Office for saleSilverworks, 67-71 Northwood Street, Birmingham, B3 1TX
Sold STC 6,614 sq. ft. | £1,200,000
- 6,614 sq ft (614 sq m)
- Use class orders: B1 Business
- FREEHOLD PREMISES
- ADJOINING CAR PARK
- INCOME PRODUCING
- CHARACTER BUILDING
- DEVELOPMENT POTENTIAL
The subject property is located close to the junction of Northwood Street and Caroline Street, within close distance of St. Paul's Square in the heart of Birmingham's Jewellery Quarter. Snow Hill and The Jewellery Quarter train stations are within easy walking distance, whilst numerous bus routes and a public car park can be found in the very near vicinity.
The property is a end-terraced Grade II listed period office building arranged over three floors which has undergone extensive refurbishment. It links period and modern features, the result being a contemporary, flexible office building which draws on the strength of the original structure to provide high quality, efficient office space with excellent natural light throughout. There is an internal courtyard.
We are advised all main services are connected including electricity and water.
We understand that a service charge is to be levied to cover the maintenance of the courtyard and the communal areas.
The ground & basement floor is currently let on a 4 year lease with effect from 29th December 2015 at a passing rent of £21,000 per annum exclusive. The first & second floor is currently let on a 4 year lease with effect from 1st July 2016 at a passing rent of £63,500 per annum exclusive. Further details available upon request.
The freehold interest is available for sale at a quoting price of £1,200,000, subject to contract.
The property is currently listed within the 2010 rating listing as having a rateable value of £19,000 and £45,500. Rates payable will be in the region of £9,367 & £20,952.50 per annum in respect to the ground floor and first & second floors respectively.
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.
The property is not elected for VAT.
Each party to pay their own legal costs incurred in this transaction.
Strictly by prior appointment with sole agents,
Mason Young Property Consultants.
More information from this agent
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