Strong interest remains for High Street Retail Investments

Delighted to have completed the sale of an investment premises on High Street, Pelsall. The property which was let to an independent barber with self-contained residential accommodation above and marketed as an investment, has recently been sold following strong and competing interest from a wide variety of purchasers.

David Hemming, Head of Retail & Leisure Agency and Joint Managing Director, commented “Despite ongoing discussions about the challenges facing high streets today, our recent marketing efforts for this retail investment revealed strong demand, even in the heart of a suburban high street. This successful transaction highlights a notable exception to recent market trends, demonstrating that opportunity still exists in retail spaces”.   The property received multiple offers and was ultimately sold to the current tenant.

This follows hot on the heals of the sale of a further freehold retail property let on a long leasehold  basis and occupied by national operator - Vape HQ at 331 Chester Road Castle Bromwich, which sold for in excess of asking price.