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Cathedral Place 42-44 Waterloo St
12,933 SF Vacant Office Building Birmingham B2 5QB $2,932,140 ($227/SF) 6.34% Cap Rate
Investment Highlights
- Grade II listed building
- Prominent location at the junction of Waterloo Street and Temple Road West
- Exceptional public connectivity
- High-specification office building
Executive Summary
Seeking offers in excess of £2,300,000, exclusive of VAT.
A purchase at this level reflects a net initial yield of 6.34% and the potential to create a double-digit reversionary yield. Current contracted rental income of £155,123 per annum reflecting £40.27 per sq ft on the ground floor and £23.50 to £24.56 per sq ft on the offices.
Property Facts Sale Pending
Amenities
- 24 Hour Access
- Raised Floor
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The property is available to let on new full repairing and insuring lease terms to be agreed.
The property is available to let on new full repairing and insuring lease terms to be agreed.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 2,000 SF | Office | Partial Build-Out | Now |
| 4th Floor | 2,000 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size | 2,000 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The property is available to let on new full repairing and insuring lease terms to be agreed.
4th Floor
| Size | 2,000 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The property is available to let on new full repairing and insuring lease terms to be agreed.
-
Martin Hamer -
Barry Riley -
23 Real Estate
Learn More About Investing in Office Space
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Cathedral Place | 42-44 Waterloo St
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