2nd Floor,
Prince Frederick House
35-39 Maddox Street
London, W1S 2PP

Tel: 020 7499 4378
Fax: 020 7499 3478

1 Victoria Square, Birmingham, B1 1BD

Price: c. £15.0m
Size 95,000 ft2

Location

The property is situated in the heart of Birmingham City Centre on the south west corner of Victoria Square, some 200 metres from New Street Station.

Description

Totalling some 95,000 sqft of office and A3 accommodation. The property comprises a modern office property and a ground floor restaurant with ample on site car parking.

The property is strategically placed in very close proximity to New Street Station, which has recently completed a redevelopment; its principle entrance now directs pedestrian flow into Central Birmingham via Hill Street and therefore directly pass the Fund’s holding. One Victoria Square is predominantly let off of a very low rental base for high quality offices in this location.

As well as refurbishing the reception area of the property the Fund has recently completed the refurbishment of the 4th floor to provide some 11,650 ft2 of high specification city centre accommodation. The Fund has also commenced a major redecoration and maintenance programme to the external elevations and common areas of the property.

Half of the 9th floor has been let to Applause IT, leaving the 4th floor, along with the remaining part of the 9th floor to let. This is being marketed by joint agents DTZ and GBR Phoenix Beard through their Birmingham offices.

The property was successfully disposed of in July 2016.