Location
The Pallasades Shopping Centre is situated directly above Birmingham New Street Station in the heart of the City Centre. The Centre adjoins the Bullring via the Bullring link.
The Pallasades is anchored by Woolworths and Argos whilst other national multiples represented within the Centre include New Look, HMV, Vision Express, Birthdays and Peacocks.
Accommodation
The accommodation is arranged over ground floor and first floors as follows: -
| Net Frontage | 18'4" |
| Shop Depth | 80'1" |
| Ground Floor Sales | 1,617 sq ft |
| First Floor Ancillary | 735 sq ft |
Lease
15 years from 24th June 2001 subject to five yearly upward only rent reviews.
Rent
The base rent is £78,500 per annum exclusive. The next review is June 2006. Further information is available upon request.
Terms
Offers invited for the benefit of the leasehold interest.
Business Rates
Rateable Value £54,500
UBR 2007/08 0.462
Rate Payable 2007/08 £ 24,198
Interested parties are advised to verify these figures with Birmingham City Council.
Legal Costs
Each party to be responsible for payment of their own legal costs incurred.
Viewing
Strictly by prior appointment through joint agents through vendors' sole agents David Menzies Associates or Joint Agent Charles Palmer Property.
Contact
The above information is believed to be correct but is intended for guidance only and its accuracy is not guaranteed. It does not constitute an offer and must not be relied on as representation of facts or as otherwise forming the basis of a contract. The vendors or lessors do not, and neither David Menzies nor their employees have any authority to make or give any representation or warranty in relation to the property