Boots, 87/87A High Street, Harborne, Birmingham B17 9NR
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High yielding retail investment located in Harborne, a popular and affluent suburb of Birmingham.
Prime High Street pitch with large pedestrianised area to front of unit and wider retail parade.
Main public car park directly to the rear of the unit.
6,384 sq ft retail unit on ground and 1st floor.
Let to Boots UK Ltd on a lease expiring February 2026. Tenant has been in occupation for over 38 years.
Rent of £70,000 per annum.
Part shareholder in long leasehold interest of wider retail parade and income producing rear public car park
Subject unit held on a sub long leasehold interest
We are instructed to seek offers in excess of £665,000 (Six Hundred & Sixty Five Thousand Pounds) subject to contract and exclusive of VAT.
• Boots Income – £70,000 per annum
• Car Park Income – £13,725 per annum (annual average since 2022)
• Less Ground Rent – £13,728 per annum
• Net Rent – £69,997 per annum
A purchase at this price would reflect a net initial yield of 10%, off the net rent receivable and assuming costs of purchase of 5.27%.
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