A £1 million auction scheduled for next month offers investors the chance to acquire a prime segment of a bustling Birmingham high street. Located on Warwick Road in Acocks Green, the property features three contemporary retail units spanning the ground and first floors.
Property Overview
The site currently hosts tenants such as Greggs and BoyleSports, generating a combined annual rental income of £80,500. The setup includes a rear service yard with dedicated car parking spaces, enhancing its appeal for commercial operations.
Separately, a plot of open storage land behind the property enters the auction with a guide price of £40,000. This land produces £6,000 in yearly rental income and presents potential for near-term development, pending necessary approvals.
Expert Insights
John Mehtab of Acuitus highlights the investment value: “High Street retail parades are popular with investors for their variety of income and diversity of risk and for the prospect for active asset management opportunities. While the parcel of land to the rear offers near-term development opportunities, subject to consents.”
Auction Details
The auction commences on February 12 at 1 p.m. and will stream live on the Acuitus website. Bidders can participate online, via telephone, or by proxy, providing flexible access to this opportunity.
