Investors eying up better returns for their money in Black Country properties

20th May

Income-producing commercial investments in the Black Country are proving popular as investors seek a real return on their capital.

Agents Bond Wolfe Commercial have just sold a freehold mixed use development at 51 High Street, West Bromwich, off an asking price of £300,000 to a private investor.

The property is one of a portfolio of investments that Bond Wolfe is selling, with a further six deals under offer.

James Mattin, chief executive of Bond Wolfe Commercial, said: “Sub-£500,000 income producing commercial investments are proving extremely popular as people are starting to park money in commercial real estate.

“They see this as the safest route to a return on their capital in the current climate.”

The fully-let property includes a ground floor shop with two flats above in a prominent and popular location. The combined total annual income is £23,918.

The ground floor tenant has been in occupation since 2004 and the two flats are let on assured shorthold tenancies.

Mr Mattin added: “There is a clear and immediate demand for investment opportunities in the Black Country and wider West Midlands and we are keen to speak to landlords considering putting their properties on the market.”

BusinessWorks Wocestershire & Black Country spring 2022 | BusinessWorks Magazine

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