Summary
Louisa Ryland House offers an opportunity for conversion to a hotel or serviced apartment use, subject to the receipt of planning
Location
Louisa Ryland House occupies a highly prominent position within Birminghams Central Business District. The property is situated fronting onto Newhall Street, Edmund Street and Cornwall Street. The propertys position is 100% prime lying just to the south of Colmore Row within the traditional office core. Victoria Square, Birminghams civic heart, is 100m south-west and both Snow Hill Railway Station and New Street Railway Station are within a 5-10 minute walk from the property, being located 300m and 450m distant respectively. The recent completion of the Birmingham Metro Line now links these two stations.
The property is situated within Colmore Business District, a business improvement district established to project manage improvements and services to the central business quarter of Birmingham. The Colmore Business District (CBD) area is Birminghams premier concentration of professional and business service companies, with around 500 companies located in the District, employing up to 35,000 people and encompassing approximately 520,240 sq m (5.6 million sq ft) of office space
Availability
The existing property comprises three distinct but interconnected office buildings that offer a combined total of 80,459 sq ft of office accommodation, inclusive of 7,840 sq ft at basement level. Originally built between 1879 and 1883 the combined buildings comprise:
• 44-46 Newhall Street (formerly known as Board of Guardians Office)
• 96 Edmund Street (formerly known as Empire House)
• 98 Edmund Street (formerly known as School Board Offices)
The buildings were substantially rebuilt and amalgamated to provide a single integrated floor plate in 1985. These works involved retaining the Grade II listed façade whilst a new steel frame was installed behind. The amalgamated property has an L-shaped floor plate with an internal courtyard filling the remaining area as part of a rectangular shaped site.
44-46 Newhall Street extends across basement, ground and four upper floors with the fifth floor solely providing plant space whilst 96 and 98 Edmund Street are arranged over ground and five upper floors. Again, the sixth floor is reserved for plant. Within 44-46 Newhall Street the basement level is arranged as storage accommodation.
Terms
Long leasehold from Birmingham City Council for a term of 150 years, expiring 30 March 2165. The future ground rent from a commercial scheme will be 1% of rents received, and for a future residential scheme is 300 per unit subject to 5 yearly RPI uplifts. Further information is available on request.