Burley Browne have successfully completed the sale of a mixed use investment in Hamstead, Birmingham to an undisclosed purchaser following a best bids process.

Acting on behalf of a private client, Burley Browne have sold International House, Old Walsall Road, Hamstead, Birmingham which comprises Scrivans Opticians on the ground floor with the first floor occupied by West Midlands Mediation and Transformation Services. The sale was completed to a private investor at a figure well in excess of the asking price following a best bids process.

David Hemming, Retail Director of Burley Browne, commented “despite the extremely challenging market conditions, this demonstrates that for the right product there are still purchasers in the market that are prepared to compete and bid at a strong level to secure a property.

We are continuing to experience a gradual improvement in general market conditions although things are still very much on a knife edge and it is difficult to predict the timescale of any recovery”.

October 2009