Greville House

Acting on behalf of MIA Properties MK2 has advised on the acquisition of a prime retail parade with multi-let retail and office scheme in Knowle, Solihull. The ground floor retail is let to William Hill, Ripples Bathrooms and a florist with various professional service companies occupying the upper floor office. The property produces a rent of £109,650 pa rising to £114,786 in 2014 and £118,625 in 2015.

The purchase price was £1,150,000 reflecting an initial yield 9.01%.