Mixed Use Investment Property - Sale Completes
Burley Browne are delighted to announce the sale of Lambourne House which is situated on Bridge Cross Road in Burntwood, some 4 miles to the west of Lichfield City Centre.
The transaction reflects an investment sale of a mixed use parade including 5 retail units and 6 first floor residential flats together with a large car park to the rear.
The property is predominantly situated near to the junction between Bridge Cross Road, Sycamore Road and the A5190 bypass and is within a short walking distance of Burntwood High Street adjoining the recently constructed Aldi Superstore.
This area of Burntwood has seen a significant rise in commercial, residential and infrastructure development recently to include Morrisons Supermarket, the Burntwood bypass (A5190) together with the ongoing Burntwood Manor residential redevelopment by Barratt Homes and Taylor Wimpey.
Ben Nicholson comments "This transaction was an excellent result and one which reflects the continued demand for investment opportunities. Burley Browne has experienced a marked increase in the number of freehold sales of commercial premises since the start of the year which has attracted enquiries from all over the Country. The sale of Lambourne House shows the continued interest for freehold investments and follows similarly styled investment sales in Walsall and Darlaston. Despite uncertainty with Brexit this has not dampened demand and enquiries remain strong".
For further information with regard to any commercial property matters you have, please contact Burley Browne on 0121 321 3441 or via our website at www.burleybrowne.co.uk
Kingstons CPC acted as joint agents.