A retail unit in a Birmingham suburb has been sold for £680,000.
The property at 182-184 High Street, Harborne, has been acquired by a private investor.
The unit is let to café Coffee Tales on a ten-year lease at a rental income of £50,000 per annum.
The sale was brokered by Jewellery Quarter-based property agency Siddall Jones.
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Managing director Ed Siddall-Jones said: "We received multiple offers for this property, reflecting the high level of interest in commercial assets with long-term income streams.
"This sale underlines the ongoing demand for secure retail investments in prominent locations.
"Despite some uncertainty in the broader market, there remains a robust appetite for commercial properties that offer stable, long-term returns.
"Buyers are increasingly focused on properties with solid leases, such as this one, which was highly appealing due to its established tenant and attractive location."
He said the firm had noted demand for commercial investments was especially strong among cash buyers.
"Many of these investors are turning away from the residential market which has faced new challenges, including the recent changes in stamp duty announced in the Budget," Mr Siddall-Jones added.
"These revisions have made residential investment less attractive, driving a notable shift in focus toward commercial properties which continue to offer reliable income streams and appealing growth potential."
