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Sheldon Retail Park

Sheldon Retail Park, Birmingham, B26 3DE 45,979 sq ft

Description

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%

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