B3 Units 1 & 2, 63-65 Cornwall Street, Birmingham

Let To David Lloyd Leisure At £126,209 pax

Tenant Break In October 2024 (Tenant Has Vacated)

Let to David Lloyd Leisure Limited (Creditsafe Rating of 86A - Very Low Risk). The gym has closed.

A 15 year FRI lease expiring in 2034 subject to a tenant option to break in October 2024 (12 monthsss rent penalty)

The property comprises ground floor accommodation totalling 4,895 sq ft GIA (454.7 sq m) with a frontage to Cornwall Street of 65 feet (19.9m). The property forms part of a 2017 mixed use scheme with ground floor commercial and 77 apartments above. The property is regular in shape with high ceilings up to 4m (13 feet) and is rear servicing from New Market Street.

We understand that David Lloyd spent in the region of £850,000 fitting out the Blaze Gym in 2019/2020.

Situated in Birmingham's Central Business District only 3 minutesss walk from Birmingham Snow Hill Station and 6 minutesss walk from Birmingham New Street Station, the busiest station in the UK outside London. On completion of the HS2 high speed rail links, London will be only 52 minutes by train.

The property occupies a prominent position on the northern side of Cornwall Street adjacent to Purnelllls Michelin Star fine dining restaurant within the attractive and vibrant leisure quarter serving Colmore Business District, one of Birminghammms premier commercial addresses.

Cornwall Street has been substantially improved with new paving, traffic calming, leasing, and landscaping.

Nearby leisure occupiers include All Bar One, Dishoom, Gaucho Restaurant, Zen Zen, The Alchemist, Dirty Martini, The Botanist and Fazenda Rodizio Bar and Grill.

The Core Central Business District has some 9.5 million sq ft of offices, providing a substantial catchment within a 10 minutesss walk. 103 Colmore Row close to the property has added 230,000 sq ft of offices to the immediate area. Office occupiers close by include AXA, HSBC, PWC, JLL, Santander, Handelsbanken, Coutts, and Mazars.