One Cranmore Drive, Solihull, Solihull, B90 4RZ

Solihull is an affluent West Midlands town voted the “best place to live in the UK” in 2013 benefitting from excellent road, rail and air transport linksExcellent business park location with good motorway access onto the M42The Birmingham out of town and M42 office market has seen significant letting activity recently with Solihull being at the centre of this activity. 2014 saw 420,000 sq ft of space taken up with 2015 set to produce further healthy levelsModern Grade A office building extending to (3,584 sq m) 38,585 sq ftMulti let to a strong tenant mix including C & J Clark International, Spirotech and Emcor Group (UK)Long Leasehold interest for a term of 109 years from 5th July 2013 with a ground rent of £50,000 per annumCurrent gross income of £442,312 per annum and net income of £392,312 per annum after ground rent payment with considerable reversionary potentialWe are instructed to seek offers in excess of £3,025,000 reflecting an attractive net initial yield of 12.25 % rising to an estimated 12.9% at rent review in May 2017, and a low capital value per sq ft of £78.40

Location