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
  • Listing ID: 29838786

  • Date on Market: 10/20/2023

  • Last Updated:

  • Address: 126 Colmore Row, Birmingham B3 3AP