37-43 Church St - Office FOR SALE


Birmingham, WMD B3 2RT
$1,865,000 USD
779-865-6360
37-43 Church St, Birmingham, WMD for Sale
$1,865,000 USD
Office - FOR SALE
1/2
null | 8.5% Cap Rate

37-43 Church St
Birmingham, WMD B3 2RT


HIGHLIGHTS

  • A rare opportunity to acquire a prime office with short term income with wholesale refurbishment potential.
  • Single let until December 2027
  • A comprehensively refurbished Grade A building would demand £30.00 per sqft or £40.00+ for fully fitted accommodation.
  • Future alternative use potential, subject to planning
  • Possibility of an engineered surrender before due expiry
  • Highly reversionary.

OVERVIEW

We are instructed to seek offers in excess of £1,865,000 (One Million Eight Hundred & Sixty Five Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 8.5% based on the current net rent and allowing for purchaser’s costs of 6.26%. This also reflects a low capital value of only £152 per sq ft.

FOR SALE DETAILS

PRICE

$1,865,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

MM81149,WM408651

ASK ABOUT THIS PROPERTY

Andy PriceAP InvestmentMore Info
779-865-6360

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Andy PriceAP InvestmentMore Info
779-865-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.