14-28 Corporation Street, Birmingham

1. Rare opportunity to acquire a significant refurbishment or redevelopment opportunity located in the heart of Birmingham City Centre
2. Situated fronting Corporation Street, in close proximity to New Street, immediately adjacent to West Midland Metro and less than 200 metres from Birmingham New Street Station
3. Property extends to 169,849 sq ft (GIA) / 126,227 sq ft (NIA), arranged over basement and 8 upper floors
4. Virtual island site of 0.6 acres
5. Attractive stone façade, with later extension, with substantial 60 metre Corporation Street frontage
6. Existing structure arranged as 3 retail & leisure units, with former office and self-storage accommodation above with separate access
7. Majority vacant, with remaining tenant Optical Express having a lease on less than 7% of the property by floor area (2030 tenant only break / 2035 expiry)
8. Current net income of £170,000 pa, prior to deduction of void holding costs
9. Freehold & not listed
10. Opportunity to create best-in-class scheme
11. Building and location both suitable for a wide variety of uses, with a supporting planning narrative
12. Strong supporting occupier market conditions for existing use - in both the retail and office sectors
13. Significant potential to explore high value alternative uses - including residential, co-living, PBSA and hotel

Proposal

We are instructed to seek offers for the freehold interest, subject to contract and exclusive of VAT