126 Colmore Row
Birmingham B3 3AP
Office Property For Sale
Investment Highlights
- One of Birmingham’s most prestigious addresses
- 86% of upper floors refurbished
- Boutique office building with leisure offer on the ground floor
Executive Summary
Offers in excess of £2,550,000 (Two Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 8.85% and a reversion to approximately 10.74% after allowing purchasers costs of 6.39%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,433 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1900/2017
Price
$3,113,743
Price Per SF
$298
Cap Rate
8.85%
NOI
$275,566
Percent Leased
58%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
2,250 SF
Amenities
- 24 Hour Access
- Security System
- Energy Performance Rating - C
- Direct Elevator Exposure
- Air Conditioning