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Court Chambers 180-182 Corporation St 14,330 SF 27% Leased Office Building Birmingham B4 6UD $5,329,567 ($371.92/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on Corporation Street
- Extending to 57,316 sq ft
- Mixed use property
- £260,855 per annum rental
EXECUTIVE SUMMARY
Mixed use property set behind an exceptional Victorian facade, extending to 57,316 sq ft over basement, ground and four upper floors.
The property comprises Court Chambers and Gazette Building extending to 14,330 sq ft and 42,986 sq ft respectively. The properties are considered highly reversionaryand currently benefit from £309,855 per annum rental.
Fantastic city centre location within 500 metresof HS2 Curzon St and situated in close proximity to the Martineau Galleries redevelopment and the CBD.
Stunning opportunity for regeneration through office refurbishment or the conversion of the premises into a hotel, residential or student (STP).
Freehold.
We are instructed to seek offers in excess of £4,000,000 (Four Million Pounds) reflecting a net initial yield of 7.28%assuming standard purchasers' costs of 6.54%. This reflects a capital value per sq ft of £69.70.
PROPERTY FACTS Under Contract
AMENITIES
- 24 Hour Access
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The subject property is of traditional construction with a Regency style façade. The property is arranged over five storeys including a cellar, with the ground floor accommodation providing the main bar / lounge area with WCs. The upper floors provide the main kitchen and storage / living areas, with a dumbwaiter provision between floors.
Second floor suite of offices in Court Chambers, which is a mixed-use Victorian building in Birmingham City centre. It has retail on the ground floor and offices above.
Third floor suite of offices in Court Chambers, which is a mixed-use Victorian building in Birmingham City centre. It has retail on the ground floor and offices above.
| Space | Size | Space Use | Condition | Available |
| Ground | 2,760 SF | Retail | Full Build-Out | Now |
| 2nd Floor | 1,036 SF | Office | Full Build-Out | Now |
| 3rd Floor | 991 SF | Office | - | Now |
Ground
| Size |
| 2,760 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,036 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 991 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Ground
| Size | 2,760 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
The subject property is of traditional construction with a Regency style façade. The property is arranged over five storeys including a cellar, with the ground floor accommodation providing the main bar / lounge area with WCs. The upper floors provide the main kitchen and storage / living areas, with a dumbwaiter provision between floors.
2nd Floor
| Size | 1,036 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Second floor suite of offices in Court Chambers, which is a mixed-use Victorian building in Birmingham City centre. It has retail on the ground floor and offices above.
3rd Floor
| Size | 991 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Third floor suite of offices in Court Chambers, which is a mixed-use Victorian building in Birmingham City centre. It has retail on the ground floor and offices above.
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Court Chambers
180-182 Corporation St, Birmingham B4 6UD |
Office | 14,330 SF | 1899 | - |
Presented by
Court Chambers | 180-182 Corporation St
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