1229a 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 tenancy.
Price Offers in the region of £580,000
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Features
  • Distinctive Freehold Edwardian building with car parking.
  • Approx. 2041 sq.ft. (189.65 sq.m.) over two floors
  • Currently part let producing £24,000 per annum, with potential for £58,000 pa once fully let
  • Existing lease runs for 5 years from 1/3/2020
  • 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 mid 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. The property benefits from 6 onsite car parking spaces. Video Link - https://youtu.be/NtKaLflQtbI

Accommodation
Ground floor - Large open plan office with managers office, WCs and kitchen facilities.
First floor - 4 offices store, WCs and kitchen facilities.
Price
Offers in the region of 580,000 are sought for the freehold interest.
Tenancy
The current passing rent is £24,000 with scope to increase this to £58,000 per annum, once fully let. The ground floor is currently let to The Green Deal Centre Limited for a term of 5 years from 1/3/2020, at a passing rent of £24,000 per annum. The first floor is currently vacant with potential to produce £34,000, taking the overall annual income to £58,000 per annum.
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 is to be responsible for their own legal costs that may be incurred in this transaction.
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.