A £1 million auction scheduled for next month offers investors the chance to acquire a portion of a bustling Birmingham high street. The retail parade, located on Warwick Road in Acocks Green, features three contemporary units spanning the ground and first floors.
Property Highlights and Income Potential
Current occupants include a Greggs bakery and a BoyleSports betting shop, which together generate an annual rental income of £80,500. The site includes a rear service yard and dedicated car parking spaces, enhancing its appeal for commercial operations.
Separately, a parcel of open storage land behind the property enters the auction with a guide price of £40,000. This land currently produces £6,000 in yearly rental income, presenting additional opportunities for investors.
Expert Insights on Investment Appeal
John Mehtab from Acuitus highlights the attractiveness of high street retail parades, noting their diverse income streams, balanced risk profiles, and potential for proactive asset management. He adds that the rear land provides short-term development prospects, pending necessary approvals.
Auction Details
The Acuitus auction commences on February 12 at 1 p.m. and streams live on the company’s website. Bidders can participate online, via telephone, or through proxy arrangements.
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