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.
( Agency Pilot Software ref: 3512 )

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

Property Quote Price(s)

Documents and links

Thank you for your enquiry

Many thanks, your enquiry has been sent to the agent

Success!