Lease Available by way of Assignment or Sublease | 1813 sq.ft
The subject property is located centrally on New Street at the heart of Birmingham City Centre, adjacent to O2 and Carphone Warehouse and in close proximity to Primark (to be replaced by Sports Direct in early 2019), H&M, Clarks, HSBC and Apple.
The property is located in a prime retailing location 50m east of the intersection with Corporation Street/Stephenson Place, which leads directly into the John Lewis anchored Grand Central and New Street Railway Station; and 150m west of the intersection with High Street and the entrance to the Selfridges anchored Bull Ring. 2019 will see the opening of Metro Bank and JD on the corner of New Street and High Street close to the new c.160,000 sq ft Primark on High Street.
The property is arranged over ground and first floor levels with the following approximate areas:
|Ground Floor||97.7 sq.m||(950 sq.ft)|
|First Floor||70.6 sq.m||(761 sq.ft)|
Available from December 2018 by way of an assignment of a 10 year effectively FRI lease expiring 26th October 2021 at a passing rent of £150,000 per annum exclusive of business rates, service charge and VAT. Alternatively a sub-lease will be considered.
£150,000 per annum exclusive.
From verbal enquiries, we understand the premises are assessed for rates as follows:-
|Rateable Value (2017)||£88,000|
Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk.
All figures quoted are subject to VAT where applicable.
The ingoing party is to be responsible for their own legal costs incurred in the transaction.
The premises has an EPC rating D. A full copy of the EPC is available on request.
Viewings should be made strictly by prior appointment through Nick McAllester of this office or alternatively contact our joint agents GVA (Tel: 0207 911 2268).