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Jewelry Quarter Freehold Investment With Two Retail Units For Sale

Birmingham, West Midlands, UK
Freehold Price:
On request
Leasehold Price:
On request
Turnover:
On request
Net Profit:
On request

Two adjoining, self-contained retail units are offered as a freehold investment on Warstone Lane in Birmingham’s Jewellery Quarter. The property is priced at £695,000, subject to contract, and is let to a nail and beauty salon and a restaurant.

Each unit has its own glazed shopfront and direct access from Warstone Lane, with shared parking to the rear. The existing tenancies provide an investment opportunity within a mixed-use district of independent shops, cafés, offices and residential accommodation. The property is elected for VAT.

Contact the agent for the investment particulars, tenancy details or a viewing.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

53A Warstone Lane is let on a 10-year lease from 13 February 2023 at a passing rent of £22,200 per annum exclusive.

54 Warstone Lane is let on a 10-year lease from 24 February 2025 at a passing rent of £20,000 per annum exclusive, increasing to £24,000 per annum exclusive from 24 February 2028. Rent reviews are provided at the sixth and ninth anniversaries of that lease.

Location:

The property is at 53A & 54 Warstone Lane, Jewelry Quarter, Birmingham, B18 6NG, approximately one mile north-west of Birmingham City Centre. The surrounding area includes independent retailers, cafés, offices and residential developments. The A41 and A4540 Middle Ring Road provide access towards the city centre and motorway network.

Premises Details:

The two brick-built retail units have a flat roof and a combined internal area of approximately 1,286 sq ft (120 sq m): 353 sq ft at 53A and 933 sq ft at 54. Both have glazed shopfronts. The salon accommodation includes tiled flooring, plastered and painted walls, inset LED lighting, a kitchen and WCs. The restaurant accommodation includes full-height glazing, tiled flooring, spotlights and WCs, with a rear kitchen containing an extraction canopy, sinks, a cold store and chiller. A shared parking area is located to the rear.

Size in square feet:
1,286 sq ft

Other Information

Leasehold asking price:
On request
Contact Broker