York House, 38 Great Charles Street, Queensway, Birmingham, B3 3JY

City Centre commercial investment/residential conversion opportunity

Property details

Type Investment, Land/Development
Tenure Freehold, subject to the existing tenancies.
Price Offers based on £3,950,000
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  • Prominent corner location in Birmingham City Centre
  • Substantial five storey building - 22,175 sq. ft. (2,060.87 sq m)
  • Part let producing £136,462.50 pax with an ERV of £308,550 pax
  • Potential for residential conversion, subject to planning consent
  • Close proximity for both New Street and Snow Hill Train Stations
  • Freehold

York House is a prominent corner building, with offices over five floors, being accessed from a dedicated office entrance from the Great Charles Street Queensway elevation. The office suites offer refurbished accommodation with LED lighting, air conditioning and strong levels of natural light with several windows to the main external elevations on all floors. All floors are served by both the lift and main staircase, with ladies and gents WCs on all floors. Each office suite also has a kitchenette installed.

York House occupies a highly prominent location on the corner of Newhall Street and Great Charles Street Queensway, providing direct access to the A38M Aston Expressway and Junction 6 of the M6 Motorway beyond. The building is further well connected with Snow Hill and New Street stations being within a short walk, in addition to a number of bus stops and the Midland Metro. As well as being within the established Central Business District of Birmingham City Centre and benefiting from the leisure amenities that it has to offer, York House is also in close proximity to the new Paradise development which will see a number of new restaurants and bars coming to the City.
Ground Floor - 4,178 sq. ft.
First Floor - 3,757 sq. ft.
Second Floor - 3,441 sq. ft.
Third Floor - 3,763 sq. ft.
Fourth Floor - 3,632 sq. ft.
Fifth Floor - 3,404 sq. ft.
Total - 22,175 sq. ft.
Freehold, subject to the existing tenancies.
Offers based on £3,950,000 plus VAT are sought for the Freehold interest.
Service Charge
All mains services are installed, and there is a variable service charge to cover the provision of communal services and maintenance. A copy of the latest service charge budget is available upon request.
Additional Information
Use -
The property is currently being used as offices within Use Class E and could be suitable for other uses, including residential, subject to planning consent.
We are advised that VAT is applicable , although it is anticipated that the sale will be dealt with by way of a TOGC.
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.
A director of Bond Wolfe has a vested interest in this property.