Westbury House, 701-705 Warwick Road, Solihull, B91 3DAMake an enquiry
Franck Steier Price has recently completed the acquisition of a single let office investment on behalf of Custodian REIT Plc.
The property is located on the main Warwick Road in Solihull town centre. The property is a Georgian office building with modern rear extension totalling 856.5 sq.m (9,219 sq.ft).
The property is let to Lyons Davidson Ltd, on a lease expiring in October 2024. The current rent is £189,000 per annum.
The purchase price of £1,975,000 reflected a net initial yield of 9.05% after purchaser’s costs of 5.80%.
The vendor was represented by Alder King.