Deal Done on Retail Investment


News Full Image A retail warehouse investment in Halesowen has been bought for £1.625 million.

The 21,128 sq ft store situated on Long Lane, which is let to Towsure Products Ltd until May 2022, has been purchased by a private overseas investor.  It represents a net initial yield of 8.6%.

David Allen, of Holt Commercial – which has offices in Birmingham and Coventry, and Martin Bloomer, of Bulleys, acted in the deal on behalf of a local property company.

David said  “We are very pleased to secure this sale.  There was very strong interest from a number of private investors and it shows that there is still plenty of life in the market.  It represents a very good result all round and shows that there are lots of investors still looking to make the most of the strength of the market in this region.”

You are here: home
Connect with us