Bond Wolfe Auctions, the UK’s newest auction business, has won the contract to handle the disposal of Birmingham City Council’s surplus property and land assets.

The appointment will result in a number of lots being offered at auction with many already confirmed for the Thursday 9 May sale including a detached house in Fentham Road, Erdington, and a parcel of land in Runcorn Road, Sparkbrook.

There are a wide range of properties that the city council regularly disposes of, ranging from office blocks to former neighbourhood offices, and former educational facilities to development sites suitable for both residential and commercial uses.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This is a huge achievement for us and we are extremely proud to be able to represent Birmingham City Council as most of our team have deep roots in the city dating back generations.

“While we are a new business, our staff have over 250 years’ of combined experience in selling residential and commercial property and it is a major endorsement to have Birmingham City Council, the largest local authority in Europe, working with us.”

Managing director Ian Tudor added: “Everyone at Bond Wolfe Auctions is delighted at winning this contract and we will ensure that we get the maximum value possible for Birmingham and its tax payers.”

The new contract comes just weeks after Bond Wolfe Auctions raised a staggering £16.7 million in its first auction in Birmingham at Villa Park on 13 March when 103 lots out of 115 were sold, representing a sales success rate of 90%.

It was the most successful auction in the Midlands since May 2018 based on the amount raised and the most successful since December 2017 based on the percentage sold.

Bond Wolfe Auctions was launched in early 2019 by chief executive Gurpreet Bassi and managing director Ian Tudor who previously were the heads of residential and commercial auctions respectively at the Bigwood auctions business.

The team is now busy taking entries for its second auction of 2019 on Thursday 9 May. Any sellers or businesses looking to offer their properties, development sites or portfolios for sale by auction, should contact enquiries@bondwolfeauctions.com or call 0121 312 1212.

Ends (365 words)

* Each property is subject to a Reserve Price which may be different from the Guide Price.

For further information, please contact:

Suzanne Randell, Head of Marketing and Communications,

Bond Wolfe Auctions,

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

0121 312 1212

www.bondwolfeauctions.com

Twitter – @BondWolfeAuc

Prepared and issued by Andy Skinner of ASAP, 01789 490786, mobile, 07990 978257

Editors’ notes:

Bond Wolfe Auctions has a record breaking and award-winning team with over 250 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 six auctions in 2019 at Aston Villa FC as well as offering online auctions, selling properties nationally across the UK.