Syndicate Type: Income
Asset Type: Retail
Property Address: 37-40A Frederick Street & 51 Warstone Lane, Jewellery Quarter, Birmingham, B1 3HH
Tenant: Greggs Plc, Subway Realty Ltd, Tesco Stores & oral Racing Ltd
Avg, Lease Expiry: 01/01/2021
Passing rent: £130,137
The property is located in the heart of the Jewellery Quarter at the junction of Frederick Street and Warstone Lane which is notable for the landmark Chamberlain Clock. Aside from the large number of jewellery retailers in the Quarter, the heart of convenience retailing and banking surrounds this important junction and the clock. In addition to the subject property are the Post Office, William Hill and HSBC and Barclays banks.
The property comprises four ground retail units. The upper floors are in seperate ownership and are not included in the aquisiton. To the front of the retail unit is a car parking area with 6 marked spaces for the use of retail customers. To the rear is a large car park for the first and second floor offices as well as a small service yard for tesco.
The property is of framed construction with modern glazed shop fronts, the bulding having been substantially refurbished in 2006.