214 Hagley Road, Edgbaston, Birmingham

KWB has advised in connection with office premises at 214 Hagley Road. The property includes an elegant listed main building with self-contained studio, together with 4 mews offices which date from the late 1980s.

The building comprises 1,016.5 sq m (10,942 sq ft) and produces £161,900 per annum from 4 principal tenants. 75% of this income has 11 years unexpired. Site coverage is only 18% and there are 38 car spaces.

Earlplace's Chairman, Lawrence Grove states, "not only are these attractive and well located buildings in a very desirable setting, but the property is freehold in an area dominated by the Calthorpe Estate. This affords us several opportunities, not least refurbishment and then selling off the individual buildings to owner-occupiers who want great car parking. This is underpinned by the running yield of 8%".