Long Let Car Park Investment

A rare opportunity to acquire Birmingham’s premier long let car park investment, operated by Europe’s leading car park operator, forming part of the highly successful landmark mixed use scheme of The Mailbox. Forming part of the highly successful Mailbox scheme, a landmark mixed use asset, providing office, hotel, residential, leisure & cinema, retail & department store and car parking uses. 687 car parking spaces occupying 217,871 sq ft and arranged over lower ground, ground and first floor levels. Current total rent of £2,072,690 p.a., reflecting £3,017 per space. Annual RPI linked rent reviews, with a cap & collar of 2% - 4% p.a. – guaranteeing future annual rental performance.