Restaurant/cafe to let in Regency Wharf, Broad Street, Birmingham B1
£80,000 pa (£20.37/sq. ft. pa)
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Regency Wharf is perfectly positioned in the heart of Birmingham’s prime leisure and office districts. The estate sits at the northern end of Broad Street, adjacent to the four star Hyatt Regency Hotel, and is instantly recognisable from its iconic ghost writing and graffiti installations. This site also occupies a central location between
Brindleyplace, Centenary Square, Gas Street Basin and the new 1m sq ft Arena Central development.
The leisure units/Rum Runner Yard can all be accessed via two main Broad Street entrances, as well from the canal side/ Gas Street Basin. Other occupiers at Regency Wharf include Karaoke Box, Rub Smokehouse and Wetherspoon.
In addition, Rum Runner Yard was launched in October 2016. This dedicated events space has already hosted a variety of outdoor screening events in conjunction with the British Film Institute and Flatpack. Nearby, Centenary Square is home to the 8,000 capacity International Convention Centre (icc), the three hall Birmingham Repertory Theatre and the Library of Birmingham, which attracts over 2.5 million visitors a year.
Brindleyplace, the headquarters location of global firms such as Lloyds Banking Group, Royal Bank of Scotland and Deloitte, contains circa 1.2m sq ft of offices and a 30 unit restaurant scheme. Arena Central is a 9.2 acre development site with circa 1m sq ft of mixed-use commercial space, Phase 1 of which is set to come online in 2017. This will include the new 210,000 sq ft office headquarters for hsbc’s banking division and 250-bed Holiday Inn Express hotel.
A fully fitted bar/restaurant unit over ground floor only with frontages to both Rum Runner Yard and the canal side. The unit can be handed over in its existing specification or returned back to shell. There is also the potential to open up the Waterside aspect to improve the canal side views. The subject premises benefits from A1/A2/A3 and D1 consent – alternative uses may be considered.
Rum Runner Yard
A dedicated outdoor event space, situated in the central courtyard at Regency Wharf, which is suitable for outdoor screenings, live music and festivals.
The premises will be available on a new effectively full repairing and insuring lease.
All figures quoted are exclusive of VAT which is applicable.
The premises have a current Rateable Value of £82,000. The 2017 draft valuation shows an increase to £99,000. All interested parties should make their own enquiries with the Local Rating Authority.
Each party is to be responsible for their own legal costs incurred in this transaction.
The Energy Performance Asset Rating of the premises currently falls within category E (116). A copy of the Energy Performance Certificate can be made available upon request.
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* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hartnell Taylor Cook LLP, and do not constitute property particulars. Please contact Hartnell Taylor Cook LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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