Skip to content

Unit 1 Church Court, 11-12 Cox Street, St Paul’s Square, Birmingham, B3 1RD

£600,000

£168.63 per sq ft

Business rates & charges may apply

Bromwich Hardy LLP, Coventry
SIZE AVAILABLE

3,558 sq ft

331 sq m

SECTOR

Office for sale

Key features

  • 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

Description

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.

Brochures

Unit 1 Church Court, 11-12 Cox Street, St Paul’s Square, Birmingham, B3 1RD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • St. Paul's Tram Stop0.1 miles
  • Birmingham Snow Hill Tram Stop0.2 miles
  • Birmingham Snow Hill Station0.3 miles

About Bromwich Hardy LLP, Coventry

1 The Cobalt Centre Siskin Parkway East, Middlemarch Business Park, Coventry, CV3 4PE

Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.

Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.

They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 3512FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bromwich Hardy LLP, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.