Unit B111 The Arcadian, Sobar, Hurst Street, Birmingham, West Midlands, B5 4TD
Size
4,350 - 6,750
Lease length
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EPC
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Parking
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- Price per
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- Primary use
- Restaurant
- Other use(s)
- Shopping centre, High street retail
Key features
- **PRIME CHINA TOWN**
- **Restaurant Opportunity**
- **New Lease Available**
- **MAY SPLIT (Ground + First Floors Available Separately**
- Subject to Contract & Vacant Possession
Description
**Restaurant Opportunity**
**New Lease Available**
**MAY SPLIT (Ground + First Floors Available Separately**
Location
Birmingham is the UK's second largest City, with a shopping catchment of 7.2 million people. The city is currently experiencing a new era of capital investment due to the increasing demand for residential, offices and retail on behalf of occupiers. The City of 1000 trades has now cemented itself as one of the UK's dominant retailing and leisure destinations. The Arcadian located adjacent to China Town is one of Birmingham's premier leisure schemes, with hotel, bar, and food operators trading together in an attractive and vibrant part of the city.
Description
The property occupies a prime location in the Arcadian Leisure development in Birmingham City Centre. Nearby operators include The Hippodrome Theatre, Ibis Hotel, Las Iguanas, as well as an array of quality independent bars and restaurants. The scheme benefits from a dedicated car parking of over 520 spaces. The subject property comprises a former bar arranged over ground and first floor with an outdoor terrace.
Accommodation Text
Arranged over the approximate floor areas:
Ground Floor + Terrace: 4,350 sq ft (404.13 sq m)
First Floor + Terrace: 2,400 sq ft (223 sq m)
Tenure Comments
The premises are to be made available by way of a new full repairing and insuring lease for a term of years to be agreed.
EPC
EPC can be made available upon request.
Service Charge Information
There is an annual variable service charge of £23,103 + VAT.
Insurance
There is an annual insurance contribution of £3,228.22 + VAT.
VAT
VAT is applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Security
It is likely that the Landlord will require a security deposit and/or personal guarantee by way of security from the successful applicant. Â
Viewings
Strictly by appointment with the Sole Retained Agents.
- Let type
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- Let contract length
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- Status
- Available
- Service charge
- £52,851
- Business rates
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- Use class
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Unit B111 The Arcadian, Sobar, Hurst Street, Birmingham, West Midlands, B5 4TD
About Creative Retail, Birmingham
Commercial Retail Property Consultants
Creative Retail are a Birmingham-based retail and leisure property practice.
We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.
Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.
Commercial Property Agency
We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.
Our agency services include:
. Lettings
. Acquisitions & Disposals
. Development & Site Finding
. Investment strategy
. Asset Management
Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.
We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.
Commercial Property Investments
Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.
When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:
. Occupiers changing requirements and business models
. Tenants trading strength
. Existing competition and proposed new occupiers and schemes in the locality
. Inward investment into specific areas from regional funding, private equity and government initiative.
We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.
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