132-146 High St | Birmingham B23 6RY
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- LoopNet Team
132-146 High St
Birmingham B23 6RY
Property For Lease
HIGHLIGHTS
- Prominent location, situated at the centre of Erdington’s busy High Street. At the confluence of the vehicular and pedestrianised area
- Significant footfall per week. The development benefits from a large passing traffic count in addition to a catchment of local residents
- Further development potential on existing first floor and opportunity for lightweight structure to increase developable area
- 14 commercial units, totalling approximately 33,600 sq ft with over 68% of income from national facia retailers
- Recently re-based rents and new leases to most tenants with minimal service charge shortfall providing strong Net to Gross income ratio
- Rent of £191,600 pax Total Gross Income of £191,600 pax and a predicted NOI of £184,200 (2024/25)
PROPERTY FACTS
| Property Type | Retail | Total Land Area | 2.46 AC |
| Property Subtype | Storefront | Year Built/Renovated | 1967/2004 |
| Gross Leasable Area | 27,347 SF | Parking Ratio | 4.53/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 27,347 SF |
| Total Land Area | 2.46 AC |
| Year Built/Renovated | 1967/2004 |
| Parking Ratio | 4.53/1,000 SF |
ABOUT THE PROPERTY
Erdington is a busy, densely populated suburb and forms one of the primary shopping suburbs within Birmingham, being located approximately 3 miles to the northeast of the City Centre. Central Square is situated within the prime retail pitch, with retailers trading in the immediate vicinity including Poundstretcher, Specsavers, Holland & Barratt, Max Spielmann , Card Factory and Greggs amongst others. The scheme benefits from car parking at the rear.
- Security System
- Signage
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