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

November 2018

Guildhall Buildings, Navigation Street, Pinfold Street & Stephenson Street, Birmingham, B2 4BT

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The property is located at the heart of Birmingham’s gateway adjacent to both Birmingham New Street and the Metro tram extension as well as being in close proximity to New Street’s prime retail pitch.  The property comprises a substantial period building extending to 32,442 sq.ft across basement, ground floor retail and four upper floors of office accommodation.  5,254 sq.ft of vacant accommodation with a WAULT of 4.07 years to expiry and 3.23 years to break.  Initial income £875,000 per annum.  Reversionary potential of £975,000 per annum on letting the vacant space.  Offers sought in excess of £12,330,000 which reflect a net initial yield of 6.65% and a reversionary yield of 7.41%.