Mill Wharf

Mill Street, Birmingham, B6 4BS
Sold
Mill Wharf
Mill Street, Birmingham, B6 4BS

Property Investment with Development Potential

  • Rare opportunity to acquire an income producing property investment in a prominent position with excellent redevelopment prospects.
  • Direct access off the A38M Aston Expressway onto Mill Street in Birmingham, adjacent to the Canal and within close proximity of Birmingham Innovation Campus and Aston University.
  • Freehold two storey office and training centre extending to 20,758 sq ft including a large adjacent car park with a total site area of 0.9 acres.
  • Let to JTL on a 5 year lease expiring on 14th August 2023 with a tenant’s break clause at 15th February 2021 on giving 12 months notice. The lease is contracted outside of the security of tenure provisions of the Landlord and Tenant Act 1954.  
  • Current passing rent of £186,825 per annum equating to £9.00 per sq ft.
  • Excellent redevelopment opportunities (subject to planning) to student, residential or offices.
  • Offers in excess of £2,600,000 (Two Million Six Hundred Thousand Pounds) which reflects a net initial yield of 6.75% and a low capital value per sq. ft. of £125.

Downloads

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Further Information

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