CITY CENTRE OFFICES FOR SALE - Bilfinger GVA
50-52 NEWHALL STREET
For Sale on behalf of G B Judd, Joint LPA Receiver
50-52 NEWHALL STREET, BIRMINGHAM B3 3RJ
CITY CENTRE OFFICES FOR SALE 752 sq m (8,098 sq ft) Prominent location within Birmingham’s Central Business District • Current passing rental income of £53,000 pa inclusive
LOCATION
SERVICES
50-52 Newhall Street offers a prime business location on the corner of Newhall Street and Cornwall Street in the heart of Birmingham’s business district. Birmingham’s Inner Ring Road (Great Charles Street) is close by which gives direct access to A38 (M) and the national motorway network.
We understand all services are available to the property, although none have been tested. Interested parties should rely on their own enquiries.
The building is minutes from Snow Hill Station, Birmingham Metro and Colmore Row. Nearby amenities include Hotel Du Vin, OPUS Restaurant, Metro Bar. The main shopping area, The Bull Ring, is within a 10 minute walk.
Unconditional offers are invited for the freehold interest.
VAT All prices quoted are exclusive of VAT liability.
ASKING PRICE
A vendors information pack is available upon request.
LEGAL COSTS DESCRIPTION 50-52 Newhall Street comprises a four storey Grade II Listed building offering traditional office space within Birmingham City Centre with access from Newhall Street. • Period features • Cellular offices/meeting rooms • Kitchen facilities • Feature staircase The building is currently part tenanted and part vacant.
TENANCY The current passing rental income is £53,000 pa inclusive. Please see tenancy schedule overleaf for further details.
PLANNING The property has potential for alternative uses, subject to planning. Interested parties should make their own enquiries with Birmingham City Council (0121 303 1115) in respect of planning.
TENURE We understand the property is held on a freehold basis.
Each party to bear their own legal costs incurred in the transaction.
VIEWING Strictly by appointment with the sole agent.
TENANCY SCHEDULE
NUMBER 50 FLOOR SQ M
SQ FT TENANT
START DATE END DATE
ANNUAL RENT
Basement 89.13
959
Dass Solicitors
1/1/14
31/12/14
£36,000
Ground
57.18 40.02
615 431
Dass Solicitors Vacant
First
110.31
1,187
Dass Solicitors
Second
87.09 9.36
937 101
Dass Solicitors Vacant
Third
49.52 48.56
533 523
Dass Solicitors Connected Cars
3/10/11
2/10/26
£6,000
Total
491.17 5,286
NUMBER 52
FLOOR SQ M
SQ FT TENANT
START DATE END DATE
Basement 46.17
497
Vacant
Ground
66.09
711
Vacant
First
54.11
582
Saroia Staffing Services 19/8/13
31/1/14
£6,000
Second
51.22
551
Finance Direct
4/9/26
£5,000
Third
43.77
471
Dass Solicitors
Total
261.36 2,812
5/9/11
ANNUAL RENT
TOTAL NET INTERNAL FLOOR AREA: 752 SQ M (8,098 SQ FT)
The property is currently occupied by various tenants by way of a series of all-inclusive licence agreements. Copies of the licence agreements are available upon request. Annual rent is inclusive of reception and switchboard facilities (excluding Saroia), cleaning services, toilet facilities, water, gas, electricity, disposal of office refuse and business rates.
50-52 NEWHALL STREET M6 J6
A34
ST
A457
ET CORPORATION STRE
COL
NEW
NEW
ST
BULL RING SHOPPING CENTRE
ST
PARK ST
W MOR
LES S
VICTORIA SQUARE
MOOR ST
ST
L ST
E RO
HAL
ST
GREAT
NEW
PLE
ST
ST
TEM
LIONEL
RCH
HIGH
L ST
CHAR
NEWHAL
CHU
WALL STREE
E ST
BT TOWER
T
T QUE
LUDGAT
CORN
ST PAULS
ENSW AY
COLMORE CIRCUS SNOW HILL
AY SW EN UE
CORPORATION STRE
ET
A41
TQ AT SW ME JA
CH
AD
S
A38
NEW ST HIL
THE NIA
SUF
BR OA D
ST
LS
FOL
KS
TQ
T
NSW AY
HIPPODROME
A456 WA YH
EA
D
BR
IS
TO
L
ST
A38
HO
LL O
M5 J3
POSTCODE: B3 3RJ
ARCADIAN
FORTE CREST
UEE
B4127
M5 J4
CONTACT Toby O’Sullivan 0121 609 8084 toby.o’[email protected] Luke Thacker 0121 609 8488 [email protected] Bilfinger GVA is the trading name of GVA Grimley Limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. Designed and produced by Q Squared Design Ltd 01789 730833.
3 Brindleyplace Birmingham B1 2JB
gva.co.uk
/8906
0121 236 8236
For Sale on behalf of G B Judd, Joint LPA Receiver
50-52 NEWHALL STREET, BIRMINGHAM B3 3RJ
CITY CENTRE OFFICES FOR SALE 752 sq m (8,098 sq ft) Prominent location within Birmingham’s Central Business District • Current passing rental income of £53,000 pa inclusive
LOCATION
SERVICES
50-52 Newhall Street offers a prime business location on the corner of Newhall Street and Cornwall Street in the heart of Birmingham’s business district. Birmingham’s Inner Ring Road (Great Charles Street) is close by which gives direct access to A38 (M) and the national motorway network.
We understand all services are available to the property, although none have been tested. Interested parties should rely on their own enquiries.
The building is minutes from Snow Hill Station, Birmingham Metro and Colmore Row. Nearby amenities include Hotel Du Vin, OPUS Restaurant, Metro Bar. The main shopping area, The Bull Ring, is within a 10 minute walk.
Unconditional offers are invited for the freehold interest.
VAT All prices quoted are exclusive of VAT liability.
ASKING PRICE
A vendors information pack is available upon request.
LEGAL COSTS DESCRIPTION 50-52 Newhall Street comprises a four storey Grade II Listed building offering traditional office space within Birmingham City Centre with access from Newhall Street. • Period features • Cellular offices/meeting rooms • Kitchen facilities • Feature staircase The building is currently part tenanted and part vacant.
TENANCY The current passing rental income is £53,000 pa inclusive. Please see tenancy schedule overleaf for further details.
PLANNING The property has potential for alternative uses, subject to planning. Interested parties should make their own enquiries with Birmingham City Council (0121 303 1115) in respect of planning.
TENURE We understand the property is held on a freehold basis.
Each party to bear their own legal costs incurred in the transaction.
VIEWING Strictly by appointment with the sole agent.
TENANCY SCHEDULE
NUMBER 50 FLOOR SQ M
SQ FT TENANT
START DATE END DATE
ANNUAL RENT
Basement 89.13
959
Dass Solicitors
1/1/14
31/12/14
£36,000
Ground
57.18 40.02
615 431
Dass Solicitors Vacant
First
110.31
1,187
Dass Solicitors
Second
87.09 9.36
937 101
Dass Solicitors Vacant
Third
49.52 48.56
533 523
Dass Solicitors Connected Cars
3/10/11
2/10/26
£6,000
Total
491.17 5,286
NUMBER 52
FLOOR SQ M
SQ FT TENANT
START DATE END DATE
Basement 46.17
497
Vacant
Ground
66.09
711
Vacant
First
54.11
582
Saroia Staffing Services 19/8/13
31/1/14
£6,000
Second
51.22
551
Finance Direct
4/9/26
£5,000
Third
43.77
471
Dass Solicitors
Total
261.36 2,812
5/9/11
ANNUAL RENT
TOTAL NET INTERNAL FLOOR AREA: 752 SQ M (8,098 SQ FT)
The property is currently occupied by various tenants by way of a series of all-inclusive licence agreements. Copies of the licence agreements are available upon request. Annual rent is inclusive of reception and switchboard facilities (excluding Saroia), cleaning services, toilet facilities, water, gas, electricity, disposal of office refuse and business rates.
50-52 NEWHALL STREET M6 J6
A34
ST
A457
ET CORPORATION STRE
COL
NEW
NEW
ST
BULL RING SHOPPING CENTRE
ST
PARK ST
W MOR
LES S
VICTORIA SQUARE
MOOR ST
ST
L ST
E RO
HAL
ST
GREAT
NEW
PLE
ST
ST
TEM
LIONEL
RCH
HIGH
L ST
CHAR
NEWHAL
CHU
WALL STREE
E ST
BT TOWER
T
T QUE
LUDGAT
CORN
ST PAULS
ENSW AY
COLMORE CIRCUS SNOW HILL
AY SW EN UE
CORPORATION STRE
ET
A41
TQ AT SW ME JA
CH
AD
S
A38
NEW ST HIL
THE NIA
SUF
BR OA D
ST
LS
FOL
KS
TQ
T
NSW AY
HIPPODROME
A456 WA YH
EA
D
BR
IS
TO
L
ST
A38
HO
LL O
M5 J3
POSTCODE: B3 3RJ
ARCADIAN
FORTE CREST
UEE
B4127
M5 J4
CONTACT Toby O’Sullivan 0121 609 8084 toby.o’[email protected] Luke Thacker 0121 609 8488 [email protected] Bilfinger GVA is the trading name of GVA Grimley Limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. Designed and produced by Q Squared Design Ltd 01789 730833.
3 Brindleyplace Birmingham B1 2JB
gva.co.uk
/8906
0121 236 8236
