Edwardian Office Complex Brought To Market
Bond Wolfe has been instructed to sell an Edwardian office complex in Birmingham and is seeking offers of more than £2.95m.
Cambrai Court at 1229-1235 Stratford Road currently operates as a multi-let office complex across five buildings.
It totals approximately 10,259 sq ft on 0.5 acres, and each of the properties has an individual entrance with on-site car parking for a total of 39 vehicles.
Tenants of the five buildings also have access to a refurbished 12-person boardroom.
James Mattin, managing director agency at Bond Wolfe, said: “Cambrai Court at 1229-1235 Stratford Road is a distinctive building – a stunning piece of Edwardian architecture and, as an investment, it offers numerous possibilities for any would-be buyer.
“Cambrai Court is currently part-let, with over 75 per cent occupied producing £260,958 per annum, with the potential for £339,162 once fully let.
“There is also the added potential of further developing the site to the rear, so there really are plenty of options with this investment opportunity. It has huge scope for rental growth and owner occupier possibilities.”