Property photos
£600,000
(£168.63/sq. ft)
Office for sale
Unit 1 Church Court, 11-12 Cox Street, St Paul’S Square, Birmingham B33,558 sq. ft
Local area information
Property location
Nearby amenities
- Central Academy 0.2 miles
- Blackwater Academy 0.2 miles
- Birmingham Snow Hill 0.3 miles
- Jewellery Quarter 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Birmingham to find out more about the local area.
Features and description
- Prominent Jewellery Quarter Location
- Renewed lease with a strong covenant
- 6.35% net initial yield and a reversionary yield 7.14%
- Self Contained Office
- 5 Car Spaces on site
- Close to public transport
- 24 Hour Access
This attractive 3-storey office building in the Birmingham Jewellery Quarter is fully let to Tutors and Exams Limited on a 7-year lease outside the Landlord and Tenant Act 1954, offering a strong investment opportunity with a 6.35% net initial yield and a reversionary yield 7.14%. The property is registered for VAT and can be treated as going concern.
The lease generates a stepped rental income of £40,000 per annum in years 1 and 2, rising to £45,000 per annum in years 3 to 5, with an upward-only market rent review and tenant break option on the 5th anniversary. Tutors and Exams Limited has a creditsafe risk score of 76 and shareholder funds exceeding £500,000 as at August 2023, reinforcing the covenant strength.
The property features a boardroom, reception, and breakout spaces on the ground floor, with open-plan offices on the first and second floors. Built-in kitchenettes on all floors provide ample storage and space for appliances, while natural light floods the workspace, creating a bright and inviting environment. Heating is via central heating with thermostats on each floor.
Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarms, making this a secure and highly attractive investment opportunity.
The lease generates a stepped rental income of £40,000 per annum in years 1 and 2, rising to £45,000 per annum in years 3 to 5, with an upward-only market rent review and tenant break option on the 5th anniversary. Tutors and Exams Limited has a creditsafe risk score of 76 and shareholder funds exceeding £500,000 as at August 2023, reinforcing the covenant strength.
The property features a boardroom, reception, and breakout spaces on the ground floor, with open-plan offices on the first and second floors. Built-in kitchenettes on all floors provide ample storage and space for appliances, while natural light floods the workspace, creating a bright and inviting environment. Heating is via central heating with thermostats on each floor.
Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarms, making this a secure and highly attractive investment opportunity.
Floor plans and tours
Floor plans (1)
Tours (1)
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More information
Listed by
Bromwich Hardy
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