Guide price
£1,260,000
(£294.87/sq. ft)
Office for sale32 Grove Avenue, Moseley, Birmingham, West Midlands B13
4,273 sq. ft
Freehold
About this property
Well-located period property located in an affluent residential area within Moseley, one of South Birmingham's most popular suburbs
15 years of unbroken income
Excellent inherent income growth
Full Fri lease to a single tenant
Underpinned by solid residential capital values
Approximately 4,273 sq.ft on a generous plot of 0.3 acres
Location
The property is situated on the edge of Moseley Village, in a predominantly residential road, 200m from Moseley Tennis Club and c.500m from the
junction with Alcester Road and Sailsbury Road.
Description
A rare opportunity to acquire 15 years term certain of government-backed commercial property income with annually-indexed, uncapped reviews in the desirable Birmingham suburb of Moseley.
Tenure Comments
The property is occupied by way of a new 15-year Fri lease, without break, at a passing rent of £67,534.64 pax, exclusive. The rent review pattern is annual, with fixed increases linked to rpi on an uncapped basis. The next rpi increase is 4th September 2026. The tenant is Birmingham and Solihull Mental Health nhs Foundation Trust. The trusts 2023 budget is published as £300m and it is responsible for some 1.3m people spread over an area
of 172 square miles. The tenant covenant is underpinned by the wider nhs and, ultimately, the UK Government.
EPC
The building has an Energy performance operational rating for non-domestic buildings of D (100) and the EPC is valid until 30th May 2026.
Service Charge Information
None
VAT
We are advised that the property has not been elected for VAT, however, interested parties are advised to make their own enquires as part of their due diligence.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
The property is situated on the edge of Moseley Village, in a predominantly residential road, 200m from Moseley Tennis Club and c.500m from the
junction with Alcester Road and Sailsbury Road.
Description
A rare opportunity to acquire 15 years term certain of government-backed commercial property income with annually-indexed, uncapped reviews in the desirable Birmingham suburb of Moseley.
Tenure Comments
The property is occupied by way of a new 15-year Fri lease, without break, at a passing rent of £67,534.64 pax, exclusive. The rent review pattern is annual, with fixed increases linked to rpi on an uncapped basis. The next rpi increase is 4th September 2026. The tenant is Birmingham and Solihull Mental Health nhs Foundation Trust. The trusts 2023 budget is published as £300m and it is responsible for some 1.3m people spread over an area
of 172 square miles. The tenant covenant is underpinned by the wider nhs and, ultimately, the UK Government.
EPC
The building has an Energy performance operational rating for non-domestic buildings of D (100) and the EPC is valid until 30th May 2026.
Service Charge Information
None
VAT
We are advised that the property has not been elected for VAT, however, interested parties are advised to make their own enquires as part of their due diligence.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
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