The property comprises a 3-storey office building in the Birmingham Jewellery Quarter, fully let to a single commercial tenant producing a stepped rental income of £40,000 p.a. in years 1 and 2, rising to £45,000 p.a. in years 3 to 5, as summarised below:

Entire Building - let to Tutors and Exams Limited on a 5-year lease from 09/11/2023, outside the Landlord and Tenant Act 1954, at a stepped rent of £40,000 p.a. (years 1-2) rising to £45,000 p.a. (years 3-5).

Tutors and Exams Limited has a Creditsafe risk score of 76 and shareholder funds exceeding £500,000 as at August 2023, reinforcing the covenant strength. The lease provides a net initial yield of 6.35% and a reversionary yield of 7.14%. The property is registered for VAT and can be treated as a going concern.

The building features a boardroom, reception, and breakout areas on the ground floor, with open-plan office accommodation on the first and second floors. Each floor includes built-in kitchenettes offering ample storage and appliance space. The property benefits from excellent natural light and central heating with thermostatic controls on each floor.

Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarm systems, making this a secure and attractive investment opportunity.
( Agency Pilot Software ref: 3512 )

Unit 1 Church Court, 11-12 Cox Street St Paul�s Sq, Birmingham, B3 1RD

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