Investors target county commercial properties in race for better returns
Demand for investment properties in Worcestershire and Warwickshire is red hot as investors seek better returns for their money, according to Redditch-based commercial agents John Truslove.
Meridian Place, in Bromsgrove, an apartment complex of 15 properties, has been snapped up by a private investor for £1.45 million.
And Earlswood Trading Estate, a multi-let industrial estate totalling 42,500 sq ft, which was on the market for £2.6 million, is also under offer.
As is a £225,000 retail investment in Rubery.
Ian Parker, joint managing director of commercial property agents John Truslove, said: “Demand for solid, revenue producing, property assets is huge at the moment.”
He said the yields available on the investment properties that John Truslove is currently marketing outstripped any returns available from traditional savings accounts.
He added: “It tends to be the million pound plus investment sales that generate the headlines, but there are properties available to suit all budgets.”
The flood of new investment opportunities becoming available via John Truslove is testament to the firm’s growing national reputation. The firm celebrated 40 years in business in 2022.
For the year 2021, joint managing director Ben Truslove was ranked second most successful dealmaker in the UK in the 2021 EG Radius On-Demand Rankings. He negotiated 89 sales and lettings during the year in a top ten dominated by partners from all the UK’s leading property agencies. He was the top industrial and commercial property agent in the West Midlands.
The agency, John Truslove, came first in Worcestershire and third in Warwickshire.
It follows on the success from 2020 and 2021 when the firm was named Most Active Agent in Worcestershire for two years in a row in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine.
The result has been an explosion of investments offered by John Truslove, as the market recognises the firm’s local and regional knowledge and ability to achieve results.
Currently, they include a stand-alone 23,303 sq ft industrial property at 19-20 Bartleet Road in Redditch, which is let to Muller UK at £115,000 per annum, which has just come on the market for £1.75 million, a potential yield of 6.5%.
Also in Redditch, John Truslove is marketing at multi-let industrial estate totalling 11,802 sq ft at 2-4 Windsor Road, Redditch, for sale at £850,000.
Grosvenor House, Bromsgrove, a mixed office and retail investment, is on the market for £775,000.
Also in Bromsgrove is a mixed retail and residential investment at 203 Birmingham Road, Bromsgrove for sale for £175,000.
And 127 Worcester Road, West Hagley, a fully fitted restaurant with offices above is on the market for £825,000.
Ian Parker added: “If you’re considering investing in property, please contact us to discuss the pros and cons of the various sectors and help identify matching you with opportunities which will best fit your requirements.”
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