Former Bawtry Carbon site snapped up in two weeks

Watling Real Estate has acquired a 57 acre property in South Yorkshire for an undisclosed sum on behalf of private clients.

The site, formerly a brickworks, more recently housed Bawtry Carbon Ltd which manufactured carbon cathode blocks for the aluminium smelting sector.

The business was placed into administration on 31 January this year with the loss of more than 100 jobs after efforts to sell the business failed.

The new owners have acquired the entire site, along with Bawtry Carbon’s plant and machinery.

Alex Sweetman, a director of Watling Real Estate’s Leeds office, said they had moved swiftly to conclude a deal on behalf of their clients.

“We were able to complete the transaction in just two weeks. This site is a fantastic opportunity for our clients. It is a large scale brownfield site located in the residential community of Austerfield and Bawtry.

“Our clients showed commitment and were able to move quickly to close the deal, illustrating the confidence we’re seeing in the current market for well-located assets with potential. Moving forward, we look forward to working with our clients with on forthcoming plans for the property.”

The site has an extensive frontage to the village High Street in the centre of Austerfield, near Bawtry in South Yorkshire.

It is approximately nine miles from Doncaster and within 5.2 miles of the A1(M) Junction 34 at Blyth, leading on to the national motorway network. Doncaster Sheffield Airport is less than five miles away at Finningley and Doncaster Railway Station with East Coast mainline connections is ten miles distant.

Law firm Clarion Solicitors represented the purchaser with Pinsent Masons acting for the vendor.

Ends (272 words)

For further information, please contact:

Alex Sweetman, Director, Watling Real Estate, One The Embankment, Neville Street, Leeds, LS1 4DW

alex.sweetman@watling.com

Issued by ASAP PR – 07990 978257

Editors’ Note

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/

Leaseholders must seek freeholder permission before making alterations

Principle Estate Management has warned leaseholders that they must obtain what’s known as a Licence for Alter (LTA) before making any changes to their homes.

Richard Coles, an associate director at Principle who oversees the managing agent’s building surveying, explained that without permission from the freeholder, leaseholders could be in breach of their lease.

Mr Coles said: “All leaseholders should submit documents for the freeholder’s approval prior to any works and we will then process for approval and sign off on behalf of the freeholder.

“The first steps is that any leaseholder should approach the property’s managing agent with details of the work that they wish to undertake for review by the building surveying department.

“If an LTA is required, full details of the proposed works, including a full specification and any detailed drawings, must be prepared and submitted for review by the managing agent’s surveyor.

“At this point, a solicitor may be needed to draft the licence.

“Once all the documentation is submitted, a site visit will be arranged so that the surveyor can consider the proposals on site and prepare a schedule for any adjoining properties that might be affected by the works.

“The managing agent can review the works planned, discussing them with the freeholder, and at this stage they may request for additional information from the leaseholder.

“During the works, the managing agent’s surveyor will visit from time to time depending upon the complexity of the works and will make a final inspection upon completion.

“But the important thing for leaseholders to bear in mind is that they may find themselves in breach of their lease if they make alterations to the property without getting freeholder consent.”

Mr Coles added: “The golden rule is to always consult with the managing agent to ascertain if an LTA is required.”

Launched in 2018, Principle now has more than 65 staff looking after a portfolio of more than 12,000 units at around 375 developments across the UK.

Ends (328 words)

For further information please contact:

Alanis Griffin

Principle Estate Management LLP, 137 Newhall Street, Birmingham B3 1SF

Tel: 0121 289 4315

Email: AGriffin@PrincipleEstate.co.uk

www.PrincipleEstate.co.uk

https://www.linkedin.com/company/principle-estate-management/

Editors’ notes:

Operating from offices in Birmingham and central London, Principle is a forward-thinking, people-focused managing agent providing professional property management services nationwide. Founded in 2018 and led by experienced Chartered Surveyors, Principle’s vision is to positively impact the everyday lives of its communities. The company manages modern apartment buildings, traditional blocks of flats, mixed use developments, private housing estates and private rented sector (PRS) or build-to-rent (BTR) developments, as well as portfolios of rented properties for residential or commercial landlords.

 

Seven valuable freeholds owned by Birmingham City Council up for auction

Bond Wolfe is continuing to help Birmingham City Council raise crucial funds by selling a range of valuable freehold interests in its next livestreamed auction on Wednesday 27 March.

The sale of seven of the authority’s ground rents that are likely to interest bidders keen on investments comes after Bond Wolfe raised nearly £4 million from 25 lots sold for the authority in its last auction in February.

The freehold commercial ground rents on offer include a property hosting a waste and recycling company at 64 Cato Street in Duddeston, which will have a guide price of £430,000+.

Astar Waste Ltd pays ground rent of £17,500 a year for these premises, with rent reviews every seven years on a 99-year lease with around 56 years remaining.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “This is a prime example of a freehold ground rent that can provide a healthy and steady income for investors.

“We are pleased to be the continued choice as a retained auctioneer for Birmingham City Council to help raise substantial prices for parts of its property portfolio, and we are anticipating high demand for these lots.”

Another valuable lot in Duddeston is the freehold interest on a property hosting a popular café at 212 Thimble Mill Lane, which has a guide price of £170,000+.

The Black Country Kitchen pays ground rent of £8,950 a year for these premises, with rent review every five years on a 99-year lease with around 59 years remaining.

Over in the Jewellery Quarter, the freehold interest secured on industrial land and premises at 91 Buckingham Street is in the auction, with a guide price of £215,000+.

A business is paying ground rent of £8,000 a year for this property, with rent reviews every seven years on a 125-year lease with around 87 years remaining.

The freehold interest with a guide price of £190,000+ is also available on a nearby property at Richmond House, at 32 Park Road in Hockley, which hosts The New Parklands, a well-known banqueting suite.

This business is paying ground rent of £4,200 a year with rent reviews every seven years, on a 99-year lease with around 58 years remaining.

Over in Small Heath, the freehold interest in a property hosting an MOT centre at 80 Grange Road is up for sale, with a guide price of £100,000+.

Spectrum Training Services is paying ground rent of £4,200 a year with rent reviews every seven years, on a 99-year lease with around 60 years remaining.

Two more lots of freehold interests include ground rent of £2,000 a year, with rent reviews every seven years, for a property at 253-255 Great Lister Street, Duddeston, with around 108 years remaining on a 125-year lease. This guide price is £95,000+.

Also coming with a guide price of £95,000+ is the freehold interest in a property at 8 Bullock Street, Duddeston, with ground rent of £2,000 a year and rent reviews every ten years, with around 107 years remaining on a 125-year lease.

The council freeholds number just seven of what will be scores of lots appearing in Bond Wolfe’s next auction, which will start at 9am on Wednesday 27 March.

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.

Ends (559 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, Operations Director,

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

0121 312 1212, SRandell@Bondwolfe.com

www.bondwolfe.com

Twitter – @BondWolfe

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 27 March, 16 May, 11 July, 12 September, 24 October and 12 December as well as offering online auctions, selling properties nationally across the UK.

Watling Real Estate brings Doncaster Enterprise Park to market 

Watling Real Estate has been appointed by administrators to market Doncaster Enterprise Park, a freehold 6.4 acre development site intended to provide 64 industrial units and potentially hundreds of jobs for the city.

The land lies in an established commercial area along Wheatley Hall Road.

James Bunce, a surveyor in Watling’s Leeds office, said: “We’re delighted to bring the opportunity to market and expect a buoyant level of interest in what will be one of the area’s major development sites lying on the fringe of the city centre.

“With its location just three miles from Junction 4 of the M18 and six miles from Junctions 30 and 37 of the A1 (M), the units planned for the site will suit those seeking fast access to the motorway network.

“It’s encouraging that the development opportunity is being actively promoted by City of Doncaster Council and is included as an employment site within its Local Plan.

“We are seeking expressions of interest on both a conditional and unconditional basis. We’re asking all prospective developers to register their interest with Watling as soon as possible.”

Further details are available https://watling.com/property/223020/ or by emailing James Bunce on james.bunce@watling.com

Watling Real Estate was created on 1 June 2023 by a management buyout, supported by Bassi Capital, of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol.

Ends (237 words)

For further information, please contact:

James Bunce, Watling Real Estate, One The Embankment, Neville Street, Leeds, LS1 4DW

james.bunce@watling.com

Issued by ASAP PR – 07990 978257

Editors’ Note

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/

Only three remain as buyers snap up brand new Ombersley homes

A new collection of 45 homes in the picturesque Worcestershire village of Ombersley has proven so popular with home buyers that only three properties now remain.

Heather Turner, New Homes specialist at selling agents Nicol & Co., said that Faber, a new scheme by award-winning Spitfire Homes in Woodhall Lane, had attracted a wide range of buyers to the stylish range of two to four bedroom homes.

“We’ve had enquiries from a wide range of buyers, from those looking to buy their first home, families, or people aiming to downsize. Faber really has the broadest appeal to the market.”

New resident Jayne Burbidge first saw what Spitfire Homes was set to develop at Faber online and purchased her home off-plan. She already knew she loved Ombersley, the village location and its local amenities.

She was looking to downsize in preparation for retirement and the idea of no maintenance, less housework and lower utility bills attracted her to a new two-bedroom Prestwold home at Faber.

“The location and build quality really appealed, plus a friend of mine had bought a Spitfire home in the Cotswolds and loved it,” she said.

She paid tribute to both the staff at Nicol & Co., and Emily, sales consultant at Spitfire Homes who she said were exceptionally helpful to respond to any questions she had, and Gary Lever, senior site manager at Faber and the wider site team who were very supportive.

“I can’t fault the process. All the staff involved were amazing and I love it here.

“Definitely the best decision I have ever made. No regrets and highly recommended!”

The three remaining properties for sale can be seen at https://www.nicolandco.co.uk/developments/faber/

They include No. 45, The Woodchester show home, a detached four bedroom home with a detached double garage and additional upgraded items. The show home benefits from fixtures and fittings included.

No. 22, The Chalfont, a four bedroom detached home with garage, and No. 17, the Broxton, a three bedroom semi-detached home with two parking spaces.

All homes on Faber benefit from air source heat pumps, underfloor heating to the ground floor, electric vehicle charging points, bespoke fitted wardrobes to the primary bedroom and a wealth of open green space.

To book an appointment with the New Homes team at Nicol & co, email: newhomes@nicolandco.co.uk or call on 01905 930404.

Ends (387 words) 

For further media information or interviews, please call: 

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 799072

Notes to Editors

Established in 2009, Nicol & Co is an award-winning estate agency offering advice on sales, lettings, new homes and land purchase. The company combines the latest in digital media with traditional high street courtesy and service to provide the perfect blend of old and new technology.

Prepared and issued by ASAP PR – 07990 978257.

DM & Co. Homes welcomes West Midlands Mayor to launch Wain Homes’ brownfield development at The Green

Wain Homes’ Severn Valley region has welcomed West Midlands Mayor Andy Street to officially launch a brownfield site where Solihull agent DM & Co Homes has been retained to sell a range of 109 new residential properties.

The Mayor paid tribute to Wain Homes for choosing to develop The Green in Shirley on the location of what was the ex-Lucas Industries building, known latterly as the TRW Technical Centre, which is a brownfield site.

Work has already started on the six acre site at The Green which is situated on the main A34 Stratford Road commuter route into Birmingham from the M42, with the show homes and sales office now open.

Andy Street said: “I have been constantly campaigning to ensure that derelict and disused brownfield sites are targeted for development before cherished Green Belt.

“That’s why I am particularly pleased to be able to see for myself what Wain Homes have set out to achieve on a redundant former office site that has been unused for years. I cannot think of a better use for this site in such a good location.

“The Green will provide much needed new homes from apartments for first time buyers to families looking to grow into three and four bedroom homes. There really is something for everybody at The Green.”

Sophie Gwynne, New Homes sales manager at DM & Co. Homes, said they were already taking off-plan reservations on the first tranche of homes that have been released, with lots of excitement surrounding the new development.

“We are proud to have been appointed by Wain Homes to act as their sole selling agents in what is an ever popular area of the Birmingham and Solihull conurbation. The Green is a creative and innovative project to regenerate a brownfield site and create new, energy efficient and sustainable community for the future.”

Carl Haley, managing director of Wain Homes’ Severn Valley region, said: “Through our fantastic houses, Wain Homes will add value to local communities by regenerating historic older areas, such as here in Solihull.

“We are providing a wide range of homes, from those seeking their first time home, to downsize, or looking to move up to one of our three or four bedroom family homes.”

Dominic Murphy, managing director of DM & Co. Homes, said: “Wain Group is one of the UK’s largest private residential developers, aiming to enrich areas to make them better spaces for everyone to live.

“We are proud to have been appointed by Wain Homes to act as their sole selling agents in what is an ever popular area of the Birmingham and Solihull conurbation.

Prices will range from £330,000 for the two bedroom home, £390,000-£465,000 for the 3 bedroom properties and £490,000-£530,000 for the four bedroom executive properties. Prices for the apartments are yet to be confirmed.

Further details are available from https://www.wainhomes.co.uk/developments/the-green/ or by contacting Sophie Gwynne on sophie.gwynne@dmandcohomes.co.uk or call the Solihull office on 0121 775 0101.

Ends (530 words)

For further information, please contact:

Dominic Murphy, Managing Director, DM & Co. Homes

T: 01564 777 314 E: dominic.murphy@dmandcohomes.co.uk

Unit 2, Forest Court Shopping Centre, Dorridge, Solihull, B93 8FG www.dmandcohomes.co.uk

Editors’ notes:

DM & Co. Homes is a local, independent estate agent covering Solihull, Dorridge, Lapworth, Tanworth-in-Arden and the surrounding areas.

In 2023, DM & Co. Homes was named in the top 5% of UK estate agents after being recognised as “Exceptional” in the annual Best Estate Agent Guide Awards in both the Sales and Lettings categories.

The company has traditional high street offices at The Forest Shopping Centre, Station Road in Dorridge and at The Pavilions, Cranmore Drive in Solihull, along with a recently launched Land and New Homes division that is quickly growing.

It has made a major investment in its head office, based on Cranmore Drive, where its land & new homes, lettings, financial advisors, sales progressors and administration teams are based.

DM & Co. Home’s media team also operates from the Cranmore Drive offices, providing photography, video and content planning that attracts more than 100,000 views a month via YouTube, Facebook and Instagram.

Wain Homes

Wain Homes is part of Wain Group, one of the UK’s leading privately-owned development companies based in Warrington, Cheshire.

There are two principal businesses within the Group:

  • Wain Homes-a volume housebuilder with regional headquarters in Warrington, Bristol and Exeter.
  • Wain Estates – a strategic land company with national coverage based in Warrington.

The Group celebrated its 50th anniversary in 2022, having been founded in 1972 with the incorporation of William Ainscough Developments. For the Financial Year End October 2023, the Group produced a turnover of £306 million, employed more than 300 people and built 1,028 homes.

Watling Real Estate selling 25 pubs in Yorkshire and North East

Following the appointment of joint administrators Ryan Grant and Howard Smith of Interpath Advisory to the Milton Portfolio Op Co 3 Ltd in November last year, the joint agents Watling Real Estate and Avison Young have launched a widespread marketing campaign of the 25 pub portfolio.

The 25 pubs located across the North-East and Yorkshire have remained open following the appointment and have benefitted from a busy trading period over the festive season.

The agents report a significant level of interest from national, regional and individual operators in response to the widely publicised appointment of administrators.

Alex Sweetman, director at Watling, added: “We look forward to progressing our campaign over the coming weeks and have developed a supporting website and accompanying data room to provide prospective parties with key property and trading information. Please contact either Avison Young or Watling Real Estate for access to the online portal.”

The 25 pubs are located across the North-East and Yorkshire and comprise 21 freeholds and four long leaseholds.

The full list of pubs includes:

Black Bull, East Boldon

Black Bull, Morpeth

Britannia, Houghton-Le-Spring

Courthouse, Barnsley

Cross Keys, Washington

Crown, Wickham

Elephant, Ashington

Greens, Sunderland

Guide Post Inn, Springwell Village

Lambton Arms, Chester Le Street

Millstone Hotel, Gosforth

New Inn, Wetherby

Old Lloyds Arms, Grimsby

Ox Inn, Oxhill

Porter Cottage, Sheffield

Prior, Sunderland

Priory, York

Red Lion, Wakefield

Ship & Royal, South Shields

Smiths Arms, Billingham

Sun Hotel, Shipley

Townhouse, Whitley Bay

Victoria, Whitley Bay

Whistle Stop, Beeston

White Bear, Barnsley

Ends

Issued by Andy Skinner – ASAP PR – 07990 978257

For information, contact; Alex Sweetman, Director, Watling Real Estate, One The Embankment, Leeds, LS1 4DW

Watling Real Estate

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/

 

Bond Wolfe brings Stowmarket residential development site to market

Commercial property agents Bond Wolfe are selling a major residential development site with planning permission for 93 apartments in the Suffolk town of Stowmarket.

Offers based on £800,000 are invited for the 0.8 acre freehold plot of land to the east and west of Prentice Road, Stowmarket.

James Mattin, managing director of Bond Wolfe, said: “Stowmarket is a bustling and popular market town, midway between Ipswich and Bury St Edmunds, and sitting on the main Norwich to London rail line.

“We are delighted to have been instructed to sell this prime residential development site, east and west of Prentice Road, adjacent to Stowmarket Train Station and about a quarter of a mile from the town centre.

“There are extensive housing developments under way in the town and a large rural catchment.

“The site comprises two parcels of vacant land and there is planning permission for two apartment blocks.

“The proposal is for 55 apartments within residential building A, to the West of Prentice Road, south of the recently developed 75-bed Langham Manor care home, and 38 apartments in residential building B.”

Mr Mattin added: “The site is ready for immediate development and unconditional offers are invited based on £800,000. Purchasers seeking to develop an alternative scheme are invited to offers in excess of £1.1 million on a subject to planning basis.”

Stowmarket has a population of around 19,000 and its town centre contains a wide range of national and local retailers, restaurants and public houses. Additionally there are a variety of leisure facilities and clubs in the town and surrounding areas.

Junction 50 of the A14 is circa 1.5 miles away, providing access to Ipswich and the port of Felixstowe to the East and Bury St Edmunds and Cambridge to the West. The A12 and M11 can both be accessed from the A14.

Plans granted full permission in September 2020 propose two apartment buildings with associated car parking and amenity space. Building A would comprise 12 single-bed apartments and 42 two-bedroom apartments. Building B would have eight single-bedroom apartments and 30 two-bedroom apartments.

Within the consented scheme, provision is made on the upper ground floor for two communal common rooms. These rooms will provide flexibility as to their future use, but could, if demand required, be utilised as a library and gym.

Under-croft parking will provide 98 spaces across the two blocks, with six reserved for disabled parking.

For more details, see https://cdn.eigpropertyauctions.co.uk/ams/images/489/auction/0/45130b70-3e40-46ff-81d8-eada13e8b5d5 , call James Mattin on 0121 525 0600 or email jmattin@bondwolfe.com.

Ends (414 words)

For further information, please contact:

James Mattin, Managing Director, Agency,

2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 525 0600 or 0121 524 1172, Email: jmattin@bondwolfe.com

www.bondwolfe.com

Issued by Andy Skinner, ASAP PR, mobile 07990 978257.

Editors’ notes

Bond Wolfe is an established commercial property practice based in Birmingham. Its services include commercial property sales and lettings, auctions, investment, development and property management throughout the UK.

£1.1 million paid for large Midlands canal marina sold prior to auction, thanks to Bond Wolfe

The interest from potential buyers in a large Midlands canal marina was so strong that Bond Wolfe property agency sold it for £1.1 million a day before its planned auction.

Fenny Marina is on the southern arm of the Oxford Canal at Station Fields in Fenny Compton, near Southam in Warwickshire, with 85 boat berths, a three-bedroomed bungalow and extensive outbuildings.

Bond Wolfe listed the property with a guide price* of £950,000+ in its livestreamed auction on Thursday 8 February, but after multiple enquiries and competitive offers it was sold 24 hours before the auction took place.

The new owners are Crafted Boats Ltd, a family-owned firm of specialist boat builders and repairers based in Bromsgrove, founded in 1953.

James Mattin, managing director and auctioneer at Bond Wolfe, said: “It was a pleasure acting for our client for whom we have successfully sold the marina.

“He can look forward to a well-earned rest after many years ownership and we are very pleased for the purchasers Crafted Boats Ltd, the ideal party to take the marina on to the next level.

“This is a perfect example of our unique hybrid open market and auction offering working in tandem.

“Our comprehensive marketing campaign coupled with the target of a specific auction date focused the minds of seriously interested parties, resulting in a pre-auction sale for well over the guide price.”

Fenny Marina is an established inland waterway marina originally developed in the 1970s with various income streams and the prospect of more if the business is developed.

The dry dock is a separate business that pays £1,250 in rent per month to the marina, with additional income from diesel, LPG, pump-out, waste disposal and chandlery sales.

Aaron Pinder, a director of Crafted Boats Ltd, said: “We want to thank James for all his help and time, as we don’t think this would have happened without him.

“Our plan for the marina is to continue to operate the mooring and services but to look at improving the facility.

“We will also be offering, as we do at our other sites, repaint jobs, hull and top side work, grit blasting and epoxy coating, pressure wash and blacking, plus engine repairs, to name just a few of our services.”

The marina is approached via a recently resurfaced private driveway with electric security gates leading to a car park, with the marina basin beyond.

The office, chandlery and stores face the canal towpath with the dry dock and bungalow at the southern end of the basin.

The entire property extends to around 6.12 acres, while the marina basin itself taking up approximately 4.46 acres with direct access to the canal and a fixed, serviced pontoon mooring with capacity for 85 berths.

The detached and extended three-bedroomed bungalow that comes with the sale has a rear garden and spacious area at the front, with a hallway, kitchen, reception room, utility area, bathroom and bedrooms inside.

MFG Solicitors provided legal advice on the deal for Crafted Boats Ltd, while Freeths Solicitors advised the vendor, whose identity has not been disclosed.

Ends (512 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: 

James Mattin, Managing Director,

2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 525 0600 or 0121 524 1172, Email: jmattin@bondwolfe.com

www.bondwolfe.com

Issued by Andy Skinner, ASAP PR, mobile 07990 978257.

Editors’ notes

Bond Wolfe is an established commercial property practice based in Birmingham. Its services include commercial property sales and lettings, auctions, investment, development and property management throughout the UK.

Watling concludes sale of part-built Bolton student development

Watling Real Estate has supported liquidators at BDO and Moore Kingston Smith in the successful sale of a major site in Bolton town centre.

Chris Walker and Andrew Foster of Watling Real Estate were appointed as Fixed Charge Receivers over a prominent 140-bed, part-completed student accommodation block on Great Moor Street.

Chris Walker said: “The development originally stalled in the summer of 2018 following the lender going into administration and the developer going into liquidation. The block suffered significant damage before receivers were appointed and has remained mothballed ever since.”

Watling generated much interest in the property, but receivers were not able to complete a sale owing to a catalogue of legal complexities .

Following a collaborative court process involving liquidators at Moore Kingston Smith and the receivers,  the development has now finally been sold to Blackburn-based EP Properties for an undisclosed sum.

Mr Walker said: “This was a complex sale involving a disparate group of investors to an insolvent peer-to-peer lending platform which brought its own unique challenges, but with support from the restructuring team at solicitors Stevens & Bolton, a successful court application enabled a sale to be successfully completed.

“The buyer’s intentions are yet to be confirmed but may involve a build-out of the original proposals or a variation of them.  This is an exciting opportunity for EP Properties, and we wish the team well in bringing this prominent site back into use and contributing to the success and regeneration of Bolton town centre.

“This has been a very good outcome considering the complexities and is part of a great start to the New Year at Watling Real Estate. We have a number of further sales completions in the coming weeks in what has been a very busy start to 2024.”

Ends (293 words)

For further information, please contact:

Chris Walker, Director, Watling Real Estate, 125 Deansgate, Manchester, M3 4BG

Email – chris.walker@watling.com

Issued by Andy Skinner at ASAP PR – 07990 978257

Editors’ Notes

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/