Shop to let on Corporation Street Birmingham

Shop to let - 118 Corporation Street, Birmingham, UK

Facilities
  • 24 hr Access
  • Retail Use
  • Self contained premises
Description

Shop to let on Corporation Street Birmingham.

On the instructions of Hammerson
TO LET
118 CORPORATION STREET, PRIORY SQUARE SHOPPING CENTRE. Corporation street is one of the main retail destinations in Birmingham.
Subject to Vacant Possession
Service Charge
The current service charge for the unit is £12,193 (2019/2020) per annum, subject to variation.

LOCATION
Corporation Street is one of the main trading areas within the Birmingham City Centre and forms part of The Square Shopping Centre. The subject premises are adjacent to the renowned Oasis Market Store. Other occupiers of note nearby include Baguettes 4 Less and Savers.

Accommodation
The property comprises a retail premises on ground floor and mezzanine floors with the following approximate areas:-

Ground Floor Sales - 117.2 sq m (1,261 sq ft)
Basement - 102.0 sq m (1,098 sq ft)

Tenure
The premises are available by way of a new lease with a rolling Landlord redevelopment break clause from Jan 2022.

Rental
£30,000 per annum exclusive of service charge, business rates, building insurance and VAT.

Rating Assessment
Rateable Value - £21,750
Rate in £ (2019/2020) - 49.1p
This information is for guidance purposes only. Interested parties are advised to make their own enquiries with the relevant charging authority to confirm rates payable and whether any transitional relief applies.

Energy Performance Rating
A full EPC available upon request.

Legal Costs
Each Party are to be responsible for their own legal costs incurred within the proposed transaction.
Location
Birmingham is the UK’s second city with a shopping catchment of approximately 7.2 million people within a 1 hour drive. The main retailing area in the city centre evolves around the Bullring Shopping Centre together with High Street and New Street. Corporation street combines with Dale End around the Square Shopping Centre to add to this retail core in Birmingham.

Area
1261 sq ft
Security Shutters
No
Use
A1 (Retail)
Location
City/Town Centre
Minimum Availability
12 Months
Price per annum
£30000
Location
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