Property agent secures sale of prime high street retail land in Harborne

Property agent Siddall Jones has successfully brokered the sale of 182-184 High Street, Harborne, a prime retail investment property, for £680,000.

This sought-after property was secured on a 10-year lease to Coffee Tales at a rental income of £50,000 per annum, attracting considerable interest from investors drawn to the stability of High Street retail assets.

Ed Siddall-Jones, managing director of Siddall Jones, said: “We received multiple offers for this property, reflecting the high level of interest in commercial assets with long-term income streams.

“This sale underlines the ongoing demand for secure retail investments in prominent locations.

“Despite some uncertainty in the broader market, there remains a robust appetite for commercial properties that offer stable, long-term returns.

“Buyers are increasingly focused on properties with solid leases, such as this one, which was highly appealing due to its established tenant and attractive location.”

He said they had noted that the demand for commercial investments is especially strong among cash buyers.

“Many of these investors are turning away from the residential market, which has faced new challenges, including the recent changes in stamp duty announced in the budget last week.

“These revisions have made residential investment less attractive, driving a notable shift in focus toward commercial properties, which continue to offer reliable income streams and appealing growth potential.”

As a leading independent property consultancy with extensive expertise in Birmingham and the wider West Midlands area, Siddall Jones has been at the forefront of brokering high-value sales, helping clients capitalise on market opportunities.

Mr Siddall-Jones added: “This recent sale demonstrates not only the strength of the High Street retail sector, but also Siddall Jones’ commitment to meeting the needs of both sellers and buyers in an evolving commercial property landscape.”

Siddall Jones is currently the leading dealmaker in the West Midlands, according to the Q3 results reported by industry bible EG Radius.

The firm has also recently been appointed to the panel for Birmingham City Council’s property disposals and was named the West Midlands’ top dealmaker in2023 in the national EG Radius rankings.