Restaurant to let near Broad Street Birmingham on Regency Wharf

Restaurant to let - 5 Regency Wharf, Birmingham, UK

Facilities
  • 24 hr Access
  • Assembly / Leisure Use
  • Café / Restaurant Use
  • Retail / Office Use
  • Retail Use
  • Self contained premises
Description

Restaurant to let near Broad Street Birmingham on Regency Wharf.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.
UNIT 5
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.
Rent
£80,000 pax
Terms
The premises will be available on a new effectively full repairing and insuring lease.
VAT
All figures quoted are exclusive of VAT which is applicable.
Business Rates
The restaurant to let near broad street Birmingham has 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 on
0121 303 5509.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
EPC
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.

Area
3927 sq ft
Security Shutters
No
Use
A3 (Café/Restaurant)
Location
City/Town Centre
Minimum Availability
12 Months
Price per annum
£80000
Location
Make an enquiry