One Tony Wilson Place, Manchester
UK - Manchester
£52,500,000 | 174,951 sf
21 Bennetts Hill is a high quality newly refurbished art deco styled office and retail property located in Birmingham City Centre. The property extends to a total of 1,911 sq m (20,574 sq ft) offering a rare EPC A rating on the office accommodation, and a reversionary rental profile.
The property is located in a highly strategic position in Birmingham’s prime office core, with immediate proximity to Birmingham’s prime retail & leisure pitch, offering superb accessibility to Birmingham New Street Station.
The property provides 14,641 sq ft of newly refurbished contemporary Grade A office accommodation and 5,933 sq ft of retail/leisure. The office accommodation is arranged over ground floor and 6 upper floors, in 12 suites (650 sq ft – 1,550 sq ft in size), with floorplates arranged to the front and rear of the building around a central core.
We are instructed to seek offers in excess of £6,250,000 subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive net initial yield of 7.65% and a low capital value of £303.78 per sq ft.