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Blenheim CourtRadcliffe & Chadwick, Warwick Road & Lode Lane, Solihull
- New
- Sole agency
- Freehold
Key features
- Most prominent office scheme in Solihull town centre
- Property comprises two modern multilet office buildings
- Mix of refurbished Grade A accommodation and unrefurbished space
- 421 car parking spaces providing for an excellent parking ratio of 1:346 sq ft
- 75% let to 14 tenants at a combined passing rent of £2,576,394 per annum
- Low average passing rent of £23.79 per sq ft across the occupied space
- High quality tenant line up benefiting from a variety of strong covenants
- Diverse income stream with an attractive overall covenant profile
- Radcliffe has undergone a comprehensive refurbishment in 2024
- Freehold
Highly prominent multi building office investment with significant value add and alternative use potential.
About this property
Blenheim Court comprises two principle office buildings arranged around a shared car park, communal landscaped areas and a separate grade II listed nursery fronting Warwick Road.
Radcliffe comprises a total of 60,675 sq ft NIA. The ‘T’ shaped office building provides a reception at ground floor and 6 upper floors of Grade A office accommodation. The property can be occupied on a floor by floor basis (c. 10,000 sq ft) or subdivided into single suites ranging from 1,854 sq ft to 5,368 sq ft.
Chadwick comprises a total of 83,483 sq ft NIA of grade A office accommodation arranged over 6 upper floors with an open plan reception and shared meeting rooms on the ground floor. The property benefits from open plan floorplates which extend to circa 14,000 sq ft that can be be sub-divided on a part floor basis.
Local information
- Blenheim Court enjoys a highly prominent and strategic location off the B4102 Warwick Road. Positioned at the northern edge of the town centre, the property is accessible via Lode Lane to the west and Warwick Road to the south. It is bordered to the north and east by Solihull Hospital and The Courtyard office scheme respectively.
Additional information
- Savills are instructed to seek offers in excess of £19,000,000 for the freehold interest, subject to contract and exclusive of VAT.
- Based off the passing rent of £2,576,394 per annum, a purchase at this level reflects a Net Initial Yield of 12.70%, allowing for standard purchaser’s costs of 6.74%, a triple net initial yield of 9.05%, a potential revisionary yield to in excess of 20%, and a capital value of £130 per sq ft.
Available space
| Floor | Size (Sq Ft) |
|---|---|
| RADCLIFFE - 6th | 10,083 |
| RADCLIFFE - 5th | 10,146 |
| RADCLIFFE - 4th | 10,160 |
| RADCLIFFE - 3rd | 9,916 |
| RADCLIFFE - 2nd | 10,210 |
| RADCLIFFE - 1st | 10,160 |
| CHADWICK - 6th | 14,017 |
| CHADWICK - 5th | 13,863 |
| CHADWICK - 4th | 14,000 |
| CHADWICK - 3rd | 13,749 |
| CHADWICK - 2nd | 13,897 |
| CHADWICK - 1st | 13,957 |