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%.
