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PRIVACY
Commercial Property

£2m sale deal for Sutton Coldfield property

Home to wine warehouse and dental surgery has been snapped up by private investor

Arthur House in Sutton Coldfield has been bought for £2m

A mixed-use unit in Sutton Coldfield has been sold for £2 million.

Arthur House, in Mere Green Road, has been acquired by a private individual.

It was built in 2001 and provides a three-storey investment which is let to Majestic Wine, Arthur House Dental Practice and care provider Medinet Wales.

The property has a total floor area of 8,745 sq ft and a net income of circa £136,753 per annum.

Commercial property consultancy Burley Browne acted on the sale deal.

Joint managing director David Hemming said: "Opportunities to acquire an attractive prime mixed-use investment, in a strong affluent suburb such as Mere Green, are few and far between and we were not surprised to see it attract strong national interest.

"Acting on behalf of a local property investor, we were delighted to negotiate the sale of the property for a figure just below £2 million.