Unit 1 Church Court, 11-12 Cox Street St Paulís Square, Birmingham, West Midlands, B3 1RD

Key Features

Close Proximity to Birmingham City Centre
Renewed lease with a great covenant tenant
Kitchenettes on each floor
Ample Natural Light
5 Car Parking Spaces on site
Close to public transport
24 Hour Access
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Property Description

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, offering a strong investment opportunity with a 6.73% net yield. 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 and 4, with an upward-only market rent review in year 5 and a tenant break option in year 4. Tutors and Exams Limited has a credit safe risk score of 76 and 2023 shareholder funds exceeding £500,000, 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 radiators 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.

Viewings

Strictly by appointment with the agent Bromwich Hardy.

Terms

Sale of the long leasehold. Leasehold Term: 20 December 2016 to 16 April 2157.
The ground rent is £150 per year and will double every 30 years. The next scheduled increase is in April 2037.

Location

Located in the heart of Birmingham's historic Jewellery Quarter, Unit 1 Church Court offers a prime position just off St Paul's Square-one of the city's most desirable professional and creative hubs. Surrounded by a mix of stylish offices, independent businesses, and vibrant eateries, this address combines central convenience with characterful charm. Just a short walk from Birmingham city centre and well-connected via Snow Hill and New Street stations, it's ideal for businesses seeking both accessibility and prestige.