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Retail Units & Shops

West Midlands

Birmingham

property

Unit 51, The Pallasades Shopping Centre - Picture 1

Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit 51 The Pallasades, Birmingham, B2 4XJ

Use Class

Size

6,770 sq ft

Rent pa

£382,000

Market Sector

Shopping Centre

Description

The subject premises occupy a prime location at the busy entrance of The Pallasades Shopping Centre with a return frontage overlooking Stevensons Place. The premises are opposite to Woolworths, HMV and Footlocker and other retailers of note in the vicinity are Game, Holland and Barrett, The Carphone Warehouse, and Vision Express.

Key Information

Viewing

Strictly by appointment via Briant Champion Long.

Accommodation

6,770 Sq.Ft

Dimensions

Feet

Metres

Net Frontage

35.49

10.82

Return Frontage

92.48

28.19

Areas

Sq.Ft

Sq.M

Ground Sales

3,590

333.51

First Floor Sales

3,179.78

295.42

Downloads

Brochure

Unit 51, The Pallasades Shopping Centre - Brochure 1

Financial

Lease Type

Existing Lease

Rent

Subject to contract, rental offers are invited in the region of £382000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

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

Incentive

Substantial incentives are available subject to covenant strength.

Tenure

Leasehold - The property is held by way of an effectively full repairing and insuring lease of 20 years from the 25th December 1994 with 5 yearly upward only rent reviews. The next rent review is on the 25th December 2009.

Rates

Rateable Year:

2010

Rateable Value:

£170,000.00

Rates payable:

£70,380.00

UBR:

41.4p/£

This Property is Part of a Shopping Centre

The Pallasades Shopping Centre

1960s Shopping Centre of 90 units above New Street Station. Major names include Argos, HMV, JJB and Peacocks.

Wright Silverwood

Disclamier

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.