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Brasier Freeth

Brasier Freeth

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Unit SU322, Bullring Shopping Centre

The Bullring

Birmingham, B5 4DA

Use Class E(a)

2,028 sq ft

£245,000

Use Class

E(a)

Size

2,028 sq ft

Rent pa

£245,000

Marketed by Brasier Freeth,

Last updated 22/09/2020
Prime Retail Unit 

Key Points

  • Rare Opportunity
  • Exceptional trading location
  • Confidential - trading store, staff are unaware
This unit occupies a highly prominent position on the lower mall close to Selfridges being the main anchor and surrounded by other leading retailers including JD Sports, Next, EE, Sketchers, Thomas Sabo and Smiggle. 
Located in the heart of Birmingham city centre, The Bullring is the premier shopping centre in the City Centre and benefits from a footfall of 40 million visitors each year. 

Use Class

A1 

Tenure

Leasehold 

Viewing

Strictly by appointment.
Staff are unaware. 

Financial

Lease Type

Existing Lease 

Lease Term

Held on an existing effectively fully repairing and insuring lease by way of a service charge for a term of 10 years from 24 June 2018. There is only one rent review in June 2023. 

Incentive

Suitably attractive incentives on offer, subject to covenant.  Details upon request. 

Rent

The base rent is £245,000 per annum exclusive or 10% of turnover, whichever is the higher 

Rent Review

2023/06 - 5 years

Rates

Zero payable until 1st April 2021 due to the Government Covid-19 tax break. Prior to that the VOA website shows a Rateable Value of £163,000 and for rates payable from 1st April 2021 please refer to the Local Charging Authority, Birmingham City Council - 0121 303 1111.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction. 

Service Charge

The service charge for the year is approximately £27,790 per annum. 

Sustainability

Energy Performance Certificate

78

Energy Performance Certificate Information

Details available upon request. 

Last Updated

22/09/2020

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2021 Completely Property Technology Limited

Brasier Freeth

Brasier Freeth