Midlands based property company Grevayne Properties has sold a prime £6.1m investment to Real Estate Investors Plc.
The mixed use property which is located at Maypole, Birmingham produces an income of £471,875 per annum and provides six ground floor shops comprising approximately 16,179 sq ft with a 60 bedroom Travelodge Hotel above.
Principal occupiers of the shops are Wilko, Ladbrokes, Halfords, Subway and KFC.
Ramsdens acted for Grevayne Properties. Real Estate Investors were represented by Bond Wolfe.
