Tuesday, July 16, 2024

Time Running out to Purchase Small Offices in St Paul’s Square

Small businesses looking to purchase their own self-contained offices are encouraged to consider the rare opportunity provided by 50-54 St Paul’s Square – immediately – now that only two units remain available.

KWB has secured another substantial batch of occupiers at the property, and several investment purchases – reinforcing the appeal of the property and the proposition.

50-54 St Paul’s Square attracts a diverse range of professional occupiers. In this latest flurry, unit 12 was purchased by Fresh PR, units 17, 25 and 26 were bought by Central Finance Holdings and Studio 2 was bought by MGR Appraisals.

A further four of the office units were purchased as ‘buy-to-let’ investments.

Of their new offices, Amanda Kinbrum, managing director of Fresh PR, said: “The lease on our office was due for renewal and, out of curiosity, I looked online at offices to buy in Birmingham.

50-54 came up straight away and I absolutely fell in love with the idea of purchasing our own office. We went to look around and were not disappointed, so began to enquire about mortgages.

We were amazed to find that it would only cost £100 a month more than our current rent, which was set to rise anyway.

As a small business owner, it’s a great feeling to own our office. With all the development projects in Birmingham, property prices can only go up, so we feel that we have made a brilliant investment.

Now that we’re based in our new offices, it’s wonderful – the lovely courtyard setting, high beamed ceilings and big windows.

The staff are really happy to be here. St Paul’s Square is one of the best professional areas in Birmingham – it’s close to the train station, it feels safe, it’s close to the city centre and we have all amenities at our fingertips.”

The new occupiers are joining a list that already includes multimedia company Koala TV, Margetts Fund Management, H&S Solicitors and James Andrews Recruitment Solutions.

The success of the scheme – which, at this rate of take-up, is expected to be fully sold within the next few months – has led KWB to call on smaller businesses to act now.

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