Two Devon Way

• Highly reversionary, Out of Town office investment.
• A modern former HQ building with exceptional ESG credentials and existing high end internal specification fitout.
• Strategically located in Longbridge town centre, 6.5 miles Southwest of Birmingham 
• Benefitting from excellent transport links and amenities.
• Two strong existing tenants in St Modwen Homes and Wardell Armstrong LLP. 
• Asset management opportunity to let current vacant space and increase rental tone. 
• Initial income of £402,035 per annum, with reversionary potential to increase this to £628,543 when fully let. 
• Freehold.

We are instructed to seek offers in excess of £3,750,000 (Three Million, Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 10.06% assuming purchaser’s costs of 6.52% and an anticipated Reversionary Yield of 15.74% once fully let. This represents a low Capital Value of £127.21 per sq ft.