Latham House

Latham House is a rare opportunity to acquire an elegant Birmingham City Centre building, with exceptional development and alternative use potential. Vacant possession is achievable in December 2023.

• Situated in a prime position in Birmingham city centre, overlooking the Paradise scheme immediately opposite, and in close proximity to the city’s civic heart
• Superb connectivity, being situated immediately adjacent to Town Hall Metro stop, and within a 5-minute walk of Birmingham New Street Station
• Exceptional development and alternative use potential, with vacant possession achievable from December 2023
• Scheme options include delivery of a comprehensively refurbished office scheme, or exploring alternative uses including residential, student housing or hotel, subject to planning
• Birmingham benefits from strong office and residential market dynamics, with an immediate lack of supply in both markets, fueling growth in rents and sales values
• 2,476 sq m (26,653 sq ft) of commercial accommodation arranged over basement, ground, and six upper floors, with 14 basement car parking spaces
• Freehold, not listed and outside conservation area
• The property benefits from an elegant and attractive period façade, a large entrance reception/lobby and generous common circulation areas
• Let to four tenants – Davies & Partners Solicitors, Hortons Estate, Sir Robert McAlpine and BAM Construction (under offer) on short term tenancy arrangements, with 9,099 sq ft vacant over three floors, offering a clear route to vacant possession in December 2023
• Attractive short-term income, with a total current gross rent of £278,358.00 pa, reducing to £203,070 pa accounting for costs associated with all-inclusive tenancies, prior to the deduction of any relevant holding costs associated with the vacant space

We are instructed to seek offers in excess of £4,000,000 subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive low capital value of £150.08 per sq ft.