93a Alcester Road, Moseley
Prime Restaurant Investment on new 25 Year Lease
On behalf of C2 Capital private clients’ Bruce Gillingham Pollard acquired the Freehold which will benefit from ongoing developments within the area. The affluent location is ever improving, multiple nationals require space in the town and this will start moving rents overtime allowing for both rental and capital growth.
The location will be enhanced further with the revitalisation of Alcester Road through such projects as the new boutique bar/hotel located in the former HSBC bank next door and Prezzo opening in 91A Alcester road. This will stimulate the evening economy further ensuring that Moseley becomes an entertainment destination for residents and visitors alike.
The acquisition was bought for £1,300,000 which reflected a net initial yield of 5.00%.