KWB instructed to market The Pavilions Solihull offices
Completed in 2007 and comprising 12 individual office buildings, The Pavilions Solihull office scheme has reached 75% occupancy with occupiers such as The Parts Alliance, Physio World, Wattrus Group, Abel Alarms, Touch Systems, Fourstar Employment & Skills and the Association of Plumbing & Heating Engineers.
Acting on behalf of PWC, and working alongside joint commercial property agents GVA, KWB is quoting a price for freehold offices for sale in Solihull at £195 per sq ft and offices to let in Solihull at £15.50 per sq ft. There is also a 1.83 acre commercial property development site that has consent for 20,000 sq ft of net internal offices which are available by way of a pre-letting or pre-sale.
KWB Partner and specialist in the out-of-town Solihull office market, Mark Robinson, said: “KWB is delighted to have been appointed jointly with GVA to market the final four units at The Pavilions offices in Solihull. The availability of high quality, self-contained freehold offices for sale in Solihull is incredibly rare and we hope to secure some early interest in the scheme from SIPP buyers and local commercial property investors.
“In fact, we’ve seen a substantial reduction in the number of freehold offices for sale now available as there has been no development for 5 years and, as a consequence, we are seeing values beginning to harden.
“In addition to the existing buildings at The Pavilions offices in Solihull, there is also the ability for larger office occupiers to acquire the Phase 2 site by way of a pre-letting or pre-sale agreement. Up to 20,000 sq ft of Solihull office space is available here in build-to-suit packages.”
Awarded a ‘Very Good’ BREEAM rating and benefiting from an Energy Performance Certificate of B, The Pavilions offices in Solihull provide a unique opportunity to buy high quality, self-contained offices of 2,000-4,500 sq ft with comfort cooling, fully raised access floors, LG7 lighting and designated on-site car parking. For more information, please contact Mark Robinson or view the property.
