Bank on Bond Wolfe Auctions for the best selection of commercial lots
The best selection of commercial properties for sale by auction including a former RBS bank in the centre of Newcastle-under-Lyme heads which up a strong cast of commercial properties in Bond Wolfe Auction’s July auction at Villa Park on Wednesday 3rd July.
The freehold property at 41 High Street occupies a prominent town centre location and is considered suitable for a variety of uses, subject to planning permission.
Bond Wolfe Auctions’ managing director Ian Tudor said: “This is a great property occupying a prominent corner position, fronting both the High Street and Ironmarket, and opposite the Roebuck Shopping Centre.”
The basement, ground, first and second floors total 4,147 sq ft and the property is offered with a *guide price of £285,000+.
In Walsall, a town centre office building at 38-39 Lichfield Street is a period three storey mid-terraced property with single and two storey extensions at the rear.
Ian Tudor said: “These are well located offices within the recognised professional quarter of Walsall and yet close to all the amenities of the town centre.”
The freehold property is offered with vacant possession and totals 2,840 sq ft. Guide price is £170,000+.
Further south in Malvern, 59 & 59a Church Street is a town centre commercial investment opportunity with apartment above. 59 Church Street is a ground floor retail unit currently occupied by the Shaw Trust on a ten year lease until 2022.
On the upper two floors the former office accommodation has planning permission for conversion to an attractive and spacious town centre apartment. The guide price is £235,000+.
Ian Tudor said: “The opportunity to live in the centre of Malvern with the theatre within walking distance and in a popular town set in beautiful countryside with the Malvern Hills as a backdrop does not come along every day and we are already experiencing strong interest in this property.”
The property is understood to have a long leasehold of 125 years from 1975 with 81 years still to run. The gross rent is £25,250 per annum and the property has a guide price of £185,000+.
In Wolverhampton, 10 Victoria Street is a prominent city centre property which is currently used as a restaurant. The property is freehold and understood to be rented on a new lease from February 2019 for five years at a current rent of £16,000 per annum. It has a guide price of £140,000-£150,000.
Birmingham City Council has instructed Bond Wolfe Auctions to offer Viscount House, the former children’s home in Castle Vale, a freehold purpose-built two storey building.
Bond Wolfe Auctions’ chief executive Gurpreet Bassi said: “Viscount House is offered for sale by auction with the possibility of continuing as a children’s home but the property may be suitable for a number of alternative uses, including residential conversion in to two or three residential dwelling, subject to planning permission.”
The property is offered with a *guide price of £175,000+.
Bond Wolfe Auctions, which was only launched in January this year, has already been instructed on 350 properties this year. The first two auctions had an average success rate over 87%, already establishing Bond Wolfe Auctions as the Midlands’ leading auctioneer in 2019.
Bond Wolfe Auctions’ third auction of the year starts at 10.30am in the Holte Suite of Aston Villa FC on Wednesday 3 July. More details are available at www.bondwolfe.com or by calling the team on 0121 312 1212.
* Each property is subject to a reserve price which may be different from the guide price.
To discuss selling property by auction or for more information about our property auctions Birmingham, please call Bond Wolfe Auctions on 0121 312 1212, email [email protected] or click here to arrange a free auction appraisal.