2 Bromwich Court, Gorsey Lane, Birmingham, Warwickshire

Property Details: • Type: Office • Tenure: N/A • Floor Area: 27363 sqft

Key Features: • Freehold Multi-let office building • Multi-let to three tenants producing an annual income of £218,488 reflecting a low rent of £12.50 per sq ft • Strategically positioned off Gorsey Lane in Coleshill which provides easy access to both Junction 9 of the M42 and Junction 4 of the M6. • WAULT to expiry of 3.49 years and to 3.04 years to break.

Location: • Nearest Station: Coleshill Parkway Station • Distance to Station: 0.14923798482049905 miles

Agent Information: • Address: Lancaster House, 67 Newhall Street, Birmingham, B3 1NQ

Full Description: 2 Bromwich Court is situated off Gorsey Lane close to its junction with the Lichfield Road. Access to the motorway network is gained via the A446 which leads directly to both Junction 9 of the M42 and Junction 4 of the M6. Access to the M6 Toll can also be gained off Junction 9 of the M42.<br /><br />In addition, Coleshill Parkway Railway Station is within walking distance and The National Exhibition Centre, Birmingham Airport and Birmingham International Railway Station are all within 10 minutes' drive. Connectivity to the town will be improved further upon the arrival of HS2 and the Birmingham Interchange, which will be located by the Airport and NEC off Junction 6 of the M42.<br /><br />Offers are invited in the region of £1,950,000. A purchase at this level reflects a Net Initial Yield of 11.20% and a low capital value of £71.26 per sq ft, assuming purchaser's costs of 6.59%.<br /><br />- Modern office building arranged over three floors which extends 27,363 sq ft.<br />- Strategically positioned off Gorsey Lane in Coleshill which provides easy access to both Junction 9 of the M42 and Junction 4 of the M6.<br />- Multi-let to three tenants producing an annual income of £218,488 reflecting a low rent of £12.50 per sq ft.<br />- WAULT to expiry of 3.49 years and to 3.04 years to break.<br />- 107 car parking spaces reflecting a ratio of 1 space per 258 sq ft.<br />- Freehold<br /><br />2 Bromwich Court is a multi let, semi detached purpose built office building that sits within a secure gated site, with a dedicated car park to the front and a well maintained garden to the rear.<br /><br />The office suites have all been refurbished benefiting from the following specification:<br /><br />- Raised access floor/under floor trunking with floor boxes<br />- Carpeted throughout<br />- Double glazed PVC windows<br />- Suspended ceiling with inset flat LED panel/LG3 lighting<br />- Air conditioning throughout<br />- Communal ladies and gents WC facilities on each floor<br /><br />There are 107 on site car parking spaces serving the building.