Halesowen and Hasbury Labour Club, West Midlands

Bond Wolfe was instructed by Lidl UK GmbH to identify and acquire a number of sites across the West Midlands as part of their existing site expansion programme.

We quickly identified Halesowen Labour Club as an opportunity to enable Lidl to expand the car park of their existing, adjacent store. A direct approach was made by Bond Wolfe to the owners of the neighbouring site and terms were negotiated and agreed for a £775,000 commercial property acquisition.

Alcester Road South, Birmingham

On behalf of a retained PLC client, Bond Wolfe was tasked to find suitable income producing assets, as part of an acquisition drive. An important aspect of the remit of this instruction was to find mixed-use income producing opportunities that would deliver a minimum net return of 7%. The choice of mixed-use opportunities specifically would spread any risk in the event of a market downturn, with well-secured tenants.

Alcester Road South comprises a 60-bedroom Travelodge hotel, with six further shops below let to tenants including Ladbroke, Wilko and Halfords. Producing an income of £69,875 per annum, the property was acquired by Bond Wolfe on behalf of the client for £6,100,000, representing a net initial yield of 7.22% and a reversionary yield of 7.31%.