On behalf of M J Cowlishaw & D J Langton, Joint Administrators

Commercial & Residential Investment

28-29 Tenby Street, Hockley, Birmingham, B1 3EE

Location

The property is located on Tenby Street, in the JewelleryQuarter area of Birmingham, circa one mile northwest ofBirmingham city centre. The surrounding areacomprises predominantly offices/workshops andresidential uses.

Tenby Street is well placed for all local amenities, accessto the national motorway network via the A4540 and islocated within close proximity to the Jewellery Quarterrailway and Midland Metro stations.

Description

The property comprises a three storey property situatedaround a central courtyard, with three ground floorretail/office units and six apartments at first and secondfloor levels.

The ground floor accommodation comprises aretail/office unit fronting on to Tenby Street and twobeauticians/clinic units, plus an annex, accessed fromthe central courtyard.

Tenure

Freehold.

Income

The gross rental income currently produced is £47,400per annum. With the two vacant flats re-let, the totalincome could be circa £64,500 per annum (i.e. £53,700from the apartments alongside the £10,800 commercialrent). A tenancy schedule is provided below.

Guide Price

Offers in excess of £1.2 million are invited on anunconditional basis.

EPCEPC copies are available upon request.

VATWe understand that VAT is not chargeable on the sale.

Freehold Commercial & Residential Investment Opportunity

DISCLAIMERThe material herein is intended as a guide only, no liability for negligence or otherwise isassumed for the material contained herein by Jones Lang LaSalle, its principal or its servants or its agents. No material contained herein shall form the basis of or be part of any agreement and no warranty is given or implied as to the accuracy of the whole or any part of the material. Prospective purchasers/tenants should not rely on the material but should make their own enquiries and satisfy themselves of all aspects of the material. Any liability by Jones Lang LaSalle, its principal, its servants or its agents in any way connected with the brochure, whether or not such liability results from or involves negligence, will not exceed $1000.00.

For more information and access arrangements please contact:

Harry Ward

0121 214 9904

Vicky Beach

0121 214 9872

Rose Treasure

0121 214 9905

Laura Allen

0121 214 9937

Unconditional Offers Invited

Subject to Contract

jll.com

Unit Sq ft Tenant Initial Term Start End Annual Rent

Unit 1 430 Mr Thangaraj Ravindran, Orosolis Europe Limited 3 years 1.6.2014 31.5.2017 £6,000

Unit 2 498 Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £1,800

Unit 3 336 Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £2,400

Service Room/Annex - Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £600

Flat 1 1 bed Miss Juliet Carmen Teksnes 12 months 16.7.2014 Statutory Periodic £7,500

Flat 2 2 bed Mr Gideon Brett & Mr Elisha Chung 12 months 5.8.2016 4.8.2017 £9,900

Flat 3 2 bed Miss Sian Marks & Mr Matthew Newton-Syms 12 months 11.2.2017 10.2.2018 £9,600

Flat 4 1 bed Vacant - - - £7,500**

Flat 5 2 bed Mr Tim Smith & Mr Juan Pablo Honorato 12 months 12.09.2016 11.09.2017 9,600

Flat 6 2 bed Vacant - - - £9,600**

Total 1,264**All floor areas are approximate and are for illustration only

**Potential Income £64,500**

Accommodation & Tenancy Schedule