Global demand for UK investments fuels bidding
UK investments fuelled by investors seeking solid returns from bricks and mortar will be eyeing up the opportunities in Bond Wolfe’s next auction on Thursday 15 September.
A prime example can be found in Rowley Regis, where 170-174 Halesowen Street, a freehold, mixed use town centre investment property offering current rental income and with a guide price* of £495,000+.
It includes a large ground floor retail unit, a first floor gymnasium, telecommunication masts on the roof, and also has two self-contained flats and a rear car park with approximately ten spaces.
The building is an imposing three storey mid-terrace property and occupies a highly prominent location fronting the northern side of Halesowen Street at its busy roundabout junction with High Street, Market Place and Oldbury Road in the heart of Blackheath town centre.
The residential element includes Flat 1 with two bedrooms, lounge, kitchen and bathroom, and Flat 2, offering three bedrooms, lounge, kitchen and bathroom.
Ian Tudor, joint managing director auctions at Bond Wolfe, said: “All the elements of this property are fully let, and there is scope to improve returns. This is just the kind of investment property that attracts attention, not just locally and regionally, but also from our national and international regular investors.”
6-8 Church Street, in Bromsgrove, is another fully let retail and office investment opportunity currently producing a gross annual rental income of £23,500 and with a guide price of £225,000+.
Further afield, 1 Palace Avenue in Paignton, Devon, is an attractive freehold town centre investment opportunity with ground floor retail unit and three fully-renovated, self-contained apartments above. The property is currently delivering an annual rental income of £6,300, but when fully let this would rise to an estimated £33,900. It has a guide price of £340,000.
Yew Tree Cottage Indian Restaurant, at 43 Stoney Lane, Yardley, Birmingham, is an extensively extended property with a well-established restaurant and living accommodation on the first floor which currently produces annual rental income of £28,000, and has a guide price of £280,000.
Another good example of a mixed use retail and residential investment is 2-6 Belchers Lane, in Birmingham. The property is fully let and has five retail units, and two self-contained flat, together currently producing annual rental income of £39,000 and is offered with a guide price of £445,000+.
52 Friar Street, Worcester, is a mid-terraced property with a ground floor retail unit and a separate, self-contained apartment on first and second floors. The current annual rental income of £12,600 is due to rise to £13,350 and the property has a guide price of £145,000+.
Over in West Sussex, 112 High Street, Selsey, near Chichester, is a modern, long leasehold ground floor retail investment let to a well-established tenant for approximately 15 years at a £12,000 per annum rental. It has a guide price of £135,000+.
These investment opportunities are among 156 lots listed for in Bond Wolfe’s next auction at 9.30am on 15 September. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.
Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.