14-16 & 19-20 Bissell Street & 186 Barford Street, Digbeth, Birmingham, B5 7HP
Franck Steier Price has recently completed the sale of a multi let industrial & workshop investment on the edge of Birmingham city centre in Digbeth. The sale was on behalf of a private pension fund.
The property comprised buildings of varying ages providing industrial, workshop and storage units with a suite of small first floor offices
The property was 98% let to nine tenants, with one small office suite vacant. The overall rent was £74,134 per annum, an average of £3.89 per sqft.
The investment sold for £625,000 which reflected a net initial yield of 11.28%.
The property was purchased by a private client of LSH.