Regional commercial property market remains strong
Demand for Regional commercial property across the West Midlands remains strong as buyers seek solid opportunities, according to Ian Tudor, joint managing director of auctions at Bond Wolfe.
He cited a number of examples in Bond Wolfe’s next auction on Thursday 19 May as proof of strong demand across the market.
Examples include the former local history centre in Essex Street, Bloxwich. The former school and history centre, plus a caretaker’s house and parking, is set in approximately 28,793 sq ft. It has a guide price* of £290,000+.
Mr Tudor said: “This is a prime example of a lot with opportunities to look at alternative uses, including redevelopment, subject to planning permission. We are very pleased to be selling this site on behalf of Walsall Council.”
The building will be among 159 lots offered in the auction on Thursday 19 May which starts at 9 am.
Another property with significant potential is the former Newton Health Clinic, 171 Melbourne Avenue, Birmingham. The site, including car parking, is considered suitable for a wide variety of alternative uses from medical, assisted living, community use, or complete redevelopment, subject to planning permission.
This significant opportunity is offered with a guide price of £595,000+ and considerable interest is already being shown.
Medway House at 98-99 Dixons Green Road, Dudley, is a detached A2 office premise set back from the road behind a short fore-garden with a driveway approach to extensive car parking at the rear. The property is a pair of Victorian semi-detached dwellings converted into single office premises within easy walking distance of Dudley town centre.
The property totals some 4,000 sq ft and has a guide price of £350,000+.
A freehold vacant industrial/warehouse unit at Unit 5a, Kelvin Way, West Bromwich, extends to approximately 6,757 sq ft and has a guide price of £385,000+.
Over in Coventry, the former Old Red Horse pub at 52 Barras Green, Barras Heath, is a vacant freehold property which has most recently operated as a restaurant. It has outside trading areas and self-contained living accommodation on the first floor and is offered with a guide price of £238,000+.
Mr Tudor said: “The property occupies a prominent position to the eastern side of Barras Green, between its junctions with Coventry Street and Heath Road. The immediate area comprises a well-established mix of retail, commercial and residential uses, lying approximately four miles northeast of Coventry city centre. This is a property that could be suitable for a wide variety of uses, subject to planning permission.”
Back in Birmingham, a well-placed retail unit with an apartment above is available on the ground floor at the Qube, 71 Edward Street, close to the city centre, the National Indoor Arena and the International Convention Centre.
The ground floor provides a retail/office space with a kitchen and WC, and the first-floor apartment has a lounge with balcony, a kitchen with fitted units, a double bedroom and a bathroom/WC. It comes with two allocated secure parking spaces and a guide price of £175,000+.
This Regional commercial property is among 159 lots that will appear in Bond Wolfe’s next auction which starts at 9 am on Thursday 19 May. The auction will be live-streamed 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/, email email@example.com, 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/.