Trinity Pl 2,557 - 3,486 SF Office Condo Units Offered at $639,489 - $801,045 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.
PROPERTY FACTS Sale Pending
| Total Building Size | 15,348 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 5,116 SF |
| Year Built | 1980 |
AMENITIES
- 24 Hour Access
- Bus Line
- Courtyard
- Security System
- Kitchen
- Accent Lighting
- Common Parts WC Facilities
- Fully Carpeted
- Reception
2 UNITS AVAILABLE
Unit 7
| Unit Size | 3,486 SF |
| Price | $801,045 |
| Price Per SF | $229.79 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.61% |
| NOI | $68,997.55 |
DESCRIPTION
The property is available by way of the virtual freehold for a term of 999 years from and including
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.
Interior
Interior
Unit 8
| Unit Size | 2,557 SF |
| Price | $639,489 |
| Price Per SF | $250.09 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 10.79% |
| NOI | $68,997.55 |
DESCRIPTION
The property is available by way of the virtual freehold for a term of 999 years from and including
29 September 1988.
SALE NOTES
Asking price £475,000.
