Three Harborne investment properties to feature in our July auction

Three neighbouring freehold retail investment properties in the heart of Harborne are set to feature in our next auction on Thursday 9 July, having been entered on behalf of Birmingham City Council.

Located at 9, 11 and 13 Harborne Park Road, the properties occupy a prominent position just moments from Harborne High Street and will be offered individually with guide prices* of £250,000+, £150,000+ and £150,000+ respectively.

All three properties are sold subject to their existing tenancies, providing investors with established income in one of Birmingham’s most sought-after suburban locations.

Our chief executive, Gurpreet Bassi, said:

“Harborne continues to be one of Birmingham’s most desirable and resilient commercial locations, making opportunities such as these increasingly difficult to find.

“The properties occupy a highly prominent position close to Harborne High Street and offer investors the chance to acquire well-located freehold assets with established income streams.

“We expect significant interest from both local and national investors looking to secure assets in this thriving suburb.”

9 Harborne Park Road comprises a ground floor takeaway, currently occupied by Lee Takeaway, together with a self-contained two-bedroom flat above.

The property currently generates £12,250 per annum and occupies a site extending to approximately 1,948 sq ft.

The ground floor accommodation includes a retail area of approximately 277 sq ft, together with a 104 sq ft kitchen, 468 sq ft storage area and 176 sq ft staff room.

11 Harborne Park Road is occupied by Duccio, a specialist leather goods retailer, producing £3,500 per annum.

The accommodation includes approximately 213 sq ft of retail space, together with 83 sq ft of storage and 59 sq ft of staff facilities, on a site of approximately 452 sq ft.

13 Harborne Park Road is occupied by Fur Family Pets, producing £6,000 per annum.

The property provides approximately 283 sq ft of retail accommodation, together with a 336 sq ft office and 185 sq ft of storage, occupying a site of approximately 1,173 sq ft.

Gurpreet Bassi added:

“Properties in Harborne consistently generate strong investor demand due to the area’s excellent demographics, vibrant retail offering and proximity to Birmingham city centre.”

In line with the seller’s instructions, no offers will be considered prior to the auction, with all three properties to be sold under the hammer.

The Harborne investments 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.