Property overview

Westbury House, 701-705 Warwick Road, Solihull, B91 3DA

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£1,975,000
Feb 2015

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.