Log In/Sign Up
Your email has been sent.
10 Livery St 76,314 SF 100% Leased Office Building Birmingham B3 2NU $40,654,397 ($532.73/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
Newly repositioned and refurbished prime mixed use office building totalling 63,704 sq ft IPMS-3 across ground and five upper floors.
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.
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
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
76,314 SF
Building Class
B
Year Built
2001
Price
$40,654,397
Price Per SF
$532.73
Cap Rate
6.75%
NOI
$2,744,172
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
10,617 SF
Building FAR
4.87
Lot Size
0.36 AC
Parking
37 Spaces (0.58 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Reception
- Basement
- Demised WC facilities
- Natural Light
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
- Raised Floor System
1 1
Contacts
-
Charlie Lake -
Tegan Owen -
William Higgins -
Richard Durkin -
Andy Riach -
Richard Williams -
Lambert Smith Hampton
1 of 36
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
10 Livery St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.