Sydenham Road sale is further evidence of demand for industrial investment
Demand for industrial investment opportunities in Birmingham continues to grow with the sale of another freehold business property by commercial property agents Siddall Jones.
A private purchaser has paid an undisclosed sum for an estate comprising a number of industrial warehouse, workshop and studio units on Sydenham Road, off Golden Hillock Road, close to the junction with the A45 Small Heath Highway.
The properties have a gross internal area of 25,387 sq ft, excluding communal and outside areas.
The estate, as a whole, was on the market for offers in excess of £900,000 and currently produces an annual rental income of £82,872.24. Competition resulted in the agents accepting best and final offers from several interested parties.
Ryan Lynch, associate director at Siddall Jones, said: “This is yet another deal that emphasises the solid demand for multi-let industrial investments across Birmingham and the wider West Midlands region.
“Demand is currently exceeding supply, and we are keen to source further investment opportunities for our clients and hear from both sellers and buyers looking for value in the market.”
Siddall Jones has been reporting an increasing demand for industrial investment opportunities throughout the pandemic and has seen interest increase as the lockdown has eased.
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