Bond Wolfe Auctions to handle Sandwell development sites in February sale
Bond Wolfe Auctions has been chosen by Sandwell Council to handle the sale of four development sites at its record-breaking auction event in Birmingham this month.
Developers and those looking for a property bargain are expected to flock to the Holte Suite at Villa Park on Thursday 27 February, when the Birmingham-based auctioneer will host first ever 200-plus lots auction to be held outside of London.
Among the record 215 lots up for sale will be four sites Bond Wolfe Auctions are handling on behalf of Sandwell Metropolitan Borough Council.
The largest is being offered for car parking uses in West Bromwich. With a guide price* of £40,000+, the 2,206.9 square yard (1,845.2 sqm) plot comprises a long, narrow, triangle beside Brandon Way.
The site includes an unadopted service road. The site is not considered suitable for building development and is only thought suitable for use as car parking.
In Oldbury a 363.4 sq yard (303.8 sqm) plot is being offered at a guide price of £45,000 as a residential development opportunity. The land is adjacent to 44 Rood End Road and the council believes it would be suitable as the site of a single bespoke four bedroom detatched house or possibly two one-bedroom apartments, subject to obtaining the necessary planning consents.
In Tipton, a guide price of £65,000+ has been set on land adjoining 124 High Street in Princes End as an industrial redevelopment opportunity.
Planning permission would be needed for the rectangular site, which extends to 1,363.2 square yards (1139.8sqm),
The fourth site is seen as another residential development opportunity by the council. A guide price of £50,000+ has been set on the plot, beside Mousesweet Brook, Halesowen Road in Cradley Heath.
Again, planning permission would be needed for the large, irregular shaped parcel of land that extends to around 1,420.3 square yards (1,187.5 m), which the council sees as suitable for either a two storey four or five bedroom detached home or a single bungalow.
Sandwell Council has issued planning statements to provide information on the suitable use of each site and they can be inspected within the legal pack for each plot or at BWA’s offices. For any planning inquiries, potential bidders should contact Ceri Phillips at Sandwell Metropolitan Borough Council on 0121 569 4128.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “We are delighted that Sandwell Metropolitan Borough Council has chosen BWA to handle the auction of these four development sites.
“We have enjoyed an outstanding first year since we launched and our auctions are now attracting interest from across the country – we have sent out a record number of catalogues this time.
“Our February auction will offer the Council an outstanding platform and I am convinced these four sites will attract a lot of attention and competitive bidding on the day. I am confident this auction will prove an outstanding success for the council in realising the value of these four plots of land.
“We can also see that since the General Election, confidence has surged back into the property market. Demand is up from small to medium developers, with new starts on site being announced every day.
“But most important of all, sellers are instructing us because they are seeing remarkable results at each of our auctions.”
The auction on Thursday 27 February will now start at the earlier time of 10am, in order to cater for the record number of lots to be offered on the day.