Sweet treat set to open in Redditch, thanks to John Truslove

A new dessert shop is bringing a range of sweet treats to the heart of Redditch, served up with the assistance of property agents John Truslove.

Bakes & Shakes is the latest venture from businessman Farhan Khan and will open in one of Redditch town centre’s most prominent retail units – the corner building at the top of Unicorn Hill.

Mr Khan secured the lease on 940 sq ft at 2 Unicorn Hill – taking both the ground floor and the basement of the four-storey building – after contacting Ben Truslove, joint managing director at Redditch commercial property agents John Truslove.

“I’ve been running a mobile coffee business for the last few years but, after the impact of Covid on the festival and outside events industry over the last year, I decided to start something a bit more ‘bricks & mortar’,” said Mr Khan.

“I’ve been mulling over the idea of a dessert shop for a while but in Birmingham, where I’m from, the market is just saturated. I thought Redditch would be a better place to open – and it’s a very nice place to work and run a business.”

He added: “I was looking for suitable premises on various websites and spotted the premises on Unicorn Hill. I got in touch with Ben Truslove and he’s been great – really helpful, always responded to my calls and answered queries.

“We’re doing a lot of work on the premises to get them ready and hope to open sometime this autumn.”

Ben Truslove, at John Truslove, arranged a five year lease at £15,000 per annum with Mr Khan on behalf of the landlord.

He said: “This is a prominent unit at the heart of Redditch town centre, so it is ideal for a new business hoping to attract a lot of attention. Dessert shops have become extremely popular in recent years, and I am sure local people will find Bakes & Shakes to their taste.

“This is another example of John Truslove securing an excellent tenant on behalf of one of our landlord clients.”

Law firm Wildings represented Mr Khan.

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For more information, contact:

John Truslove, Daralbee House, Archer Road, Redditch, B98 8DJ

01527 584242

Editor’s Notes

Redditch-based chartered surveyors and valuers John Truslove was established by John Truslove in 1981 and has become the market leading independent agent for commercial property in North Worcestershire and North Warwickshire as well as the wider West Midlands.

The firm was named Most Active Agent in Worcestershire in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.

Joint managing director Ian Parker was also named Worcestershire Dealmaker of the Year AND Warwickshire Dealmaker of the Year for 2020. The survey year, which runs from August to August, saw John Truslove record a 36% increase in deals negotiated over the 12 months.

Issued by Andy Skinner of ASAP PR, mobile 07990 978257.

Hot high street sites in West Midlands still proving popular with investors

Solihull High Street is still proving popular with investors despite the global pandemic and general doom and gloom surrounding the retail sector.

The West Midlands is seeing strong demand for hot high street sites with good tenants, with a string of recent deals proving investor appetite.

Commercial agents Bond Wolfe have acquired a retail parade at 51-61 High Street, Solihull, on behalf of  a retained client for an undisclosed sum.

The parade of High Street properties, with tenants including Poundland, Tui and Robert Dyas, is currently producing £320,000 in rental per annum.

James Mattin, managing director agency at Bond Wolfe, said: “We are delighted to have concluded this acquisition on behalf of retained clients.

“We have seen a real surge in retail investment transactions across all lot sizes. This deal really demonstrates the increased strength of investor demand for West Midlands High Street retail despite the global pandemic.”.

The vendor was CBRE Global Investors, represented by agents Fawcett Mead with legal advice from Dechert LLP. Clark Brookes Turner Cary Solicitors acted for the purchaser.

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For further information, please contact:

James Mattin, Managing Director Agency,

Bond Wolfe, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 312 1212

Email: Jamesmattin@bond-wolfe.com

www.bondwolfe.com

Issued by Andy Skinner, ASAP PR, mobile 07990 978257.

Editors’ notes

Bond Wolfe is an established commercial property practice based in Birmingham and the Black Country. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.

Ooh la la, a snip and a sip in Kings Heath to look forward to when lockdown eases

A French-styled barber’s shop with restaurant, and a champagne bar above, is probably one of the more exotic and unusual deals to be announced during the current coronavirus lockdown.

Commercial property agents Bond Wolfe have let 6-8 Alcester Road in Kings Heath, Birmingham, to ALLM Ltd on a five year lease. The new business will trade as “Boomers”.

The deal means the shopping parade owned by Birmingham quoted investment company Real Estate Investors plc is now fully let.

James Mattin, chief executive of Bond Wolfe, said: “The retail property market has never faced such challenging times as it is right now, so we are delighted to have concluded this letting during in such a difficult climate.

“We remain very much open for business and are continuing to receive new inquiries across all sectors, and we are very pleased to be able to release such a good news story amid all the doom and gloom.

“This deal was almost 12 months in preparation with planning, design and other issues to be resolved along the way.

“But we are delighted that the tenants have stuck to the task, and when it came to completion were happy to proceed, with an eye to the future when life returns to normal and we will all be long overdue for a haircut and definitely need some fizz to cheer us up!”

The property is a double unit on the popular south Birmingham shopping parade and has Sainsburys as a neighbour with shops such as Barnardos also close by.

The ground floor area will have an all-day barbers’ shop and also a restaurant that stays open till late, and the first floor will be home to a stylish champagne bar.

The new business is the brainchild of thee directors including Andra Borcila.

She said: “Boomers is a new and exciting concept that combines champagne bar elegance with sophisticated French barbershop styling and high quality cuisine in a gourmet restaurant setting.

“The inspiration is French in design and delivery, bringing together multiple influences to create a truly unique experience dedicated to embracing luxury and relaxation with a comfortable, laid back ambiance.”

Landlord REI plc was advised by law firm Clark Brookes Turner Cary and ALLM Ltd by Knights plc.

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For further information, please contact:

James Mattin, Managing Partner,

Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ

0121 525 0600 or 0121 524 1172,

www.bondwolfe.net

Issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.

Editors’ notes

Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.