Two Adjoining Birmingham Commercial Investments Sold By Bond Wolfe For £690,000

Bond Wolfe has completed the sale of two adjoining commercial investment properties within Birmingham’s sought-after Park Central development for a combined total of £690,000.

The properties at 79 Cregoe Street and 60 Mason Way, currently occupied by a convenience store and a fish and chip shop respectively, were acquired by a private investor.

Together, the assets generate a combined rental income of £46,000 per annum.

James Mattin, managing director of Bond Wolfe, said:

“These neighbouring investment properties proved highly attractive to local investors.

“Located within the well-established Park Central development, the properties benefit from a strong residential catchment and consistent footfall, supporting the ongoing success of both occupiers.

“Well-established, community-focused businesses such as these continue to offer reliable income streams, which remains a key driver for investor demand.”

Both units are situated within a five-storey residential apartment building forming part of the wider 61-acre Park Central scheme, located less than a mile south-west of Birmingham city centre.

The properties are held on long leaseholds of 150 years from 1 April 2003.

79 Cregoe Street comprises a 1,933 sq ft corner convenience store, let on a 15-year lease expiring November 2035, currently producing £28,000 per annum, with stepped increases to £36,000 per annum by 2030.

60 Mason Way extends to approximately 645 sq ft and is occupied as a fish and chip shop, let on a five-year lease expiring June 2026, generating £18,000 per annum.

Park Central is a major residential-led development created over the past two decades through a partnership between Birmingham City Council and private developers, offering a mix of private and affordable housing and a strong local community.

Vicarage Court Solicitors, Birmingham, acted for the seller, while the purchaser was advised by Mezzle Law, also based in Birmingham.