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Marketed by
Unit 710, Upper Level Birmingham, B5 4BU
Use Class
E(a)
Size
793 sq ft
Rent pa
£185,000
Market Sector
Shopping Centre
Landlord
Canada Pension Plan Investment Board
Description
The unit occupies a highly prominent prime position on the upper level of the Bullring Shopping Centre, at the busiest entrance to the scheme. Close to a number of fashion stores including Zara, H&M, Clarks, Lego and Hollister.
Location
The Bullring is the premier shopping centre in the Midlands and benefits from an annual footfall of approximately 40 million.
Key Information
Viewing
Strictly by appointment with one of the listed agents.
Accommodation
793 Sq.Ft
Additional Contacts
Asset Managers
Financial
Lease Term
The property is available by way of a new turnover lease contracted outside the Landlord and Tenant Act for a term of 10 years on an effectively full repairing and insuring lease, incorporating 5 yearly upward only rent reviews.
Rent
Turnover rent is payable in addition to the base rent. It is a percentage to be agreed of the tenant's gross turnover, which is equal to, or exceeds, the base rent.
Rates
Interested parties are advised to make their own enquiries to the Local Authority.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Service Charge
2019/20 - £11,344
Rates
Sustainability
Upon request
This Property is Part of a Shopping Centre
The Birmingham Estate
Developed in 2003, The Birmingham Estate has transformed Birmingham’s city centre. In excess of 38 million per year, it is one of the UK’s most successful retail destinations and regeneration projects.
Disclaimer
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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