Highlands House

Highlands Road, Shirley, Solihull
Sold
Highlands House
Highlands Road, Shirley, Solihull
  • Opportunity to acquire a multi-let office building with asset management potential.
  • Prominently located on Highlands Road, part of the Monkspath Estate with good access links to the M42 motorway and Solihull Town Centre.
  • Two story offices extending to 14,685 sq. ft. with 53 car parking spaces providing a ratio of 1:277sq. ft.
  • Freehold.
  • Tenants include, React Building Services, Integrity Security Group, Amtech and Allen Construction providing a WAULT of 4.4 years to lease expiry and 3.2 years to break.
  • Current passing rent of £105,076 pa equating to £7.16 per sq ft overall with an anticipated reversionary rent of £177,608 pa on settling outstanding rent reviews and refurbishing and letting the vacant office suite.

We are instructed to seek offers in excess of £1,350,000 (One Million Three Hundred and Fifty Thousand Pounds)subject to contact and exclusive of VAT.

A purchase at this level reflects a net initial yield of 7.34%, a reversionary yield of 12.41% and an attractive capital value of £91.93 per sq ft assuming standard purchasers’ costs of 6.02%.

Downloads

Click below to download the sales particulars:

Further Information

If you would like any further information on the above property please get in touch with us.
Get in touch

Subscribe to the MK2 mailing list:

MK2 Real Estate | 4th Floor | One Seven Two Edmund St | Birmingham | B3 2HB
RICS
© MK2 Real Estate 2018. All Rights Reserved. Site by Diablo
usersdownload linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram