A significant section of Acocks Green High Street is poised to go under the hammer at an upcoming commercial property auction, presenting a notable investment opportunity in this Birmingham suburb. The property, which carries a guide price of £1 million, will be featured in the Acuitus auction scheduled for February.
Property Details and Investment Potential
The lot comprises three contemporary retail units spread across both ground and first-floor levels, offering versatile commercial space in a bustling high street location. Currently, the premises are tenanted by well-known national brands Greggs and Boyle Sports, which together provide a combined annual rental income of £80,500. This established income stream adds to the property's appeal for prospective investors.
Additional Land Parcel and Amenities
In addition to the retail units, the property benefits from practical rear amenities including a service yard with dedicated car parking facilities. Separately, a parcel of open storage land at the rear of the property is also being offered at the same auction. This land has a guide price of £40,000 and currently generates £6,000 in annual rental income, presenting potential for future development subject to necessary consents.
Expert Commentary on the Sale
John Mehtab of JPES Partners commented on the sale, highlighting the enduring appeal of high street retail parades to investors. He noted, "High Street retail parades are popular with investors for their variety of income and diversity of risk, along with prospects for active asset management opportunities." Regarding the additional land parcel, he added, "While the parcel of land to the rear offers near-term development opportunities, subject to consents."
Auction Logistics and Participation
The Acuitus commercial property auction is scheduled to take place on February 12th at 1pm. The event will be broadcast via livestream on the Acuitus website, accommodating various bidding methods to ensure broad participation. Interested parties can place bids online, by telephone, or through proxy arrangements, making the auction accessible to a wide range of potential buyers.
This sale represents a significant commercial property transaction in the West Midlands, offering investors a chance to acquire established retail premises with reliable tenants in a prominent Acocks Green location.
