An upcoming public sale presents buyers with the chance to buy a slice of a vibrant Birmingham excessive road for roughly £1 million. The property, situated on Warwick Highway in Acocks Inexperienced, options three up to date retail items spanning the bottom and first flooring.
Key Property Particulars
Present occupants embody fashionable chains Greggs and BoyleSports, which collectively contribute a mixed annual rental revenue of £80,500. The location features a rear service yard geared up with out there parking areas, enhancing its attraction for industrial operations.
Moreover, a separate parcel of open storage land behind the property enters the public sale with a information worth of £40,000. This land at present produces £6,000 in yearly rental income, providing additional revenue potential.
Knowledgeable Insights on Funding Worth
John Mehtab from Acuitus highlights the sights of such properties: “Excessive Road retail parades are fashionable with buyers for his or her number of revenue and variety of danger and for the prospect for energetic asset administration alternatives. Whereas the parcel of land to the rear provides near-term improvement alternatives, topic to consents.”
Public sale Data
The Acuitus public sale is scheduled for February 12 at 1 p.m. It’ll stream dwell on the Acuitus web site, permitting bids by way of on-line, phone, or proxy strategies to accommodate a variety of members.
