Property overview

The Courtyard, Solihull, 707 Warwick Road, Solihull, B91 3DA

sold

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£8,650,000
Nov 2017

Franck Steier Price has recently completed the sale of a prime multi-let office development in the Solihull town centre.

The property comprises a modern attractive courtyard office development extending to 43,020 sq.ft arranged over 9 separate buildings and 153 car parking spaces providing a ratio of 1:281 sq.ft.

The total passing rent at the time of sale was £588,223 per annum with a WAULT of 5.38 years to expiry and 3.78 years to break.

Approximately 10,000 sq.ft of office space is vacant.

The investment sold for £8,650,000 which reflected a net initial yield of 6.37%.

Franck-Steier Price represented the vendor M&G Property and purchaser was Longmead Capital who were represented by Savills.