Established as the United Kingdom’s second city, Birmingham is located 191 km (119 miles) north west of London, 31 km (19 miles) west of Coventry, 82 km (51 miles) south east of Nottingham and 140 km (87 miles) south of Manchester.

2016 was a record year for Birmingham’s visitor economy. Visitor numbers increased by 2.5% to 39 million and it is estimated that visitor spend in the city rose to £6.5 billion, supporting around 70,000 jobs.

During 2016 employment in Birmingham increased by 12,900 on the previous year, to stand at 517,000, an employment growth rate of 2.9% for the year. This is a faster rate than nationally (1.6%) and London (1.4%) and above the average growth for the core cities (2.3%). Since 2010 Birmingham has seen overall employment grow by 49,000 an increase of 10.5%. (Source: Birmingham City Council)

Birmingham has been ranked the top UK regional city for quality of life (Mercer Living Index) and the number one regional city for Startups in the UK. The growth of Birmingham University and UK Central development will ensure Birmingham continues to flourish, cementing itself as the UK’s second city. UK Central & HS2 are set to generate 100,000 new jobs and more than £18 billion per annum by 2040 (Source: Visit Birmingham / Birmingham Business Park).

Connectivity

Situated at the heart of the United Kingdom’s motorway and rail network, half the UK’s population lies within two hours and 90% within a four-hour travel time of the region (Source: Business Birmingham).

Road

The city benefits from excellent road communications given its position at the heart of the country and is served well by the national motorway network. The M5 Motorway is 13.5 km (8.5 miles) to the east, the M6 Motorway is 3.2 km (2 miles) to the north and the M42 Motorway is 9 km (5.5 miles) to the west. These motorways service the city from all directions, connecting to all major UK cities.

Rail

There are 4 mainline train stations in Birmingham; New Street, Snow Hill, Moor Street and Birmingham International all of which provide frequent services to all parts of the United Kingdom.

Birmingham International station serves the airport and the National Exhibition Centre, plus over 100 towns and cities. Rail times from the station are:

Birmingham New Street 10 mins
London Euston 1 hr 10 mins
Manchester Piccadilly 1 hr 45 mins
Bristol Temple Meads 2 hr 00 mins
Leeds 3 hr 00 mins

High Speed 2 (HS2)

HS2 is the UK’s new high speed rail network which will increase capacity on Britain’s railways, slashing journey times. The first phase of the £55 billion project is due to open in 2026 and will see trains travel at high speed between London and a new Birmingham Interchange station next to Birmingham Airport and the NEC, with a journey time of less than 45 minutes. Phase 2 takes the high speed line to the north-east and north-west of England with the line estimated to be finished by 2032/2033. Once complete, the number of passengers between London, Birmingham, Manchester and Leeds per hour could treble to 15,000. Research predicts that with a fully operational HS2, the West Midlands could see 50,000 additional jobs (26,000 of which would be in Birmingham/Solihull) and a £4 billion increase in economic output per year.

Air

Birmingham International Airport is 16 km (10 miles) to the south east of the city centre, accessed from Junction 6 of the M42 Motorway. The Airport handled over 10 million passengers between August 2014 and August 2015, making it the third largest regional airport in the UK and the second largest regional airport in England. Passenger numbers have grown by around 13% over the last five years and the airport is one of the most important economic drivers in the West Midlands region.

The property forms part of Knights Court which is located directly off Solihull Parkway, the central access road through the business park. The property comprises a detached, purpose built office completed in 2007 arranged over ground and first floor. The property is of a steel frame construction under a pitched roof with brick elevation and has excellent levels of natural light.

The property is laid out to provide a feature entrance/reception area at ground floor with predominantly open plan office accommodation at both ground and first floors.

The internal specification includes comfort cooling/heating, raised access floors, kitchenette, suspended ceilings and recessed lighting.

Externally there are 64 on-site designated car parking spaces (1 disabled) providing an overall ratio of 1:19 sq m (1:202 sq ft).

Freehold.

Galliford Try Building Limited (Co. No. 02472080) has reported the following figures:

The Company’s principal activity is to provide a comprehensive range of construction services to public and private sector clients across the United Kingdom.

Operating from regional centres in Scotland, the North East, North West, Central and Southern England, the businesses carry out building projects ranging from under £1 million to over £100 million with specific expertise in the areas of education, health, commercial, prisons, leisure, affordable housing and facilities management.

During the year, the Company won a place on the Ministry of Defence’s South West and South East Next Generation Estates Contracts regional frameworks, which are worth up to £1 billion in total over four years. The Company was also appointed to the YORbuild2 framework, which covers 91 local authorities in the North of England and has a potential pipeline of approximately £1.9 billion over four years. In the commercial building sector, the Company won a £66 million contract to construct the 2 Arena Central building in Birmingham, which will include 210,000 sq ft of office space. The Company was also awarded a £40 million contract to construct 185,000 sq ft of office space in the Forbury Place development in Reading. Other notable wins in the education sector included a contract with Birmingham City University to build the £46 million Conservatoire.

The ultimate parent company and controlling party is Galliford Try PLC, a FTSE 250 business and one of the United Kingdom’s leading housebuilding, regeneration and construction groups, operating through three businesses: Linden Homes, Galliford Try Partnerships and Construction & Investments. The Group employs around 5,500 people, meeting the demand for new homes in the private and affordable homes sector, regenerating neighbourhoods and working to improve the UK’s built environment.

For the year ended 30th June 2017 the Group reported a Revenue of £2,662.1 million, Pre-exceptional profits before tax of £147.6 million and Net Assets of £575.5 million.

For further information, please visit www.gallifordtry.co.uk.

1. An opportunity to acquire a high quality office investment;

2. Birmingham is the UK’s second largest city and the commercial centre for the West Midlands;

3. The property benefits from exceptional transport links and is strategically located on Birmingham Business Park, the premier out-of-town office park in the West Midlands;

4. The investment provides secure income being let to Galliford Try Building Limited, one of the UK’s leading construction companies with Net Assets of £52 million;

5. The tenant has recently demonstrated their commitment to this property by entering into a new reversionary lease from November 2017;

6. A purchase at the asking price reflects an attractive net initial yield.