Birmingham High Street Investment Opportunity: £1 Million Auction for Acocks Green Retail Parade
A significant investment opportunity is emerging in Birmingham as a £1 million auction next month will provide bidders with the chance to own a substantial portion of a thriving high street. The commercial property parade, located on Warwick Road in the Acocks Green area, represents a prime retail investment in one of the city's established neighbourhoods.
Modern Retail Units with Established Tenants
The property consists of three contemporary retail units distributed across both ground and first floor levels, offering versatile commercial space in a prominent high street location. What makes this investment particularly attractive is the established tenant profile, with current occupants including national brands Greggs and Boyle Sports.
These established businesses together generate a combined annual rental income of £80,500, providing immediate revenue streams for the successful purchaser. The property benefits from practical features including a rear service yard with available car parking facilities, enhancing its commercial appeal for both current and potential future tenants.
Additional Development Opportunity
Alongside the main retail parade, auctioneers Acuitus are offering a separate parcel of open storage land at the rear of the property with a guide price of £40,000. This additional land currently generates £6,000 in annual rental income but presents potential for future development, subject to obtaining the necessary planning consents.
John Mehtab of Acuitus commented on the investment appeal, stating: "High Street retail parades remain popular with investors due to their diverse income streams and risk distribution, along with the potential for active asset management opportunities. The additional land parcel offers near-term development possibilities, subject to obtaining the required consents."
Auction Details and Bidding Process
The Acuitus auction is scheduled to take place on February 12 at 1pm, with multiple participation options available to prospective bidders:
- The auction will be broadcast via livestream on the Acuitus website
- Bidding can be conducted online through digital platforms
- Telephone bidding facilities will be available
- Proxy bidding options are offered for those unable to participate directly
This auction represents a significant opportunity for property investors seeking to acquire commercial assets in Birmingham's retail sector. The combination of established income streams, development potential, and prime high street location makes this Warwick Road property a noteworthy addition to the February auction calendar.
