Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

The property is a purpose-built, brick, solus retail warehouse, constructed in 1986. The unit extends to 43,386 sq ft, on a 2.9-acre plot with 189 parking spaces (ratio of 1:230 sq ft). The unit is let to Homebase (HHGL Limited), who have been in occupation since 1992. Homebase lease the space in its entirety and have recently undertaken refurbishments to the store to include new showrooms and home furnishing offerings.


Customer access is derived from Jockey Road (B4149). There is a service yard to the east of the property, accessed through the customer car park.


The property has a clear internal height of 6.54m, an internal eave height of 5.59m and a height to underside of roof of 8.2m.

Investment Highlights

·        Sutton Coldfield is a growing, commuter town in the West Midlands, 8 miles north-east of Birmingham.

·        Large catchment population of 848,584 people within 20 minutes’ drive time from the property.

·        Prominently situated, fronting onto the A452 and B4149, both main arterial roads through Sutton Coldfield.

·        Purpose built retail warehouse, opposite a Tesco Extra, adjacent to an Aldi supermarket and in proximity of Princess Alice Retail Park.

·        Gross Internal Area of 43,386 sq ft with 189 car parking spaces (ratio of 1:230 sq ft).

·        Fully Let to HHGL Ltd (Homebase) with an unexpired term of 5.80 years.

·        The lease contains a landlord development break option in March 2022.

·        2.9 acre site with strong alternative use potential for care home, residential or industrial uses.

·        Total passing rent of £575,250 per annum reflecting £13.26 per sq ft.

·        The property has planning permission for a DIY retail warehouse with garden centre and associated parking.

·        Freehold.

Last Updated Date: 28 Jul 2021
Ben Gamble
Ben Gamble
Director - National Investment
Frankie Maddox
Frankie Maddox
Associate Director- Retail Investment

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Last Updated Date: 28 Jul 2021

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