37a Waterloo Street

Birmingham, B2 5TJ
Current Sale
37a Waterloo Street
Birmingham, B2 5TJ
  • Prime leisure and office building located in Birmingham’s Core CBD.
  • Prominently positioned at the corner of Waterloo Street and Bennet’s Hill in the heart of the booming leisure and office pitch.
  • Attractive freehold listed building over basement, ground and three upper floors and extending to approximately 11,078 sq ft.
  • 66% of the income is secured against DC Bars Limited T/A Dirty Martini with a 10 years term certain with an imminent rent review and excellent reversionary potential.
  • Overall passing rent of £226,400 per annum equating to an low average rent of £20.44 per sq ft
  • Offers in excess of £3,500,000 (Three Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 6.07% and an anticpated reversionary yield of 7.40% assuming purchasers’ costs of 6.50%.

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