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2-4 Princes Way 70,870 SF Office Building Solihull B91 3ES $19,953,553 ($281.55/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- PV panelling on the roof of the property
- Double height atrium in main reception
- 9 EV charging points
EXECUTIVE SUMMARY
Offers sought in excess of £14,950,000 (Fourteen Million Nine Hundred and Fifty Thousand Pounds) reflecting an attractive net initial yield of 10.00% and a low capital value of £211 per sq.ft.
Let to the excellent covenant of Npower Commercial Gas Limited, with a guarantee from E.ON UK plc, on a lease expiring on 31 December 2029 - 4.25 years unexpired, rent £1,594,511 per annum reflecting a very low rent of £22.58 per sq.ft
Let to the excellent covenant of Npower Commercial Gas Limited, with a guarantee from E.ON UK plc, on a lease expiring on 31 December 2029 - 4.25 years unexpired, rent £1,594,511 per annum reflecting a very low rent of £22.58 per sq.ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
70,870 SF
Building Class
C
Year Built
2003
Price
$19,953,553
Price Per SF
$281.55
Cap Rate
10%
NOI
$1,995,355
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
17,718 SF
Slab To Slab
10’
Building FAR
0.81
Lot Size
2.00 AC
Parking
220 Spaces (3.1 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Raised Floor
- Security System
- Signage
- Skyway
- Energy Performance Rating - C
- Reception
- Storage Space
- Car Charging Station
- Demised WC facilities
- Direct Elevator Exposure
- Air Conditioning
- Smoke Detector
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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2-4 Princes Way
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