Prominent Wolverhampton investment opportunity served up in Bond Wolfe’s July auction
A major mixed use investment opportunity in Wolverhampton is set to go under the hammer at Bond Wolfe’s live streamed auction on Thursday 13 July.
The substantial freehold city centre property at 167-170 Stafford Street, is being offered jointly with the fixed charge receivers, Watling Real Estate.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “This is a significant investment opportunity situated in a highly prominent position comprising a restaurant with seven flats above and offers considerable asset management potential.”
On the ground floor, the property has an extensive retail/leisure unit which has historically traded as a licensed restaurant for a number of years.
It has a prominent frontage on to the City Centre Ring Road and is directly opposite the University of Wolverhampton and within walking distance of all city centre amenities and landmarks, including train and tram links.
The restaurant comprises an open plan seating and dining area, entertainment area, bar servery and reception, with ancillary accommodation including a commercial kitchen, WCs, office and a substantial basement/beer cellar.
Over the first and second floors, there are seven one-bedroom flats which are accessible via communal entrances off Thornley Street and Stafford Street.
It is being offered with a guide price* of £600,000+.
Mr Bassi added: “Given this property’s prominence and excellent location, we are anticipating keen interest and strong bidding when it goes under the hammer.”
It is just one of scores of properties appearing in Bond Wolfe’s next auction which starts at 9am on Thursday 13 July.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
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.