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Sheldon Retail Park Sheldon Retail Park, Birmingham, B26 3DE
Use Class
E
Size
45,979 sq ft
Rent pa
POA
Price
£10,530,000
Birmingham is the second city in the UK after London and is one of the most well connected cities in the UK
There is a vast amount of investment in the city, including the £32 billion HS2 rail link, which will reduce journey times between Birmingham and London to under 50 minutes
The city is in the top 3 most visited places to shop in the UK
Sheldon is located to the east of Birmingham in close proximity to Birmingham Airport and Birmingham International Station
The retail park is located on the A45 Coventry Road, which is one of the busiest routes in Birmingham, and adjacent to a successful 80,000 sq ft modern Morrisons foodstore
The property has been developed in line with modern retailing requirements, epitomising convenience retailing incorporating M&S Foodhall, B&M and The Gym, giving a diverse range of occupiers
Let at a rent of £674,067 per annum averaging £14.66 per sq ft, a low rent for such a major city
Open A1 and D2 planning consent
The property totals 29,500 sq ft at ground floor level and 16,480 sq ft on first floor
Significantly above average WAULT to break of 11.1 years and 13 years to expiry
Our client is seeking offers in excess of £10,530,000 (Ten Million, Five Hundred and Thirty Thousand Pounds), subject to contract. A purchase at this level would reflect an attractive net initial yield of 6.00% after deducting purchaser’s costs of 6.70%
Accommodation
45,979 Sq.Ft
About Birmingham
We have a wide range of retail property and shops to let in Birmingham, as well as a selection of shopping centres, retail parks and leisure schemes to increase the visibility of your brand.
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.
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This was last updated on 14/12/2021