Investors seeking value in commercial opportunities
The wide variety of commercial investment and development land opportunities going under the hammer at Bond Wolfe’s auction on Wednesday 9 February, reflects demand continuing strongly from 2021 into the New Year.
Ian Tudor, joint managing director auctions at Bond Wolfe, said the selection ranged from high value commercial ground rents offered on behalf of Birmingham City Council, to small plots of land in Wales.
“Investors like to build diverse portfolios, not too reliant on one asset class or sector,” he said.
“Auctions provide an ideal opportunity to pick and choose and add value to properties and land.”
Highlights of the auction which runs from 9am on Wednesday 9 February include the consistently popular mixed use lots.
A freehold mixed commercial and residential investment in a popular residential suburb can be found at 236 Shaftmoor Lane, Hall Green, Birmingham. The ground floor retail unit and a flat currently provide a combined annual rental of £18,240 and have a guide price* of £230,000+.
Similarly, 1471 Pershore Road, Stirchley, Birmingham, is a mid-terraced commercial premises, currently used as a hairdressers, with a flat above. Combined annual rental is £11,940 and guide price is £50,000+.
A freehold retail premises and offices with secure parking for five vehicles at 184 Sutton New Road , Erdington, Birmingham, is being sold on behalf of Birmingham City Council and is offered with a guide price of £200,000+.
In the East Midlands, 23 Church Street, Mansfield, Nottinghamshire, is a vacant former retail unit with two bedroom flat above. It comes with planning consent to create a further one bedroom apartment with access to the existing residential unit. The guide price is £20,000+.
Land with development potential is being sold off by Sandwell Metropolitan Borough Council at the former Rising Sun pub, Barton Street, West Bromwich. The cleared site has outline planning permission for 4 one bedroom flats or a pair of semi-detached houses. Guide price is £50,000+.
A former health centre at Hudson Drive, Burntwood, Staffordshire, provides a potential residential development site, subject to planning permission. The 0.324 acre site has a guide price of £400,000+.
A lot of interest is expected in Tudor House , Bridge Street, Walsall, a significant town centre investment opportunity which is fully let with an annual rental income of £80,000 and a guide price of £730,000+.
And a former pub, Brennans Bar, 2 Regent Street, Long Eaton, Derbyshire, is a prominent freehold town centre site with living accommodation and planning permission already in place for conversion to nine residential apartments. It has a guide price of £250,000+.
Ian Tudor said: “These properties and land opportunities are reflective of the range of varied lots we have to attract commercial investors and we are anticipating keen interest in all our commercial lots on the day.”
The commercial properties are among 159 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday 9 February. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/, or email [email protected], or call 0121 312 1212 or 01902 928 510.
Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.