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10 Livery St 76,314 SF 89% Leased Office Building Birmingham B3 2NU $39,981,228 ($523.90/SF) 6.75% Cap Rate
Investment Highlights
- Located in the heart of the CBD
- WAULT of 10.4 years to expiry (6.6 years to break)
- Adjacent to Snow Hill Station
- Highly secure office income
Executive Summary
Multi-let at a total contracted rent of £2,149,884 per annum (including rental guarantees). The contracted office income equates to a low £32.85 per sq ft, reflecting a 42% discount to prime Birmingham rents of £46.50 per sq ft, and provides significant future growth potential. The office income is highly secure against well established, national occupiers. 10% of the total income attributed to a global medical brand on a new 15 year lease.
Property Facts
Amenities
- 24 Hour Access
- Security System
- Signage
- Reception
- Basement
- Demised WC facilities
- Natural Light
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
- Raised Floor System
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
A newly refurbished office space that is on the market for the very first time. Built with innovation in mind and brimming with exclusive wellness and amenity offers, including extensive bike storage and health club quality changing facilities with drying room. The available third floor suite is fully fitted, whilst the second floor could potentially be split to offer a variety of suites subject to occupiers' requirements.
A newly refurbished office space that is on the market for the very first time. Built with innovation in mind and brimming with exclusive wellness and amenity offers, including extensive bike storage and health club quality changing facilities with drying room. The available third floor suite is fully fitted, whilst the second floor could potentially be split to offer a variety of suites subject to occupiers' requirements.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste Part | 6,195 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste Part | 2,253 SF | Office | Full Build-Out | Now |
2nd Fl-Ste Part
| Size |
| 6,195 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste Part
| Size |
| 2,253 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste Part
| Size | 6,195 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
A newly refurbished office space that is on the market for the very first time. Built with innovation in mind and brimming with exclusive wellness and amenity offers, including extensive bike storage and health club quality changing facilities with drying room. The available third floor suite is fully fitted, whilst the second floor could potentially be split to offer a variety of suites subject to occupiers' requirements.
3rd Fl-Ste Part
| Size | 2,253 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
A newly refurbished office space that is on the market for the very first time. Built with innovation in mind and brimming with exclusive wellness and amenity offers, including extensive bike storage and health club quality changing facilities with drying room. The available third floor suite is fully fitted, whilst the second floor could potentially be split to offer a variety of suites subject to occupiers' requirements.
Contacts
-
Charlie Lake -
Tegan Owen -
William Higgins -
Richard Durkin -
Andy Riach -
Richard Williams -
Lambert Smith Hampton
Presented by
10 Livery St
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