£600,000
(£168.63/sq. ft)
Office for saleCox Street, Birmingham B3
3,558 sq. ft
Freehold
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.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
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.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
.png){kind=logo}