1229 Stratford Road, Hall Green, Birmingham, B28 9AA

A freehold office investment opportunity in a prime location.

Property details

Type Investment
Tenure Freehold, subject to the existing tenancies.
Price Offers in the region of 1,200,000
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Features
  • Distinctive Freehold Edwardian building with car parking
  • Approx. 3,424 sq.ft. (318.25 sq.m.) over two floors
  • High quality office accommodation throughout with multiple tenants
  • Currently part let producing £107,870 per annum, with potential for £141,162 pa once fully let
  • Can cater to owner-occupiers looking to occupy a part-serviced/part-investment demise
Location
Cambrai Court occupies a most prominent position on the main A34 Stratford Road in the heart of Hall Green, just 6 miles south of Birmingham City Centre, which is reachable in 9 mins from Hall Green train station. Hall Green is a densely populated suburb and is within relatively short proximity to Shirley High Street and Solihull Town Centre. Access to the local motorway network is provided by Junction 4 of the M42 motorway (circa 3 miles southeast). and easy access to the new HS2 station, represents an ideal opportunity for investment . Cambrai Court is also situated outside of the Clean Air Zone charges with a host of local amenities on the doorstep including Waitrose & Costa.
Description

The property comprises a delightful end terrace property within a parade of Edwardian properties, enjoying numerous character features. Internally, the offices provide meticulously kept character accommodation, to include all the contemporary and modern amenities required by businesses today, with WC and kitchen facilities to all floors. Tenants have access to a refurbished 12-person boardroom with wi-fi access (which can be converted to provide further lettable office space) and there are a wide variety of office suites sizes across Cambrai Court ensuring all requirements can be catered for. The property benefits from 16 on site carparking spaces. Video Link - https://youtu.be/NtKaLflQtbI

Accommodation
Ground floor - 4 office suites, communal boardroom, boiler room, WCs and kitchen facilities.
First floor - 5 office suites, WCs and kitchen facilities
Second floor - 3 further offices suites with WC and kitchen facilities
16 allocated car parking spaces
Price
Offers in the region of £1,200,000 are sought for the freehold interest.
Tenancy
The property is multi-let to a variety of high-quality occupiers. The current passing rent is £108,870 with scope to increase this to £141,162 per annum, once fully let
VAT
We are advised that VAT is applicable, although it is anticipated that the sale will be dealt with by way of a transfer of going concern.
EPC
Available upon request.
Legal Costs
Each party are to be responsible for their own legal costs.
Anti Money Laundering
In accordance with Anti Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.