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Prime Freehold Regional City Retail Investment With Upper Floor Development Potential

  • Birmingham is the economic and cultural centre for the West Midlands and is firmly established as the UK’s second city.
  • Birmingham has the 3rd highest UK retail spend annually at c.£6.179bn.
  • Significant development taking place in the surrounding area, including the proposed HS2 rail line and Martineau Galleries.
  • Prime position on High Street adjacent to the world’s largest Primark and close to the entrance to the Bullring Shopping Centre.
  • Let to the national undoubted covenants of Randox Health and Greggs.
  • Future potential asset management opportunities by converting the upper floors into residential or office use (subject to the relevant planning permissions).
  • WAULT of 3.24 years.
  • Total current passing rent of £310,000 per annum.
  • Freehold.

We are requesting offers for the freehold interest in excess of £3,600,000 (Three Million Six Hundred Thousand Pounds) subject to contract and exclusive of VAT, which reflects a net initial yield of 8.10%, net of standard purchaser’s costs.

Tenure:

Freehold

Yield:

8.1% %

Price:

£3,600,000

Contact:

Philip Hay
07770 580 590
phay@jacksoncriss.co.uk

Rhodri Jones
07570 684 444
rjones@jacksoncriss.co.uk

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