67 TEMPLE ROW
The property occupies a prime position on the corner of Temple Street and Temple Row, overlooking St Philip’s Cathedral and within easy walking distance of Grand Central Station. 67-71 Temple Row was developed in 2000 and provides 3 retail units comprising 12,052 sqft over basement, ground, mezzanine and first floors with office accommodation at second and third floor levels. The immediate area has become a focal point for the restaurant and bars sector and with this in mind EPAM played a central part in securing a change of use to A3/A4 for all of the retail units, and negotiating vacant possession of this space. With the help of CBRE’s Agency Team we have secured The Ivy on a 25 year lease at an increased rent which translates to a significant uplift in capital value.
Address: 67-71 Temple Row & 43 Temple Street, Birmingham B2 5LS
Client: Offshore Trust Company
Size: 18,972 sq.ft.
Type: Multi-let office & retail building
Key Message: Transformation
- Retail Unit 1 - vacant
- Retail Unit 2 – surrender agreed
- Reconfiguration of ground floor and basement and change of use resulting in a 25 year letting to The Ivy
- Surrender Unit 3, change of use and re-letting as a bar
- Office re-gear to make sub-tenant direct tenant and take back common areas to do refurbishment