Baskerville House | Broad St
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Baskerville House Broad St
195,000 SF 85% Leased 4-Star Office Building Birmingham B1 2ND $62,394,015 ($319.97/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Landmark Office Building
- Located in the historic Centenary Square, Baskerville House is located a few minutes’ walk from Grand Central and New Street station
- A grade II-listed property which totals more than 195,000 sq ft
EXECUTIVE SUMMARY
The headline rent of £4,008,628 a year equates to a highly reversionary average overall rent of £23.61 per square foot.
The guide price of £50 million reflects an 8.25% net initial yield and a capital value of £140 per square foot on the vacant space. Overall it provides a 7.50% net initial yield.
The guide price of £50 million reflects an 8.25% net initial yield and a capital value of £140 per square foot on the vacant space. Overall it provides a 7.50% net initial yield.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
195,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1941/2016
Price
$62,394,015
Price Per SF
$319.97
Cap Rate
7.50%
NOI
$4,679,551
Percent Leased
85%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
24,375 SF
Slab To Slab
10’
Building FAR
0.68
Lot Size
6.57 AC
Parking
42 Spaces (0.22 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
- Food Court
- Raised Floor
- Security System
- Energy Performance Rating - B
- Reception
- Common Parts WC Facilities
- Direct Elevator Exposure
- Open-Plan
- Partitioned Offices
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The available space comprises third floor office accommodation. A new lease is available on terms to be negotiated.
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 28,522 SF | Office | Partial Build-Out | Now |
3rd Floor
| Size |
| 28,522 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Floor
| Size | 28,522 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The available space comprises third floor office accommodation. A new lease is available on terms to be negotiated.
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Baskerville House | Broad St
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