Garden Suites Cambrai Court, 1229 Stratford Road, Birmingham, Birmingham, B28 9AA
Substantial office investment in sought after location
- Ground Floor modern office investment opportunity
- High quality office accommodation throughout with car parking on site
- Fully let to two quality tenants producing £45,996 per annum
- Available as a whole or individually by negotiation
- Freehold – offers based on £500,000 equating to an attractive net initial yield of 8.79%
LocationCambrai 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.
Cambrai Court is a substantial imposing Edwardian property with high quality features throughout. The property currently operates as a large multi-let office complex in the Birmingham suburb of Hall Green and comprises five offices buildings and lends itself to a variety of configurations . The unlisted property extends internally to approximately 10,259 sq. ft. (953.50 sq. m) of refurbished offices set in a site of some 0.55 acres or thereabouts. Each of the individual properties enjoy their own entrance and all have dedicated on site car parking with a total of 39 car park spaces to the front and rear of the property.
Each Garden Suite is access via their own entrance doors at the rear of the property , accessed directly from the main car park.
AccommodationEach suite comprises modern open plan office accommodation with kitchen, WC & separate disabled WC facilities. The properties are accessed directly from the rear car park.
PriceOffers based on £500,000 plus vat are invited for both suites, equating to an attractive net initial yield of 8.79%. Alternatively , offers may be considered for the suites on an individual basis.
TenancyGarden suite 1 - let to CBL until June 2024 at a passing rent of £19,596 per annum
Garden suite 2 - let to Teledyne until June 2025 at a passing rent of £26,400 per annum
Total rental income - £45,996 per annum
Tenant profile - Teledyne - A designer and manufacturer of high-performance cameras and optics-based solutions for scientific esearch. They are a New York Stock Exchange listed company (symbol TDY) with offices worldwide.
CBL - Established in 2014 CBL Distribution Ltd is a wholesaler and distributor of books & media serving the UK & European markets.
VATWe 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.
EPCAvailable upon request.
Legal CostsEach party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money LaunderingIn accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Court House, 335-337 High Street, West Bromwich, West Midlands, B70 8TQ
Office To Let
From £26,568 per annum