KWB is delighted to have secured the £1.425 million sale of prime commercial property in Birmingham at Portman House.
The 6,200 sq ft Portman House at 5-7 Temple Row West has been sold to private investment company Swali Investments & Holdings Ltd, represented by commercial property agents, Bond Wolfe.
Portman House comprises a three-storey property overlooking St Philip’s Square in Birmingham’s business district. Middle Eastern café, Damascena, operates in the retail space on the ground floor, and The Trustees of Baron Davenport charity is based on the second floor, bringing in rents of £59,000 per year. They will both remain at the building.
The two vacant floors are being marketed by Bond Wolfe to find new tenants.
Paul Warder, senior surveyor at KWB, secured this high-profile Birmingham commercial property sale on behalf of the building’s previous owner. KWB will continue as the building’s property managers.
Paul said: “When our client wanted to dispose of Portman House, we were delighted to be able to introduce Bond Wolfe and Swali, and broker the sale of the building within weeks.
“This is a fabulous, high-profile property in a second-to-none location, and I look forward to seeing it further flourish under Swali’s ownership.
“As the retained property managers, we will provide asset management advice and guidance on refurbishment potential to facilitate the letting of the remaining space.”
KWB’s Commercial Property Management team manages the day-to-day running of properties while adding value for many tenants, landlords and property companies across the Midlands. Their extensive property management services include asset management, rent and service charge collection, health and safety, business rates advice, valuations and negotiating rent reviews and lease renewals.
As Birmingham’s leading independent commercial property consultancy, KWB’s multi-disciplinary team incorporates the full breadth of services to support and advise property owners and occupiers. In addition to commercial property management, this ranges from office agency, design, fit out and relocation to industrial agency, residential management, building surveying, office cleaning services and facilities management.
For more details on KWB’s commercial property management or wider property services, contact Paul Warder on firstname.lastname@example.org or call 0121 233 2330.