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Retail News
The Birmingham office of leading property consultancy, FHP, has completed the investment sale of a property in the city following a discreet marketing campaign.
1118 Warwick Road in Acocks Green, which is tenanted by British Heart Foundation, was sold to a private individual for a figure in excess of the asking price having attracted multiple offers.
Ben Clinton, surveyor at FHP’s Birmingham office, said that the company was pleased to have achieved a positive result on behalf of all parties involved.
He said: “We are delighted with the outcome of this transaction. We received significant interest in the premises and due to the confidentiality of the sale, implemented a targeted marketing campaign with those prospective purchasers, many of whom we remain in contact with. We understand that the buyer is extremely happy to have completed the deal and we look forward to working with them again in the future, to support the growth of their portfolio.”
The investment sale was one of two recent transactions that FHP has completed in south Birmingham. The firm has also re-geared the Savers’ lease at nearby 1126 Warwick Road, Acocks Green.
Ben commented: “Having just completed on the investment sale at 1118, we also completed the lease renewal at 1126 Warwick Road, occupied by Savers. Both transactions further demonstrate the activity and level of demand for commercial property in Acocks Green.”
If you are a commercial landlord and wish to discuss how FHP can help you with the sale, letting, lease renewal or rent review of your premises, please contact Ben Clinton on 07929 673 232 or email ben.clinton@fhp.co.uk.