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21-23A Birmingham Rd 17,121 SF 100% Leased Office Building Sutton Coldfield B72 1QA $2,509,046 ($146.55/SF) 3.89% Cap Rate
Investment Highlights
- Rare opportunity to acquire a mixed-use investment within this popular parade.
- Prominent main road location within Sutton Coldfield Town Centre.
- Potential to convert vacant offices for alternative uses (subject to planning).
- Let to a strong anchor tenant in Loungers Ltd.
- Current income £74,000 per annum exclusive.
- Sale Price - Offers in the region of £1,900,000.
Executive Summary
Offers in the region of £1,900,000. Current income £74,000 per annum exclusive.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
17,121 SF
Building Class
B
Year Built
1964
Price
$2,509,046
Price Per SF
$146.55
Cap Rate
3.89%
NOI
$97,721
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,501 SF
Building FAR
3.57
Lot Size
0.11 AC
Parking
8 Spaces (0.47 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Storage Space
- Common Parts WC Facilities
- Open-Plan
- Partitioned Offices
- Secure Storage
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21-23A Birmingham Rd
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