11-12 Bennetts Hill, Birmingham, B2 5RS

Description

Positioned in the very heart of Birmingham city centre, just a short three-minute walk from Birmingham New Street Station, Burne Jones House presents a rare opportunity to acquire a landmark mixed-use freehold investment in one of the city’s most vibrant and well-connected locations.

This striking Art Deco-style building combines character architecture with strong income-producing potential, comprising prominent ground and basement restaurant accommodation alongside six upper floors of residential apartments.

In addition, the property benefits from valuable rooftop development potential, with space suitable for the creation of a further premium penthouse apartment.

The commercial accommodation is occupied by established leisure operators including Insomnia Cookies, the popular bakery chain, together with Fat Hippo gourmet burger restaurant at ground floor level.

Above, the property comprises 29 refurbished apartments, all sold on long leaseholds and generating individual ground rent income streams.

Further enhancing the asset is the opportunity to create an impressive rooftop penthouse apartment extending to approximately 1,030 sq ft, offering exceptional potential for value enhancement in this prime city centre setting.

Location

The property occupies a highly prominent position on Bennetts Hill within the commercial core of Birmingham city centre, surrounded by an established mix of retail, restaurant and leisure occupiers. Located at the foot of Bennetts Hill, New Street is one of the city’s principal shopping destinations, whilst nearby Colmore Row (less than a minute’s walk away) is widely regarded as Birmingham’s premier business and office address. The location benefits from exceptional connectivity, with extensive rail, metro and bus services all within easy reach. Birmingham New Street Station is approximately one minute’s walk from the property, while Birmingham Snow Hill Station is accessible within around five minutes on foot. In addition, the property enjoys substantial seasonal footfall generated by Birmingham’s renowned Birmingham Frankfurt Christmas Market, one of the largest Christmas markets outside Europe, which attracts significant visitor numbers to the surrounding area each year.

Accommodation

Please see full sales particulars.

Tenure

Freehold, subject to the existing tenancies.

Tenancy

Please see full sales particulars.

Price

£1,350,00 is sought for the Freehold interest, equating to a net initial yield of 7%, after usual purchaser’s costs.
Under section 5 of the Landlord & Tenant Act 1987, the residential long lessees have the right of first refusal and have two months from service of notice to match an accepted offer. During this period the purchaser is to carry out their due diligence such that exchange and completion can occur at expiry of this period.

Business Rates

11 Bennetts Hill - £29,250 (1 April 2026 – present).
12 Bennetts Hill - £57,500 (1 April 2026 – present).

Service Charge

A variable service charge is levied towards the management and maintenance of the common parts . The upper floor residential tenants contribute to a service charge for the maintenance of the structure of the whole building and reimburse the insurance premium paid by the landlord.

VAT

The property is elected for VAT and it is anticipated that the transaction will be effected by way of a TOGC.

EPC

11 Bennetts Hill – Rating C (valid until 25 April 2032).
12 Bennetts Hill – Rating B (valid until 17 November 2034).

Legal Costs

Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

Under HMRC and RICS regulations in addition to the Criminal Finances Act 2017, as property agents facilitating transactions, we are obliged to undertake anti money laundering due diligence for both the vendors (our client) and the purchasers involved in a
transaction. As such, personal and or detailed financial and corporate information will be required before an offer can be accepted and a transaction can commence.