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Office for Sale
Ethel Street, Birmingham, B2
SOLD 24,337 sf
Office for Sale
Ethel Street, Birmingham, B2
SOLD
The property comprises a ground floor reception, part mezzanine floor and the entirety of the two upper floors currently standing as unrefurbished former office accommodation. There is also a right to park up to 25 cars within the basement, albeit there are currently only 22 spaces marked out on the basement floor. The property is accessed via a dedicated reception on Ethel Street. The basement parking and upper floors are accessible via a central stair core which also houses, two passenger lifts and two goods lifts. Vehicular access to the basement car park is via two car lifts, which are accessible from Stephenson Street. The property sits within a building known as The Colonnades Building. The freehold of the Colonades Building is held is owned by South Staffordshire Council Pension Fund and does not form part of the sale. For the avoidance of doubt the basement, ground floor retail units, and half of the mezzanine floor fronting New Street do not form part of the sale. The property is offered with full vacant possession and requires comprehensive refurbishment.
| Floor | Size |
|---|---|
| m | 3,853 sf |
| g | 239 sf |
| 2nd | 10,233 sf |
| 1st | 10,013 sf |
| Total | 24,338 |
Location
Winston Churchill House occupies a prominent location within Birmingham city centre, positioned in close proximity to both New Street Station and Victoria Square. The site lies between two primary streets at the heart of the city centre: New Street - a pedestrianised street extending from Victoria Square to the Bullring Shopping Centre; and Stephenson Street - the location of the new 'Victoria Square' entrance to Birmingham New Street station. Ethel Street runsalong the western elevation of the property. The property benefits from substantial daily footfall as a natural thoroughfare for office workers travelling between New Street Station and the main office core on Colmore Row. It is also close to Birmingham's dominant retailing destinations, including the Bullring, The Mailbox and Pavilions. Birmingham New Street railway station is the most active station outside London serving as the busiest interchange in the country. A major new entrance at the corner of Stephenson Street and Navigation Street, 75 metres from Winston Churchill House, opened in 2013 and a £650 million project to increase capacity and improve facilities was completed in 2015. Stephenson Street is also the terminus for the recently completed phase of the Midland Metro extension from Snow Hill Station that now continues through Broad Street to Edgbaston.Amenities
Substantial repositioning opportunity of the upper floors within a strategically situated mixed use buildingLocated in the heart of Birmingham city centre
Situated just 2 minutes' walk from New Street Station
Total floor area equates to 24,337 sq ft GIA arranged over part mezzanine, first and second floors (excluding shared common areas and the balance of the accommodation, which is retained within the freehold interest)
Also benefiting from a right to park up to 25 vehicles within the basement, which is accessed via a car lift
Large open plan floor plates divisible via the central core
Excellent repurposing and repositioning opportunity. Suitable for a range of uses, subject to planning and freeholder consent
Long leasehold interest with 41.5 years unexpired at a peppercorn
Full vacant possession
New key point...