commercial property - Other for sale in B2 4NN, for £32,000,000 by Knight Frank - Proptyle

commercial property - Other for sale in B2 4NN, for £32,000,000 by Knight Frank

100,000 sqft Mixed Use for sale in Exchange Buildings, New Street & Stephenson Place, Birmingham, B2, £32,000,000

A little more about the property A centrally located, mixed-use hotel and retail investment opportunity. Strategically positioned at the entrance to Grand Central train station and at the junction of New Street, Corporation Street and Stephenson Place, making it one of the highest footfall locations in Birmingham. The property is multi-let to five tenants including HSBC and Premier Inn, with a WAULT of 8.62 years to expiry and 7.14 years to earliest break. We are instructed to seek offers in excess £32,000,000 (Thirty Two Million Pounds), reflecting a Net Initial Yield of 6.12%. Property type Mixed Use Floor area 100,000 sqft Tenure Freehold Property features Net Initial Yield 6.12% Investment