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Mixed-use Trophy Asset in the Heart of Birmingham

Birmingham, United KingdomUnlock address

88%

£25.650.000

Mixed use

#34304

Core+

17 Apr 2024

Property Details

Broker

For sale

27,072 sq.ft.

2,515 m²

Leasable area

947 £/sq.ft.

10,198 £/m²

8.00 %

5

Leasehold

191

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

The property comprises four highly prominent retail units extending to 27,072 sq ft, a landmark 140 bedroom hotel, rooftop telecoms and 37 basement car parking spaces. A centrally located, mixed-use hotel and retail investment. Five tenants with 97% of income secured to ‘5A1’ and ‘5A2’ covenants including HSBC, Premier Inn, McDonald’s and Greggs. WAULT of 11.08 years to expiry and 8.29 years break.