Sabai Sabai, Harborne Central, 268 High Street, Harborne, B17 9PT
Franck-Steier Price Ltd (FSP) has recently completed the sale of a ground floor retail investment on behalf of Birmingham Properties Group.
The investment comprises a well let Thai restaurant on the ground floor of the Harborne Central residential development in a prominent corner position. The property is let to Sabai Sabai Harborne Limited for a term of 15 years with effect from 23rd June 2011 on a total floor area of 2,605 sq.ft.
The property was purchased for £499,999 which represents a net initial yield of 8.25%, assuming full costs of purchase of 4.80%.
Franck-Steier Price Ltd (FSP) acted on behalf of Birmingham Properties Group and the private investor was represented by James Evans.