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The Cube Hotel 196 Wharfside St

52 Room Hotel Birmingham B1 1RN £12,000,000 (£230,769/Room)

Investment Highlights

  • Multi-faceted trading business with extensive facilities
  • Marco Pierre White branded restaurant (c.180 covers)
  • Established business with potential brand, asset/operational and management opportunities
  • Unbranded Boutique Hotel with 52 keys enjoying extensive city views inc. 10 feature and balcony rooms
  • Well-presented and invested long leasehold asset
  • Additional dining and bar facilities (60 covers/120 reception) with extensive terrace area (80 covers/160 reception)

Executive Summary

The subject property is located principally over 4 levels within the Cube, an iconic building designed by award-winning architect Ken Shuttleworth of Make, whose portfolio also includes the Gherkin, concluding the final stage of the renowned Mailbox development, forming one of Birmingham’s premier retail and leisure destinations. Completed in 2010, The Cube has become a Birmingham landmark, comprising a striking 25 storey development that, in addition to the hotel include other bars, restaurants and leisure uses, including a 10 pin bowling centre, 244 residential apartments, extensive underground car parking and 112,000 sq. ft of offices. Occupiers in The Cube include Highways England, the Solicitors Regulation Authority and IBI Group. Other nearby occupiers within the adjacent Mailbox include high end lifestyle and fashion retailers such as Paul Smith, Boss, Harvey Nicholls and Emporio Armani, along with complimenting bars and restaurants such as Gas Street Social, Chez Mal, Harvey Nicholls Bar and The Mayan. This scheme also boasts an Everyman multiscreen cinema, two further hotels, including AC Hotels by Marriott and Malmaison and is home to BBC Birmingham
The long leasehold interest in the property known as the The Cube Hotel is for sale on the instructions of the Joint Administrators. A third party is operating the business under the terms of a temporary management agreement on behalf of our client. Vacant possession will be
provided at the date of completion.
Offers are invited in the region of £12m for the long leasehold interest in the property and business. 125 years from and including 22nd December 2010 (approximately 111 years unexpired).

Property Facts Sale Pending

Price £12,000,000
Price Per Room £230,769
Sale Type Investment
Tenure Freehold
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.01 AC
Building Size 452,088 SF
No. Rooms 52
Number of Floors 24
Year Built 2010
Corridor Interior

Amenities

  • Balcony
  • Business Centre
  • Fitness Centre
  • Pool
  • Restaurant
  • Room Service
  • Spa
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wi-Fi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 52 £201.00 215
  • Listing ID: 32768959

  • Date on Market: 12/08/2024

  • Last Updated:

  • Address: 196 Wharfside St, Birmingham B1 1RN

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