resi conversion)

Birmingham, Vereinigtes Königreich

93%

£12.300.000

Büro

#35942

Value-Add

10 Mar 2025

Immobilieneinzelheiten

Makler

Zu verkaufen

79,499 ft²

7.386 m²

Mietfläche

154 £/ft²

1.665 £/m²

12

Mietbesitz

125

X

Gebühren

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0.40 %

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Investitionsübersicht

Property sits strategically at the heart of the city core. Outstanding panoramic views as one of the tallest city centre buildings. Excellently located for all three major transport hubs - Birmingham's largest station, New Street, is within a 5-minute walk, and Snow Hill and the new HS2 hub near Moor Street are less than a 7-minute walk away. Prime pitch surrounded by high profile offices within the CBD and next to the city's extensive retail offering, a range of high-quality restaurants and bars and a mix of other leisure destinations. Property currently provides 79,499 sq ft of offices over basement, ground and podium level with 17 upper floors. Multi-let to 12 tenants providing a WAULT of 2.5 years to breaks and 3.7 years to expiries. Total rent of £827,908 per annum, reflecting a very low average rent of only £25.76 per sq ft. £3.12 million of recent landlord investment, including a modernised reception comprising a welcoming hotel-style lounge and breakout areas. 125 year Long Leasehold interest. Terms agreed subject to contract and premium to acquire a new virtual Freehold (999-year lease).

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