City centre office building on the market

A Birmingham office building has hit the market with a £3.95m price tag.

York House at 38 Great Charles Street Queensway is located on the corner of Newhall Street and Great Charles Queensway and is being sold as a commercial investment with the potential for residential conversion, subject to planning permission.

The freehold, 22,175 sq ft, five storey building is currently part let, producing £187,552.50 a year, with an estimated rental value of £308,550 a year.

James Mattin, managing director agency of Bond Wolfe, said: “York House is one of the most recognisable  buildings in the inner city core, sitting at the heart of the business quarter.

“Its close proximity to both New Street and Snow Hill railway stations enhances its attraction for office workers, and it would also make an ideal residential conversion, subject to planning permission.”

Mattin added: “As well as the two main Birmingham train stations, it is just a few minutes’ walk from the Metro. Sitting with the established central business district of Birmingham, with all its leisure and hospitality amenities, it is also close the new Paradise development which will see a number of new bars and restaurants coming to the city.

“We are anticipating strong interest both from investors seeking a prime city centre commercial opportunity and developers with an eye on the residential potential.”