Bond Wolfe bringing 12 more Birmingham City Council lots to July auction

Bond Wolfe, retained auctioneer of Birmingham City Council, is to offer a further 12 lots on behalf of the local authority in the next livestreamed auction on Thursday 11 July.

The sale of a selection of freehold properties, commercial investments and ground rents follows on from the successful sale of eight out of nine city council properties offered in Bond Wolfe’s May auction.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “The lots we are offering for Birmingham City Council will appeal to a wide variety of investors, ranging from those looking for solid returns to developers seeking sites with potential.”

A two storey detached former children’s home provides a substantial site with redevelopment opportunities, subject to planning permission.

The building at 55 Stevens Avenue, Birmingham, has latterly been used as a family office, comprising of offices, classroom and seven parking spaces. The property is offered freehold with a guide price* of £325,000+.

The site is located in Woodgate, close to the popular commuter suburb of Harborne.

Commercial investment and ground rent opportunities include 140 Hockley Hill, Birmingham, a freehold investment of land and industrial premises which is being sold with a guide price of £100,000+. It is subject to a 99 year lease from January 1978 with a ground rent of £4,100 with six year rent reviews.

The freehold of 29 Inkerman Street, Birmingham, is also being sold with a guide price of £20,000+. The site comprises land and industrial premises let on a 99 year lease from June 1988, subject to a peppercorn ground rent.

Next door, 30 Inkerman Street, Birmingham, the freehold interest on land and premises is also being sold, subject to a 99 year lease from September 1988, also with a peppercorn ground rent. It has a guide price of £55,000+.

Also going under the hammer is 32 New John Street West, Birmingham, available with a guide price of £55,000+, comprising land and industrial premises subject to a lease of 99 years from April 1973 with a ground rent of £2,200 per annum and reviews every 21 years.

And the neighbouring property, 34 New John Street West, Birmingham, is also for sale freehold, comprising land and industrial premises on a 99 year lease from April 1973 with a ground rent of £2,000 per annum, subject to reviews every 21 years. This has a guide price of £50,000+.

105 Saltley Road, Birmingham, is available as industrial land and premises being sold freehold, subject to a 125 year lease from November 1986 on a ground rent of £2,000 per annum, subject to reviews every 21 years. It comes with a guide price of £25,000+.

Commercial investment opportunities include 9 Whitmore Road, Birmingham, a freehold retail investment comprising a shop with living accommodation above currently producing gross income of £11,500 per annum. It has a guide price of £190,000+. The living accommodation includes two bedrooms, a living room, bedroom and bathroom on the first floor and two bedrooms on the second floor and the property is let on a 15 year lease which began in November 1997.

And 1C Walford Road, Birmingham, provides a freehold retail investment for a single storey premises let on a 16 year lease from April 2001 on an annual rental of £5,000, holding over. It is offered with a guide price of £125,000+.

Similarly, 448 Stratford Road, Sparkhill, Birmingham, is a freehold retail opportunity with a guide price of £550,000+.

It comprises a substantial three storey property with retail unit on the ground floor and residential accommodation on the first and second floors.

On the same street, 334 Stratford Road, Sparkhill, Birmingham, has a guide price of £185,000+ for a single storey retail shop with aluminium framed shop front and flat roof, situated on the corner of Stratford Road and Walford Road.

Finally, 539 Lichfield Road, Birmingham, is a single storey workshop of approximately 1,435 sq ft which is offered freehold with a guide price of £250,000+. It is subject to a nine year lease from March 2010 with an annual rental of £7,900 and three year reviews.

These properties offered on behalf of Birmingham City Council are among scores of lots that are appearing in Bond Wolfe’s next auction, which will start at 9am on Thursday 11 July.

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

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* 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: 

Craig Upton, Marketing Director,

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

0121 312 1212, cupton@bondwolfe.com

www.bondwolfe.com

Editors’ notes:

Bond Wolfe, now in its 41st year, has a record breaking and award-winning team with over 500 years of combined property experience. Bond Wolfe is a multi-disciplined property business specialising in property auctions and property agency. 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 seven auctions in 2024, the remaining ones on 11 July, 12 September, 24 October and 12 December as well as offering online auctions, selling properties nationally across the UK.