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

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