Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

July 2018

2010, 2020, 2030, 2040 and 2050, Birmingham Business Park, The Crescent, Birmingham, B37 7YS

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The property comprises four office buildings located on the Midland’s premier business park.  The property has a total area of 47,203 sq.ft with an excellent parking ratio of 1:189 sq.ft.  Three of the buildings have been refurbished to a very high standard.  Total rental income £817,793 per annum (average passing rent is only £16.96 per sq.ft).  The property has considerable asset management opportunities.  Offers sought in excess of £9,300,000 which reflects a net initial yield of 8.24% and a low underlying capital value of £197 per sq.ft, assuming purchaser’s costs of 6.69%.