Apartments development site in Lichfield to go under the hammer

Development site to be sold by auction. A former office building in Lichfield, “oven ready” for redevelopment as two dozen new apartments, is going under the hammer at the next Bond Wolf Auctions sale next month (December).

Bridge House in Station Road is part of Bond Wolfe’s 164 lot auction catalogue which will be the largest auction to be held in the Midlands in 2019.

A guide price* of £650,000 has been placed on Bridge House and bidding is expected to be fierce for what is seen as a prime development opportunity.

Planning permission is already in place to convert the offices into homes, and the auction offers a rare opportunity for property investors in the popular Staffordshire city, regularly named as one of the happiest places to live in England and Wales by a string of national studies.

Property prices are significantly higher than in the surrounding areas, offering potential developers a significant return on their investment.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “We expect this development site to attract considerable interest from both the local and national property community. The demand for homes in Lichfield far outweighs the supply and this site comes with planning permissions already in place, making it effectively ‘oven ready’ for any potential developer.

“Lichfield is a delightful small city and one of the most popular places to live in the region, so whoever secures this site will be in a very fortunate position.”

Bridge House, a short distance from Lichfield city centre and the railway station, is a two storey office building with permissions in place for both change of use, from office to residential, and for work to extend the building and create a second floor to provide a total of 24 apartments.

The current proposals, approved last summer, would see demolition of part of the existing building and the erection of two side extensions and the creation of a second floor to form 12 apartments, in addition to the 12 units that would be created by conversion of the existing office space.

Bond Wolfe Auctions, which launched in January this year, has so far sold 503 lots out of 592 offered and raised over £66.2 million with an average success rate of 85% – comfortably making it the West Midlands’ leading auctioneer.

Anyone interested in the auction or with properties for sale in future auctions should contact [email protected], call 0121 312 1212 or visit www.bondwolfe.com.