Wharfside St | Birmingham B1 1RB
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Wharfside St
Birmingham B1 1RB
Q Park - The Mailbox · Specialty Property For Sale · 217,871 SF
Investment Highlights
- Q-Park Mailbox is considered the premier car parking operation in Birmingham city centre
- 687 car parking spaces occupying 217,871 sq ft and arranged over lower ground, ground and first floor levels
- Best in class award winning car park situated in a market leading trading position in Birmingham City Centre
Executive Summary
Offers are sought in excess of £25,250,000 (Twenty Five Million Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive net initial yield of 7.69%, assuming standard purchaser’s costs, a low capital value of £115 psf, a minimum equivalent yield of 9.01% and a 10-year ungeared IRR of 10.26%.
Long let to Q-Park Ltd guaranteed by Q-Park B.V. with 28.85 years unexpired without break Current total rent of £2,072,690 p.a., reflecting £3,017 per space.
A purchase at this level reflects an attractive net initial yield of 7.69%, assuming standard purchaser’s costs, a low capital value of £115 psf, a minimum equivalent yield of 9.01% and a 10-year ungeared IRR of 10.26%.
Long let to Q-Park Ltd guaranteed by Q-Park B.V. with 28.85 years unexpired without break Current total rent of £2,072,690 p.a., reflecting £3,017 per space.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.86 AC |
| Cap Rate | 7.69% | Building Size | 217,871 SF |
| Tenure | Long Leasehold | No. Stories | 3 |
| Property Type | Specialty | Year Built | 2015 |
| Property Subtype | Parking Garage |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| Tenure | Long Leasehold |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Lot Size | 1.86 AC |
| Building Size | 217,871 SF |
| No. Stories | 3 |
| Year Built | 2015 |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
