Birmingham lots go under the hammer at London auction
A MIXED-USE residential and retail development in Birmingham together with a commercial scheme close to the city centre have been included among the lots at a property auction in London later this month.
Two attractive investment opportunities in Birmingham are being offered for sale at an auction in London later this month (November 21st), both on behalf of the Joint Fixed Charge Receivers.
The mixed retail and residential property in Coventry Road, Sheldon, which generates rental income of £14,800 per annum, is listed with a guide price £110,000. Offering buyers a potential return of nearly 13.5%.
The commercial property on Newtown Row, which is let mainly to Akzo Nobel (formerly ICI) until 2021, at a rent of £113,608 per annum, is guided at £950,000; a potential return of nearly 12%.
There are also vacant offices and a warehouse on the site, offering further opportunities.
The properties go under the hammer at the inaugural Eddisons London property auction, which takes place Le Meridien, 21 Piccadilly on November 21.
The catalogue contains a mix of commercial and residential investments, vacant buildings and development land, on behalf of receivers, liquidators, property companies and private individuals.
Simon Bailey, director and auctioneer at Eddisons, said: “I am very pleased with the response to our first ever London auction. The range of stock we have attracted should offer something for everyone.”
Eddisons currently holds 16 auctions annually in Leeds and Manchester and is staging its first Irish auction in Dublin on November 15.
