Tangent Court, Highlands Road, Solihull, B90 4DP
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£2,750,000
Oct 2014
Acquisition of an office investment on Highlands Road, Solihull.
The property is located on the edge of Solihull town centre in an established commercial location close to Blythe Valley, Fore and Solihull Business Parks.
The 2000 built, detached office building was purchased off market.
Acting on behalf of AEW, the investment was bought for £2,750,000.
The property comprises a detached 23,621 sqft two storey office with 101 car spaces and let to Paragon Finance plc on a 16 year term from March 2000.
The purchase reflected an initial yield of 13.89% and an underlying capital value of £116 per sqft. Savills represented the vendor.
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