Three new lettings at Astle Outlet Park in West Bromwich have marked a busy start to the New Year for commercial property agents Bond Wolfe.
It comes on the back of the firm’s successful sale of historic Grade II listed Astle House next door, originally the printing and publishing offices for iconic group Kenrick & Jefferson, where discussions are ongoing with council planners regarding a proposed refurbishment.
The three separate deals – units 3b, 3c and 3d – all front West Bromwich High Street.
Bond Wolfe has assisted the relocation of Indian restaurant Mumtaz from 133a High Street, a site which is to form part of the new “Eastern Gateway” regeneration project.
Mumtaz, which already has four existing restaurants across the West Midlands and a good local reputation, is taking a ten year lease on its new outlet.
Only 99p, a discount general store, has moved into 2,870 sq ft of space, also on a ten year lease, and, after opening pre-Christmas, has reported an excellent start to trade.
The third letting is to Serenity Beauty Ltd, hair and beauty specialists, which has signed up to a five year lease.
James Mattin, managing partner of Bond Wolfe, said: “All have taken their units on empty – they being never previously occupied – and have fitted them out to a high standard.
“Only 99p and Serenity Beauty Ltd were attracted after one large unit was split, a reward for thinking outside the box on how best to progress the marketing effort.
“We managed to create two lettings and fill void space that had been sitting empty since construction.”
He added: “The three lettings mark an excellent and busy start to the year for our agency department. They will be a major asset to West Bromwich.
“Other shop deals in Birmingham city centre and Walsall have been agreed and are progressing to completion.
“And we have taken instructions on a number of vacant commercial properties in the region.”
Bond Wolfe acted for Possfund Custodian Trustee Ltd, owners of Astle Outlet Park, on the lettings in conjunction with managing agents, Realm.
It is the first UK in-town outlet park, offering famous brands at low prices.
Stores include Marks & Spencer, GAP, Nike and Next.
