Siddall Jones reports strong demand for Birmingham investments as Rocky Lane House is snapped up
Commercial property agent Siddall Jones has sold a landmark Birmingham mixed use office and retail development for £825,000.
Swali Investments & Holdings Ltd has purchased Rocky Lane House, a 6,332 sq ft office building which fronts Aston Cross Business Village.
The Birmingham-based property investment company intends to occupy the offices for its own use. Siddall Jones sold the building on behalf of Aston Cross 4 Holdings Ltd.
Ed Siddall-Jones, managing director of Siddall Jones, said: “There was keen interest in Rocky Lane House, demonstrating the continuing keen appetite for quality investment opportunities in Birmingham.”
David Swali, CEO at at Icare24 Group, said: “We are excited to announce the acquisition of Rocky Lane House as the new headquarters for the Icare24 Group.
“With its spacious and light-filled areas, Rocky Lane House offers an ideal office base for our team.
“We eagerly anticipate completing the design and development process by Estilo and moving into our new office this summer. This milestone signifies our commitment to growth and providing a dynamic work environment that fosters innovation and collaboration within the Icare24 Group.”
Rocky Lane House is a freehold two storey property which has recently refurbished office space of 3,186 sq ft with the ground floor comprising three retail units, all of which are let and self-contained.
It is located in Aston Cross Business Village in the Waterlinks area of Birmingham, within two miles of the city’ central business district and close the A38(M) Expressway, leading on to the national motorway network via Junction 6 of the M6.
Ed Siddall-Jones said: “Aston Cross benefits from excellent communication links to the national motorway network and offers high quality office accommodation with extensive car parking outside of the Clean Air Zone.
“The office element has recently undergone a comprehensive refurbishment and boasts an impressive ground floor reception area with two meeting rooms off, and kitchen, shower and toilet facilities also on this level.
“The first floor space comprises an open plan suite with toilets and fitted kitchen, and the development comes with extensive car parking.
“The demand for this kind of investment opportunity is clearly there and we are keen to speak to landlords seeking to maximise the value of their property assets.”
Law firm Knights plc acted for Aston Cross 4 Holdings Ltd.
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For further information, please contact,
Ed Siddall-Jones, Managing Director,
Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.
0121 638 0500
Prepared and issued by Andy Skinner, ASAP PR – 07990 978257.
Siddall Jones, which has offices in Birmingham and Dudley, was launched by Ed Siddall-Jones in 2012 and has grown steadily from one office to two and from one member of staff to six. In 2020, the firm was named Most Active Agent in the West Midlands in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine. In 2019, Siddall Jones was named Most Active Single Branch Agent by number of deals done by CoStar and was a Top Five finalist in the overall CoStar awards. In 2022, Siddall Jones was named the top commercial agent in the West Midlands in the EG Radius On-Demand Rankings. The firm brokered 156 deals including sales and lettings in 2021, almost double the number of the nearest rival.