Investment

Available

Prime Office and Leisure Investment, Birmingham

Victoria House, 114 – 116 Colmore Row, Birmingham, B3 3BD

For Sale

Terms

924.11 sq ft

Size

Prime Office and Leisure Investment, Birmingham

Gallery

Prime central Birmingham office and leisure investment.
Located in the UK’s second largest city, the administrative hub for the West Midlands with a thriving commercial core, retail and leisure scene.
The ground floor and basement are let to an established leisure and restaurant operator with a current reversionary rent of £67,500 pa, subject to an outstanding rent review
Offices totalling 6,777 sqft over first to fourth floors, partly let to tenants including Lumen Technologies, Simply Planning and The Pain and Injury Clinic with a total current income of £39,441 pa reflecting rents of less than £20 psf, compared to prime Birmingham rents reaching £50 psf.
Total current passing rent of £106,941 pa with a potential reversion to £220,000 per annum on letting of the vacant offices and completion of the outstanding review.
Long Leasehold from Birmingham City Council expiring 2140 subject to seven yearly reviews with a current ground rent of £27,095 pa.

More information

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Contact Us

Team members

36977Prime Office and Leisure Investment, Birmingham

Consultant – Investment

Ken Morgan

ken.morgan@rapleys.com

37955Prime Office and Leisure Investment, Birmingham

Partner – Agency

Tim Richards

tim.richards@rapleys.com

957Prime Office and Leisure Investment, Birmingham

Associate Partner, Head of Alternative Investment

Rebecca Harper

rebecca.harper@rapleys.com

Where to find this property

114-116,
Colmore Row,
Birmingham
B3 3BD