Leading commercial property agents Shepherd Commercial have brought Parkview Trading Estate, Kings Norton to market.

Industrial Estate On The Market

Birmingham based commercial estate agents Shepherd Commercial have put Parkview Industrial Estate, Kings Norton for sale with a price tag of £1,450,000.

The 25 year established firm have brought the site to market with five sitting tenants and a vacant unit, producing a yield with significant reversionary potential.

The established multi-let industrial estate extends to approximately 21,215 sq ft across eight units, with Units 1–3 occupied as a single demise and the remaining accommodation arranged as individual units.

The property is being offered as an investment opportunity with five sitting tenants and one vacant unit. A number of the existing occupiers are currently holding over following the expiry of their contractual lease terms, creating an opportunity for an incoming purchaser to undertake lease renewals and capture the estate’s significant rental reversion.

Significant Asset Management Opportunity

Parkview Trading Estate offers investors the opportunity to acquire an established industrial estate with considerable scope to actively improve the income profile.

The estate benefits from dedicated servicing and parking provision, including 49 car parking spaces, while the current tenancy position provides scope for an incoming purchaser to regularise leases and potentially increase rental income over time.

Shepherd Commercial Managing Director Kaine Arkinson said:

“Parkview represents an interesting opportunity to acquire a multi-let industrial estate in an established Birmingham location. “The combination of existing income, a vacant unit and a number of tenants currently holding over gives an incoming purchaser considerable scope to implement an active asset management strategy and capture the rental reversion available across the estate.

Established Kings Norton Industrial Location

The estate occupies a prominent position at 107 Pershore Road South in Kings Norton, with direct access from the A441.

The location provides convenient access to Kings Norton, Cotteridge, Stirchley and Bournville, with Birmingham city centre approximately six miles to the north. The A38 and M42 are also readily accessible, providing connections across the wider West Midlands.

Accommodation across the estate ranges from approximately 958 sq ft to 13,132 sq ft, with the largest accommodation comprising the combined Units 1–3. Unit 5, extending to approximately 1,119 sq ft, is currently vacant.