Kings Heath – economically challenged in recent times – is fighting back as shop units prove popular again.
That is the view of James Mattin, managing partner of Bond Wolfe.
His comments came as the property agency revealed three stores on Alcester Road South had either been let or were under offer.
“After a difficult trading period for some in Kings Heath, the demand for retail units appears to have returned,” he noted.
Parkan Group Ltd has signed a five year lease on No 30 and plan to open a high end jewellers following refurbishment of the former cosmetics outlet.
A two storey property, with the ground floor retail/sales area extending to 884 sq ft, it occupies a prominent mid-parade position close to other occupiers including Lloyds Pharmacy, Lloyds TSB and Sainsbury’s.
Mr Mattin said: “The property is located in the heart of the busy Kings Heath shopping district, South Birmingham’s major shopping area containing many chain retailers. It is good to see it so much more buoyant.
“Parkan Group Ltd already has stores in Nuneaton and this is part of their expansion drive.
“We had multiple offers on this unit and now have the former Post Office at 6/8 Alcester Road South under offer. Last week we placed No 53 on the market and that too has already gone under offer.”
6/8 Alcester Road South has a 1,439 sq ft sales area while No 53, a former Money Shop, has 730 sq ft of ground floor retail.
Mr Mattin said excellent passing trade, the prominent high street location and the availability of flexible terms were all helping to turn Kings Heath round.
“The future looks much brighter,” he asserted.