Units A & B, 1360-1362 Pershore Road, Stirchley, Birmingham B30 2XS
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New build retail investment Pershore Road, Stirchley, Birmingham.
Located in the south Birmingham suburb of Stirchley, 4 miles from the city centre. Close to Selly Oak, Bournville, Kings Norton, Moseley and Kings Heath.
The site fronts Pershore Road (A441), one of the main arterial roads leading from the outer ring road. There are over 16,000 vehicles passing the subject property daily.
The property adjoins an Aldi supermarket with a 120 space car park which opened in 2022.
Stirchley was 2024 Sunday Times “Best Place To Live In Midlands”
Two new build retail units extending to 2,600 sq ft. Warranties available to purchaser.
Let to two national retailers , with undoubted covenants, from December 2025:-
• Greggs – 15 years (10 year break), 5 yearly reviews to the higher of open market or compounded CPI increases (with annual 2% & 4% collar & cap)
• Cardfactory – 10 years (5 year break with £15,000 break penalty), 5 yearly open market reviews
Total rent – £60,000 per annum.
We are instructed to seek offers in excess of £800,000 (Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 7.11%, minimum reversion at first review to 7.48%
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