Mixed Use Investment Sale marks a great start to the New Year
Following a busy end to 2017, Burley Browne have kicked off the New Year with the sale of 23, 25, 27 Alvechurch Road, West Heath, in Birmingham.
The premises offered a fully occupied mixed use investment opportunity extending to three ground floor retail units together with a first floor restaurant and residential flat. The ground floor tenants include Ladbrokes PLC, Sue Ryder Foundation and a local convenient store trading as Premier Local with Post Office. The property was marketed with offers invited in the region of £395,000 with a total rental income of £37,000 per annum. The premises were sold for an undisclosed amount.
The transaction marks the conclusion of a successful marketing campaign with the premises generating a good level of competing interest.
For further information on freehold opportunities or should you require any further information or assistance with any commercial property matters you may have, please do not hesitate to contact Burley Browne on 0121 321 3441 or visit us via the website on www.burleybrowne.co.uk. You can also follow us on twitter@burleybrowne.