Fully Let Black Country Retail and Residential Block Set to Draw Investor Interest at Bond Wolfe’s July Auction

A fully let mixed-use block of shops and flats in a busy residential area of the Black Country is expected to generate strong interest when it appears in Bond Wolfe’s next auction on Thursday 10 July.

Clarage House, located on Long Lane, Halesowen, is a freehold investment property comprising four ground-floor retail units and six self-contained residential flats, with a guide price of £650,000+.

The property currently produces a total rental income of £83,650 per annum, making it an attractive opportunity for investors seeking a ready-made income-generating asset.

Ian Tudor, commercial auction director at Bond Wolfe, said:

“Clarage House is a prime example of a well-located, mixed-use property, fully let and positioned within a popular retail parade that serves a thriving residential community.

“It’s located just half a mile from Blackheath town centre and sits in a well-established catchment area – we expect significant interest from investors when this lot goes under the hammer in July.”

The four retail units each benefit from a main sales area and ancillary space. The seven residential flats are configured as:

• 1a and 4a – Two-bedroom duplex apartments

• 2a and 2b – Two-bedroom apartments

• 3a and 3b – One-bedroom bedsits

• 3c – One-bedroom apartment

The property occupies a prominent roadside position behind a service road, fronting the main A4034 Long Lane, between its junctions with Maple Road and Southwick Road. The sale is subject to the existing tenancies, providing immediate income for the buyer.

Clarage House is among 197 lots listed in Bond Wolfe’s upcoming live-streamed auction, which starts at 8.30am on Thursday 10th July.

Bidding is available remotely via proxy, telephone or internet.

🔗 View the auction catalogue and register to bid
📧 Email: [email protected]
📞 Call: 0121 312 1212

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 details and any additional fees which may apply.