Birmingham City Council ground rents to lead off Bond Wolfe’s next auction

Bond Wolfe will be selling over £1 million worth of commercial ground rent lots on behalf of Birmingham City Council in its next livestreamed auction on Wednesday 21 July.

The ground rents on five freehold commercial units have guide prices* from £125,000 up to £250,000, and will be the first five lots of the day.

First to go under the hammer on the day will be 86 Lord Street in Birmingham, a two storey unit with a guide price of £125,000+.

A guide price of £225,000+ has been given to 160 Hockley Hill, and 70 Summer Lane, has a guide price of £250,000+.

For 110 Bissell Street, Birmingham, the guide price is £200,000+, with 10 & 10a Eyre Street, having a guide price of £225,000+.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “We are delighted to be the appointed auctioneer to Birmingham City Council, and we are pleased to be able to offer such a strong selection of assets at a time when the Midlands commercial property market is very busy and lots like these are much in demand.

“Selling at auction enables local authorities and organisations such as Birmingham City Council, City of Wolverhampton Council, Sandwell Metropolitan Borough Council and Walsall Council to achieve open and transparent results with the price agreed when the hammer falls and payment into the council coffers within 28 days.”

The Birmingham homes are just a few of the 248 lots listed in Bond Wolfe’s next auction which starts at 8.30am on Wednesday 21 July.

The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only, and bidders must pre-register no later than 12 noon on Tuesday 20 July.

More details are at www.bondwolfe.com/property-auctions-west-midlands/, or email auctions@bondwolfe.com, or call 0121 312 1212 or 01902 928 510.

Ends (300 words)

* Each property is subject to a reserve price which may be different from the guide price.  Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.

For further information, please contact:

Suzanne Randell, Joint Managing Director, Auctions

Bond Wolfe, 1st Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 312 1212

Editors’ notes:

Bond Wolfe has a record breaking and award-winning auctions team with over 300 years of combined property experience. They sell all types of residential, commercial and mixed-use property, investments and land/development sites for private individuals and corporate clients. They will hold at least seven auctions in 2021, as well as offering online auctions selling properties nationally across the UK.