Crystal Court, Aston Cross Business Village, Birmingham, B6 5RQ

An excellent opportunity to acquire a high yielding multi let office investment. • Comprises a modern, 3 storey, self-contained, office building totalling 40,744 sq ft (3,785.12 sq m).• Situated in a prime position at the entrance to Aston Cross Business Village, 1.5 miles (2.4km) north of Birmingham city centre.• Excellent access to the national motorway network via Junction 6 of the M6 motorway situated 1.5 miles (2.4 km) distant.• The property is let to 3 tenants with an average weighted unexpired lease term of c.3.82 years to expiry and c. 3.00 years to break.• Total rent passing of £513,500.50 per annum.• Freehold.• Ongoing asset management potential through lease regears, renewals and letting of vacant accommodation.Offers in the region of £2,400,000 (Two Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT, which equates to a low capital value of £58.90 per sq ft.
A purchase at this level reflects an attractive Net Initial Yield of 20.20% and a Triple Net Yield of 19.00%, after the deduction of irrecoverable expenditure in relation to service charge and rates liabilities, assuming purchaser’s costs of 5.80%.

Location