Brownhills is proving increasing popular with retail investors according to property agents Bond Wolfe who have just completed the sale of 51 High Street – the first of five individual retail investment sales to complete on the parade, with three further sales pending.
The property at 51 High Street, Brownhills, which was acquired for £220,000, is let to the largest Costa Coffee franchise in the West Midlands on a ten year lease from March 2017, producing £17,500 per annum.
Bond Wolfe Agent Richard Horwell said: “This parade in a prominent location in Brownhills is proving particularly popular with investors.
“The opportunity to purchase 53 High Street, with The Salvation Army as sitting tenants, is still available and we would be happy to provide further details.”
Bond Wolfe has also launched a new venture in 2019 – Bond Wolfe Auctions – which will be based in newly refurbished offices on Colmore Row, Birmingham with further offices in West Bromwich and Wolverhampton.
Bond Wolfe’s Managing Director James Mattin is a director and shareholder of the new auctions business which will be led by chief executive Gurpreet Bassi and managing director Ian Tudor, who until recently were the heads of residential and commercial auctions respectively at the Bigwood auctions business.
Bond Wolfe Auctions will be selling a wide variety of residential, commercial, mixed use properties and land throughout the UK in its first auction at Villa Park on Wednesday 13 March.