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- LoopNet Team
St. Chads Queensway
Birmingham B4 6ET
Snow Hill Plaza · Hospitality Property For Sale
·
112,380 sq ft
INVESTMENT HIGHLIGHTS
- Opportunity to acquire an established and well let gym in a core Birmingham City Centre building currently undergoing redevelopment
- Let to Pure Gym Limited with a lease expiry on 29th August 2031
- Net rent receivable after August 2021 of £163,059 per annum
- Located at Snow Hill Plaza comprising part of the former Royal Angus Hotel, currently being redeveloped to provide a 174 bed Aparthotel
- Long leasehold interest expiring 3rd February 2141
EXECUTIVE SUMMARY
The property forms part of the Royal Angus Hotel and is immediately adjacent to the Holiday Inn Express. Seven Capital acquired the hotel in 2020 and have started work on a full redevelopment to provide a 174 bed Aparthotel comprising a mix of studio rooms and apartment-style accommodation. The Aparthotel will be an expansion of Seven Capital’s existing hospitality business which includes the four-star Park Regis on Broad Street. The Aparthotel will provide stays from a few nights to multiple months and it is anticipated to be open in 2022 ready for the Commonwealth Games. The property is very prominently situated with frontage to St Chads Queensway (A38) one of the key arterial routes into Birmingham City Centre. Located in the Central Business District the property is close to Snow Hill and Snow Hill Train Station and a short walk to Colmore Row and St Philips. To the rear of the property is an NCP multi-story car park.
PROPERTY FACTS
AMENITIES
- Balcony
- On-Site Retail
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
