1231/1233 Stratford Road, Hall Green, Birmingham, B28 9AA

A freehold office investment opportunity in a prime location

Property details

Type Investment, Office
Tenure Freehold, subject to the existing tenancy.
Price Offers in the region of £600,000
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Features
  • Distinctive Freehold Edwardian building with car parking.
  • Approximately 2004 sq.ft. (186.28 sq.m.) over two floors
  • Currently part let to Corps Security ( found 1859) producing £25,000 per annum, with potential for £55,000 pa once fully let
  • Existing lease runs for 10 years, expiring May 2028
  • 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 7 onsite car parking spaces. Video Link - https://youtu.be/NtKaLflQtbI

Accommodation
Ground floor - 4 office suites, WC and Kitchen facilities
First floor - 5 office suites, store, WCs and kitchen facilities
Price
Offers in the region of £600,000 are sought for the freehold interest.
Tenancy
The ground floor is currently let to Corps Security for a term of 10 years from May 2018, at a passing rent of £25,000 per annum. The first floor is currently vacant with potential to produce £30,000, taking the overall annual income to £55,000 per annum, once fully let.

Corps Security - Formed in 1859, Corps are the oldest security company in the world and occupy Cambrai Court as their regional head office.
VAT
We are advised that VAT is applicable, and payable in addition to the purchase price, although it is anticipated that the sale will be treated as a TOGC.
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.