A period building on Colmore Row that was once associated with Birmingham’s booming button manufacturing industry has been put up for sale.
MK2 Real Estate is instructed to sell 126 Colmore Row, a multi-let boutique office building, with ground-floor leisure space, on behalf of the vendor, a private property company. Offers are being sought in excess of £2.55 million, reflecting a net initial yield of 8.55 per cent.
Dating back to the early 1900s, 126 Colmore Row was designed by celebrated Birmingham architect Samuel Nathaniel Cooke, who was responsible for designing many of the city’s civic buildings, hospitals, and commercial properties, including, most notably, the original Birmingham Repertory Theatre and the Hall of Memory war memorial in Centenary Square.
Today, following a comprehensive refurbishment, 126 Colmore Row comprises circa
7,000 sq ft of high-quality office accommodation on the first to fifth floors and 2,653 sq ft of leisure space on the ground floor and basement, let to Jamaican restaurant Jamaya.
Mark Rooke, a director in MK2’s property investment team, said: “It’s not often that buildings on Colmore Row, Birmingham’s most prestigious address, come up for sale and especially not ones with such a rich history and heritage as 126 Colmore Row.
“Not only does the building offer bags of character, for savvy investors it provides significant asset management and leasing opportunities, with a number of floors still available to let.”
