Church Court, Cox Street, St Paul?s Square, Birmingham, B3

This attractive 3-storey office building in the Birmingham Jewellery Quarter is fully let to Tutors and Exams Limited on a 7-year lease outside the Landlord and Tenant Act 1954, offering a strong investment opportunity with a 6.35% net initial yield and a reversionary yield 7.14%. The property is registered for VAT and can be treated as going concern. The lease generates a stepped rental income of ?40,000 per annum in years 1 and 2, rising to ?45,000 per annum in years 3 to 5, with an upward-only market rent review and tenant break option on the 5th anniversary. 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 property features a boardroom, reception, and breakout spaces on the ground floor, with open-plan offices on the first and second floors. Built-in kitchenettes on all floors provide ample storage and space for appliances, while natural light floods the workspace, creating a bright and inviting environment. Heating is via central heating with thermostats on each floor. Additional benefits include five onsite parking spaces, secure courtyard access, 24-hour entry, and security gates and alarms, making this a secure and highly attractive investment opportunity.