Property overview

Sabai Sabai, Harborne Central, 268 High Street, Harborne, B17 9PT

sold

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£499,999
Aug 2014

Franck-Steier Price has recently completed the sale of a ground floor retail investment on behalf of Birmingham Properties Group.

The investment comprises a well let Thai restaurant on the ground floor of the Harborne Central residential development in a prominent corner position.  The property is let to Sabai Sabai Harborne Limited for a term of 15 years with effect from 23rd June 2011 on a total floor area of 2,605 sq.ft.

The property was purchased for £499,999 which represents a net initial yield of 8.25%, assuming full costs of purchase of 4.80%. 

Franck-Steier Price acted on behalf of Birmingham Properties Group and the private investor was represented by James Evans.