Landmark office investment in Birmingham, which presents an attractive combination of
secure government income, together with asset management opportunities to drive value.
The property comprises two adjoining office buildings, with part ground floor retail and
leisure accommodation, secure basement car parking and retail arcade. Total floor area of 254,190 sq ft (23,614.9 sq m) together with 195 car parking spaces. Multi-let to 14 tenants producing a total passing rent of £7,017,268 per annum. 95% of the rental income secured
against 4 office tenants. 75% of the rental income secured against the First Secretary of State offering a secure government income anchor. Average Weighted Unexpired Lease
Term of 8.45 years to break options and 8.77 years to lease expiries. Significant opportunities to add value through lettings, re-gears and strategic capital expenditure
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