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Trinity Pl 2,557 - 3,486 SF Office Condo Units Offered at $637,789 - $798,915 Per Unit in Sutton Coldfield B72 1TX
Investment Highlights
- Excellent access to Birmingham City Centre
- Close proximity to the railway station
- Well-established courtyard office development
Executive Summary
The property comprises a three storey office building in a terrace of similar style buildings in a courtyard setting. The building is of three storey configuration constructed in the late 1980s and is let on a floor by floor basis. The internal specification includes central heating, suspended ceilings to most areas, carpeting and emulsion plastered walls. WCs are located on each floor.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 8.61% |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| Tenure | Long Leasehold |
Description
The property is available by way of the virtual freehold for a term of 999 years from and including
29 September 1988.
29 September 1988.
Sale Notes
Tenancy Schedule is as follows:
- Willow (ground) let for a term of three years from 1 October 2020 with annual break clauses at a
passing rent of £16,000 per annum exclusive.
- Beech (first) let to Fast Track Management Services for a term of five years from 19 September
2017 at a rent of £17,500 per annum exclusive - have served notice to vacate upon expiry.
- Maple (second) let to Clover Accountants Limited for a term of five years from 18 September 2017
at a rent of £9,500 per annum exclusive - have served notice to vacate upon expiry.
- Rowan (second) currently let to Key Financial Planning Limited for a term of five years from 11
July 2022 with a tenant only break clause on the 3rd anniversary at a rent of £8,250 per annum
exclusive.
- Willow (ground) let for a term of three years from 1 October 2020 with annual break clauses at a
passing rent of £16,000 per annum exclusive.
- Beech (first) let to Fast Track Management Services for a term of five years from 19 September
2017 at a rent of £17,500 per annum exclusive - have served notice to vacate upon expiry.
- Maple (second) let to Clover Accountants Limited for a term of five years from 18 September 2017
at a rent of £9,500 per annum exclusive - have served notice to vacate upon expiry.
- Rowan (second) currently let to Key Financial Planning Limited for a term of five years from 11
July 2022 with a tenant only break clause on the 3rd anniversary at a rent of £8,250 per annum
exclusive.
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 10.79% |
| Sale Type | Investment |
| Cap Rate | 10.79% |
| Tenure | Long Leasehold |
Description
The property is available by way of the virtual freehold for a term of 999 years from and including
29 September 1988.
29 September 1988.
Sale Notes
Asking price £475,000.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 7 | 3,486 SF | Office | $798,915 ($229.18/SF) | $68,814.12 |
| Unit 8 | 2,557 SF | Office | $637,789 ($249.43/SF) | $68,814.12 |
Unit 7
| Unit Size |
| 3,486 SF |
| Condo Use |
| Office |
| Price |
| $798,915 ($229.18/SF) |
| NOI |
| $68,814.12 |
Unit 8
| Unit Size |
| 2,557 SF |
| Condo Use |
| Office |
| Price |
| $637,789 ($249.43/SF) |
| NOI |
| $68,814.12 |
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Unit 7
| Unit Size | 3,486 SF |
| Condo Use | Office |
| Price | $798,915 ($229.18/SF) |
| NOI | $68,814.12 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| Tenure | Long Leasehold |
| Description | |
| The property is available by way of the virtual freehold for a term of 999 years from and including<br> 29 September 1988.</li></ul> | |
| Sale Notes | |
| Tenancy Schedule is as follows:<br> - Willow (ground) let for a term of three years from 1 October 2020 with annual break clauses at a<br> passing rent of £16,000 per annum exclusive.<br> - Beech (first) let to Fast Track Management Services for a term of five years from 19 September<br> 2017 at a rent of £17,500 per annum exclusive - have served notice to vacate upon expiry.<br> - Maple (second) let to Clover Accountants Limited for a term of five years from 18 September 2017<br> at a rent of £9,500 per annum exclusive - have served notice to vacate upon expiry.<br> - Rowan (second) currently let to Key Financial Planning Limited for a term of five years from 11<br> July 2022 with a tenant only break clause on the 3rd anniversary at a rent of £8,250 per annum<br> exclusive.</li></ul> |
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Unit 8
| Unit Size | 2,557 SF |
| Condo Use | Office |
| Price | $637,789 ($249.43/SF) |
| NOI | $68,814.12 |
| Sale Type | Investment |
| Cap Rate | 10.79% |
| Tenure | Long Leasehold |
| Description | |
| The property is available by way of the virtual freehold for a term of 999 years from and including<br> 29 September 1988.</li></ul> | |
| Sale Notes | |
| Asking price £475,000.</li></ul> |
Property Facts Sale Pending
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 26,994 SF | Typical Floor Size | 5,116 SF |
| Property Type | Office | Year Built | 1980 |
| Building Class | B | Lot Size | 0.71 AC |
| Floors | 3 | Parking Ratio | 0.7/1,000 SF |
| Total Building Size | 26,994 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 5,116 SF |
| Year Built | 1980 |
| Lot Size | 0.71 AC |
| Parking Ratio | 0.7/1,000 SF |
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Security System
- Kitchen
- Accent Lighting
- Common Parts WC Facilities
- Fully Carpeted
- Reception
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Trinity Pl
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