TO LET

Retail Opportunity No.1 Eastside Locks Birmingham B4 7SA

June 2015

• Self-Contained Retail Unit

• Located within a Large Student Housing Development

• Prominent Roadside Frontage

• Car Parking Provision

Instructions on behalf of:

Avison Young is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT

Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.

Description

No.1 Eastside Locks forms part of the site known as Eastside Locks, itself part of the wider Eastside Regeneration area in the heart of Birmingham City Centre. Contributing to Birmingham’s growing, leading academic centre, No.1 Eastside Locks is a modern, high quality 659 bed student accommodation scheme.

This self-contained retail unit is situated on the ground floor of Eastside Lock’s student housing development between the Digbeth Branch Canal and the junction of Lawley Middleway and Curzon Street, close to the newly completed City Park and the site of Birmingham City University’s new ‘City Centre Campus’ which will accommodate a combined staff and student population rising to in excess of 20,000 people.

Accommodation

The subject unit extends to 401.40 sq m (4,323 sq ft) by way of net internal area and benefits from 12 car parking spaces to the front of the premises.

There is an additional storage and refuse demise for the sole use of the subject unit which extends to 34.20 sq m (368 sq ft).

Energy Performance Certificate Energy Performance Rating – To be assessed

The premises will be offered by way of a new full repairing and insuring lease for a term of 10 years subject to five yearly upward only rent reviews at a quoting rent of £65,000 per annum exclusive of business rates, service charge and VAT.

Service Charge

The current service charge budget is £2.30 psf.

Business Rates

This demise is yet to be assessed for rating purposes. We therefore recommend that interested parties make their own enquiries via the Valuation Office Agency on 03000 501 501.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

VAT

VAT, if applicable, will be charged at the standard rate.

For further information or an appointment to view please contact:

Gary Bucknall T: 0121 609 8027 E: gary.bucknall@avisonyoung.com

Lease

Avison Young is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT

Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.

Retail, Storage/Refuse Demise & Car Parking

No.1 Eastside Locks

Eastside Locks

Avison Young is the trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT

Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.