Iconic CBD Office Investment
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Iconic CBD Office Investment

Birmingham, United Kingdom

86%

£38.750.000

Office

#36215

Core+

16 Apr 2025

Property Details

Broker

For sale

186,750 sq.ft.

17,349 m²

NIA

207 £/sq.ft.

2,233 £/m²

9.98 %

25

Leasehold

232

X

Fees

0.00 %

0.40 %

0.00 %

0.00 %

0.40 %

Investment Overview

One of Birmingham City Centre’s most important office buildings. Total floor area extending to 186,750 sq ft (NIA). 190 parking spaces within a secure basement car park. 81% of the accommodation has been refurbished during ownership. Currently 83% let to 25 tenants providing excellent income diversity. Let to a wide variety of occupiers with a significant massing of highly innovative tech and digital sector tenants. Total passing income of £4,127,561.50 p.a. net of the ground rent of £130,000 p.a. WAULT of 3.91 years to expiry and 2.16 years to break. 11 new lease commitments secured since January 2024. A clear route to EPC B and to carbon net zero. Grade 2 listed attracting nil void rates.

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