Commercial property for sale in Birmingham

StrapLineAuction Sale - 13/05/2025 High Yielding Retail Investment Opportunity Let to Poundstretcher on a New Five Year Lease Let to Poundstretcher on a Recently Renewed Five Year Lease Expiring 08.09.2029 Investment Let at £80,000 per annum Description The property comprises a high yielding retail investment let to Poundstretcher on a popular high footfall street. Arranged across ground and first floors, the property is fully let to Poundstretcher Limited on a recently renewed five year lease expiring 08.09.2029 and paying £77,500 per annum. The lease includes a fixed rental uplift to £80,000 in August 2027 and the Vendor will "top up" the rent to this level from completion. The property occupies a high footfall pitch on Erdington High Street, immediately opposite the Central Square Shopping Centre. The surrounding area benefits from low levels of vacancy and is characterised by a number of national retailers including Holland & Barrett, Specsavers, Heron Foods and B&M. Tenancy The property is let to Poundstretcher Limited on a recently renewed five year lease expiring 08.09.2029 and paying £77,500 per annum. The lease includes a fixed rental uplift to £80,000 in August 2027 and the Vendor will "top up" the rent to this level from completion. The lease is on full repairing and insuring terms and includes a tenants break option in August 2027. The lease is a renewal of a previous lease from 2021 and is contracted outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act. Poundstretcher Limited D&B Rating - 5A4 Turnover (2024) - £211.6m Accommodation Ground Floor - 16,700 sq ft (1,551.43 sq m) First Floor - 15,000 sq ft (1,393.5 sq m) Please note areas are approximate.

Commercial property for sale in Birmingham, England

Commercial property for sale

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