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

June 2018

63 Church Street, Birmingham, B3 2DP

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The property comprises a refurbished multi-let office building in Birmingham’s central office core.  16,111 sq.ft in total providing suites from 850-3,645 sq.ft.  Fully let with a WAULT of 6.4 years to expiries and 3.5 years to breaks.  Current income £311,238 per annum.  Held long leasehold for a term of 125 years with a current ground rent of £20,713 per annum.  Offers sought in excess of £3,635,000 which reflects a net initial yield of 7.5% and a low underlying capital value of £225 per sq.ft.