Birmingham City Council industrial investment heads to our July auction

A freehold industrial investment in Sparkhill, producing almost £20,000 per annum in rental income, is set to feature in our next auction on Thursday 9 July.

The property at 8-11 Alfred Road, Sparkhill, is being offered on behalf of Birmingham City Council with a guide price* of £250,000+.

The two-storey industrial unit is currently let on a full repairing and insuring lease, providing investors with an established income-producing asset in a well-established commercial location.

Gurpreet Bassi, Chief Executive at Bond Wolfe, said:

“This is a traditional industrial investment property that provides an attractive opportunity for investors seeking a well-let commercial asset with secure income.

“The property is let on a full repairing and insuring lease for a term of 20 years from 18 July 2025, producing £19,750 per annum, with rent reviews every five years.

“Assets of this nature continue to attract strong levels of demand, particularly where they combine a long lease with reliable income and future rental growth through scheduled reviews.

“We expect interest from both local and national investors when the property comes to auction in July.”

The property is currently utilised as mixed manufacturing and office accommodation and occupies a freehold site extending to approximately 8,062 sq ft.

The accommodation comprises approximately 2,519 sq ft on the ground floor, together with a further 863 sq ft on the first floor.

Situated in the established industrial area of Sparkhill, the property benefits from excellent access to Birmingham city centre and the wider Midlands motorway network, making it an attractive location for commercial occupiers.

The investment will be among the lots appearing in our next auction, which starts at 8.30am on Thursday 9 July.

The auction will be live-streamed via our website, with remote bidding available by proxy, telephone or internet.

For more details and to register to bid visit
https://www.bondwolfe.com/auctions/properties/,
email auctions@bondwolfe.com or call 0121 312 1212.

*Each property is subject to a reserve price which may differ from the guide price. Please refer to the Important Information and legal pack(s) for further details and any additional fees which may apply.