Commercial Street, Birmingham, B1

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Rare opportunity to acquire a prime hotel in a major provincial city market located in an iconic landmark mixed commercial and residential building. • Multi-faceted trading business with extensive facilities. • Unbranded Boutique Hotel with 52 keys enjoying extensive city views inc. 10 feature and balcony rooms. • Marco Pierre White branded restaurant (c.180 covers). • Additional dining and bar facilities (60 covers/120 reception) with extensive terrace area (80 covers/160 reception). • Private dining/Boardroom at Level 25 (22 covers). • Well-presented and invested long leasehold asset. • Total Floor area approaching 37,000 sq ft over 4 floors. • Established business with potential brand, asset/operational and management opportunities. • Long Leasehold tenure in two coterminous leases with c.111 years unexpired. Peppercorn rent.

Location: • Nearest Station: Birmingham New Street Station • Distance to Station: 0.4 miles

Agent Information: • Address: Colmore Row, Birmingham, B3 2AP

Full Description: The Property

The subject property is located principally over 4 levels within the Cube, an iconic building designed by award-winning architect Ken Shuttleworth of Make, whose portfolio also includes the Gherkin, concluding the final stage of the renowned Mailbox development, forming one of Birmingham's premier retail and leisure destinations.

Completed in 2010, The Cube has become a Birmingham landmark, comprising a striking 25 storey development that, in addition to the hotel include other bars, restaurants and leisure uses, including a 10 pin bowling centre, 244 residential apartments, extensive underground car parking and 112,000 sq. ft of offices.

Occupiers in The Cube include Highways England, the Solicitors Regulation Authority and IBI Group. Other nearby occupiers within the adjacent Mailbox include high end lifestyle and fashion retailers such as Paul Smith, Boss, Harvey Nicholls and Emporio Armani, along with complimenting bars and restaurants such as Gas Street Social, Chez Mal, Harvey Nicholls Bar and The Mayan.

This scheme also boasts an Everyman multiscreen cinema, two further hotels, including AC Hotels by Marriott and Malmaison and is home to BBC Birmingham.

Location

Birmingham, in the West Midlands, is the UK's second largest city, located about 120 miles northwest of London, 90 miles northeast of Bristol, 50 miles southwest of Nottingham, and 85 miles south of Manchester.

Birmingham has excellent transport links with the M5, M6, M40, and M42 motorways. It has three railway stations-Birmingham New Street, Birmingham Moor Street, and Snow Hill-providing frequent high-speed connections to London Euston (1 hour 15 minutes) and other major UK cities like Manchester, Liverpool, Nottingham, and Bristol.

Birmingham New Street is the busiest station outside London and is a 10-minute walk from The Cube. Curzon Street Station is under construction, expected to open between 2029 and 2033, linking eight of Britain's largest cities and reducing journey times and congestion.