Offers in region of
£600,000
(£168.63/sq. ft)
Office for saleCox Street, Birmingham B3
3,558 sq. ft
Leasehold
About this property
Close Proximity to Birmingham City Centre
Renewed lease with a great covenant tenant
Kitchenettes on each floor
Ample Natural Light
5 Car Spaces on site
Close to public transport
24 Hour Access
Description
This attractive 3-storey office building in the Birmingham Jewellery Quarter is fully let to Tutors and Exams Limited on a 7-year lease outside the Landlord and Tenant Act, offering a strong investment opportunity with a 6.73% net yield. The lease generates a stepped rental income of £40,000 per annum in years 1 and 2, rising to £45,000 per annum in years 3 and 4, with an upward-only market rent review in year 5 and a tenant break option in year 4. Tutors and Exams Limited has a credit safe risk score of 76 and 2023 shareholder funds exceeding £500,000, reinforcing the covenant strength.
The property features a boardroom, reception, and breakout spaces on the ground floor, with open-plan offices on the first and second floors. Built-in kitchenettes on all floors provide ample storage and space for appliances, while natural light floods the workspace, creating a bright and inviting environment. Heating is via radiators with thermostats on each floor.
Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarms, making this a secure and highly attractive investment opportunity.
Location
Located in the heart of Birmingham's historic Jewellery Quarter, Unit 1 Church Court offers a prime position just off St Paul's Square-one of the city's most desirable professional and creative hubs. Surrounded by a mix of stylish offices, independent businesses, and vibrant eateries, this address combines central convenience with characterful charm. Just a short walk from Birmingham city centre and well-connected via Snow Hill and New Street stations, it's ideal for businesses seeking both accessibility and prestige.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
Terms
Sale of the long leasehold. Leasehold Term: 20 December 2016 to 16 April 2157.
The ground rent is £150 per year and will double every 30 years. The next scheduled increase is in April 2037.
This attractive 3-storey office building in the Birmingham Jewellery Quarter is fully let to Tutors and Exams Limited on a 7-year lease outside the Landlord and Tenant Act, offering a strong investment opportunity with a 6.73% net yield. The lease generates a stepped rental income of £40,000 per annum in years 1 and 2, rising to £45,000 per annum in years 3 and 4, with an upward-only market rent review in year 5 and a tenant break option in year 4. Tutors and Exams Limited has a credit safe risk score of 76 and 2023 shareholder funds exceeding £500,000, reinforcing the covenant strength.
The property features a boardroom, reception, and breakout spaces on the ground floor, with open-plan offices on the first and second floors. Built-in kitchenettes on all floors provide ample storage and space for appliances, while natural light floods the workspace, creating a bright and inviting environment. Heating is via radiators with thermostats on each floor.
Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarms, making this a secure and highly attractive investment opportunity.
Location
Located in the heart of Birmingham's historic Jewellery Quarter, Unit 1 Church Court offers a prime position just off St Paul's Square-one of the city's most desirable professional and creative hubs. Surrounded by a mix of stylish offices, independent businesses, and vibrant eateries, this address combines central convenience with characterful charm. Just a short walk from Birmingham city centre and well-connected via Snow Hill and New Street stations, it's ideal for businesses seeking both accessibility and prestige.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
Terms
Sale of the long leasehold. Leasehold Term: 20 December 2016 to 16 April 2157.
The ground rent is £150 per year and will double every 30 years. The next scheduled increase is in April 2037.
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