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Birmingham Business Park B37 7Yn

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Birmingham Business Park B37 7Yn UNITS 3100, 3120, 3140, 3160 AND 3180 PARK SQUARE, BIRMINGHAM BUSINESS PARK B37 7YN UNITSA COURTYARD3100, 3120, 3140, 3160 OFFICE AND 3180, PARK SCHEME SQUARE, CONSISTING BIRMINGHAM BUSINESS OF FIVE PARK MULTI B37 7YN LET OFFICE BUILDINGS WITH ASSET MANAGEMENT POTENTIAL 1 INVESTMENT SUMMARY r Birmingham Business Park is the West Midlands’ premier business park located 12 miles east of Birmingham City Centre close to Birmingham International Airport, the NEC, the M42 and the M6 r Demand for office accommodation along the M42 corridor has seen office take-up increase to above pre-recessionary levels r Corporate occupiers include Arup, Kier, Siemens, Fujitsu, Rolls Royce and Jaguar Land Rover. In the last 12-18 months there have been a number of significant lettings on Birmingham Business Park to National Grid, Interserve and Changan Automotive of China r The location offers unrivalled connectivity with 75% of the UK’s main commercial centres within 2 hours drive-time r As part of HS2, the Government is proposing a major new railway station in close proximity to Birmingham Business Park. Known as the Birmingham Interchange, it will provide high speed links to Leeds and Manchester in the north, London in the south and to Europe via HS1. r Park Square comprises a high quality office campus built in the early 1990s. There are five buildings totalling 66,304 sq ft set in an attractive landscaped environment with an excellent car parking ratio of 1:177 sq ft. r Freehold r Multi-let to 9 tenants producing a total income of £807,112 p.a (excluding rent, rates and s/c guarantees) equating to a low average rent of £15.60 psf overall r Proven reversion within the campus with lettings completed at headline rents of £18.50 psf, post refurb within the last 12 months r 69% of the income secured against covenants with a Credit Safe risk rating of either Very low or low risk r AWULT of 6.83 years to expiry and 3.54 years to break options r Approx. 23% of the space is vacant (15,060 sq ft) r Opportunity to add value through further upgrading and letting of the vacant space together with implementing forthcoming rent reviews r Quoting offers in excess of £10,700,000, reflecting a NIY of 9.50% (assuming standard purchasers costs of 6.7%) and a low capital value of £161 psf. This includes a 12 month rent, rates and s/c guarantee on the two vacant suites r Reversionary to 10.33% upon implementing rent reviews UNITS 3100, 3120, 3140, 3160 AND 3180, PARK SQUARE, BIRMINGHAM BUSINESS PARK B37 7YN 2 A460 J22 Cannoc A38 J11 J12 A5 Lichfield To Nottingham A5 T7 A449 J11A M6 T8 T6 J11 A51 T5 A34 J2 J1 T4 A5 Tamworth J10A To Birmingham A446 City Centre M6 Toll M6 A461 A452 FOR ILLUSTRATIVE PURPOSES ONLY LOCATION A453 J10 A444 M42 The park is located 8 miles east of Birmingham City Centre, 1 mile north of the National Exhibition Centre and 2 miles to the north east of Birmingham J10 A454 Walsall A5 M6 Toll International Airport and train station. The M42 motorway runs adjacent to the T3 M42 M69 park and there is easy access to both Junctions 6 & 7 of the M42 plus Junction A4123 J9 J8 A4041 4 of the M6. J8 J7 T2 Hinckley A38 J9 J2 The NEC, Birmingham International Airport and Birmingham International Railway J8 T1 Station are all within 10 minutes’ drive of the park. Birmingham International A452 West Nuneaton Dudley A34 BIRMINGHAM J1 Railway Station is approximately 1 mile to the west of the park and provides Bromwich J1 J6 J8 regular services to Coventry, Manchester and Glasgow as well as a direct service J5 J4A BUSINESS PARK A5 M6 A4036 J2 to London Euston with over 4 trains per hour and a fastest rail journey time of 80 Oldbury J7A A444 minutes. Birmingham J4 J3A A456 A45 M6 Birmingham International Airport lies adjacent to the railway station and has been J7 J3 A458 To M1 voted the best UK business airport four times in the last six years. It currently J3 J6 operates direct scheduled flights to over 40 destinations in Europe, North America A456 J2 A41 A45 M6 and Asia. The extension of the runway at Birmingham International Airport, which A38 M42 A4600 completed in early 2014, now connects Birmingham directly to numerous global M5 A34 A4114 transport hubs including the west coast of the USA and to China. A491 Solihull J5 A46 A435 Coventry A441 M42 NEC J4 J4 A452 Rugby BIRMINGHAM & M42 CORRIDOR J2 J4A J1 J3 A4127 A45 Birmingham Proposed H2 Station Birmingham is the UK’s second largest city, the commercial centre for the West J3A A46 To Birmingham International To Coventry Midlands and the UK’s largest regional centre by both economy and population. J1 City Centre & Airport J16 A45 Rail Station The wider West Midland’s conurbation has an estimated population of 2.4 million A448 Redditch and Birmingham has the largest financial and services sector outside London. M40 Royal To M40 The M42 corridor is undergoing a resurgence of interest from occupiers and Leamington Spa & Solihull has seen office takeup increase to above pre-recessionary levels. It is home to a J5 A435 Warwick significant number of corporate occupiers including Arup, Kier, Oracle, Siemens, A452 Fujitsu, Rolls Royce and Jaguar Land Rover, additionally it has seen a number of J15 standout transactions in the last 12 to 18 months, including significant lettings to A441 J14 Changan Automotive of China, Interserve and National Grid. To Worcester J13 The location offers unrivalled connectivity with 75% of the UK’s main commercial centres within 2 hours drivetime. Birmingham International train station, airport A423 and a proposed HS2 interchange are all within 2 miles of Birmingham Business A46 A422 Park. J12 Stratford-Upon-Avon To Banbury A46 A429 A44 M40 J11 Banbury A422 UNITS 3100, 3120, 3140, 3160 AND 3180, PARK SQUARE, BIRMINGHAM BUSINESS PARK B37 7YN 3 FOR ILLUSTRATIVE PURPOSES ONLY A460 J22 BIRMINGHAM BUSINESS PARK Cannoc A38 J11 J12 A5 Lichfield The Park is located 8 miles east of Birmingham City Centre, 1 mile north of the To Nottingham A5 National Exhibition Centre and 2 miles to the north east of Birmingham International T7 A449 J11A Airport and train station. The M42 motorway runs adjacent to the park and there is M6 T8 T6 J11 easy access to both Junctions 6 & 7 of the M42 plus Junction 4 of the M6. A51 T5 A34 J2 J1 T4 A5 Tamworth The first phases of the park were originally developed in the late 1980s and now To Birmingham J10A extend to over 148 acres of previously greenfield land. It offers a high quality, A446 City Centre M6 Toll mixed-use environment which is home to over 100 occupiers employing over M6 A461 A452 5,000 people. Rolls-Royce and Changan Automotive have recently moved to the A453 J10 A444 busines park. The largest occupier is Rolls Royce’s subsidiary, Controls and Data M42 Services, which has recently constructed a new R&D and manufacturing facility. Other key occupiers include Beiersdorf, Fujitsu, IMI Kynoch and West Midlands J10 A454 Walsall A5 Police. M6 Toll T3 M42 M69 A4123 J9 J8 A4041 J8 J7 T2 Hinckley A38 J9 J2 J8 T1 PARK COMMUNICATIONS A452 West Nuneaton Dudley A34 J1 Bromwich J1 J6 J8 • Motorway access from Junction 4 of the J5 J4A A5 M6 and Junctions 6 and 7 of the M42 BIRMINGHAM M6 A4036 J2 Oldbury J7A A444 • 119 miles north west of London BUSINESS PARK • 97 miles north east of Bristol Birmingham J4 J3A A456 • 94 miles south of Manchester A45 M6 J7 J3 A458 3 bus services serving the campus which To M1 J3 provide a regular service to Birmingham city A456 J6 A41 J2 centre as well as the airport and train station. A45 M6 A38 M42 A4600 Birmingham International train station is located M5 A34 A4114 approximately 2 miles south of the park. The A491 Solihull J5 A46 fastest train service to London Euston is 73 A435 Coventry A441 minutes. M42 J4 J4 The proposed HS2 station will be located NEC A452 Rugby approximately 1 mile from Birmingham J2 Business Park. J4A J1 J3 A4127 A45 Birmingham Proposed H2 Station J3A A46 Birmingham International Airport is located To Birmingham International To Coventry J1 directly south west of the park and provides City Centre A45 Rail Station & Airport A448 J16 direct flights to over 140 destinations and Redditch currently handles in excess of 9 million M40 passengers per annum. Royal To M40 Leamington Spa & Solihull J5 A435 Warwick A452 J15 A441 J14 To Worcester J13 UNITS 3100, 3120, 3140, 3160 AND 3180, PARK SQUARE, BIRMINGHAM BUSINESS PARK B37 7YN 4 A423 A46 A422 J12 Stratford-Upon-Avon To Banbury A46 A429 A44 M40 J11 Banbury A422 FOR ILLUSTRATIVE PURPOSES ONLY Birmingham International Airport Birmingham City Centre z 8 miles, 15 minutes drive-time Changan Automotive Park Square Rolls Royce UK R&D Centre Controls and Data Services Severn Trent EE West Midlands Police BT Pinewood IMI Kynoch Technologies UKDN Ryder UK Beiersdorf Miller Group APP Food Vinci Energies Wesleyan Assurance Bookbanks Consulting John Sisk Babcock A452 Hamilton Robotics Galliford try Fujitsu Services Capita A452 c M40 London, M5 and the South West M42 M6, M6 Toll and the North West v UNITS 3100, 3120, 3140, 3160 AND 3180, PARK SQUARE, BIRMINGHAM BUSINESS PARK B37 7YN 5 DESCRIPTION FOR ILLUSTRATIVE PUROPSES ONLY Park Square comprises a courtyard of five self-contained office buildings totalling 66,304 sq ft of accommodation which offer the flexibility to be let as a whole or on a floor-by-floor basis such that they can serve a wide range of occupier requirements.
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