£25.650.000
Confirmation
Mixed-use Trophy Asset in the Heart of Birmingham
Birmingham, United Kingdom
88%
Mixed use
#34304
Core+
2 Nov 2024
Property Details
Broker
Sold
27,072 sq.ft.
2,515 m²Leasable area
947 £/sq.ft.
10,198 £/m²8.00 %
5
Leasehold
191
X
Fees
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.
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