This leasehold commercial investment occupies the basement of a former Georgian townhouse in Birmingham, with a dedicated street entrance and a current Thai restaurant tenancy.

• Commercial premises extending approximately 2,960 sq ft (275.09 sq m)
• Dedicated entrance and on-street parking available nearby
• Let to a Thai restaurant on a six-year term from 28 September 2022 to 27 September 2028
• Reported rental income of £34,728.75 per annum, with no VAT
• Underlease commenced 1 January 1986 for 99 years and three days, with 59 years remaining
• Stepped ground rent: £175, rising in later periods to £1,050, £2,100 and £4,200
• EPC rating C; arrears are reported, with further details in the legal pack

Situated near St Paul’s Square in Birmingham’s Jewellery Quarter, the property is surrounded by restaurants, bars, offices and apartments. The existing tenancy and stated income present an investment proposition, while the leasehold tenure, remaining term, stepped ground rent and reported arrears should be carefully reviewed before bidding.