ADDRESS125-131 High Street, Erdington, Birmingham, B23 6SA
TYPEOther, Mixed Use, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th April 2025
Description
The property comprises a high yielding retail investment let to Poundstretcher on a popular high footfall street.
Arranged across ground and first floors, the property is fully let to Poundstretcher Limited on a recently renewed five year lease expiring 08.09.2029 and paying £77,500 per annum. The lease includes a fixed rental uplift to £80,000 in August 2027 and the Vendor will "top up" the rent to this level from completion.
The property occupies a high footfall pitch on Erdington High Street, immediately opposite the Central Square Shopping Centre. The surrounding area benefits from low levels of vacancy and is characterised by a number of national retailers including Holland & Barrett, Specsavers, Heron Foods and B&M.
Location
Location:
125-131 High Street, Erdington, Birmingham, B23 6SAGBBirminghamB23 6SA125, High Street
