Express & Star

Black Country properties in big Birmingham auction

A string of commercial development sites and investment opportunities across the Black Country are set to go under the hammer at the biggest property auction event ever held outside of London.

Published
Carters Green Medical Centre

Bond Wolfe Auctions' event is in the Holte Suite, Villa Park, Birmingham, on Thursday, February27 with 215 lots. They include 10n commercial opportunities.

Ian Tudor, managing director of Bond Wolfe Auctions, said: "The success rate we have achieved since launching our auctions last year has seen an increasing number of commercial properties being placed with us, alongside our booming auction sales of homes.

"Investors and developers are now flocking to our auctions knowing they will find excellent opportunities and property bargains. As a result we have had to issue a record number of brochures for our upcoming auction this month.

"And we are increasingly being seen as the auctioneer of choice for those seeking the best chance of success in selling commercial sites and investments. We are expecting intense interest in all these lots when bidding opens at the Holte Suite on 27 February."

For sale as an investment opportunity is the building housing Carters Green Medical Centre, at 396 to 400 High Street, West Bromwich, with a guide price of £250,000. The property is currently subject to a 10-year lease in effect from August 2012. With the appropriate planning permission, the site could have potential for conversion or redevelopment.

In Dudley an industrial/warehouse end terraced property, Unit 4 on Paganel Industrial Estate, is being auctioned with a guide price of £91,000, while in Tipton three separate retail investments are being offered; a mixed end terrace property at 156 High Street, Princes End, with a guide price of £150,000, a mid-terrace retail/investment opportunity at 75-77 Great Bridge with a guide price of £140,000, and mixed use end terrace investment opportunity at 87-87A Owen Street with a guide price of £100,000.

In Walsall a potential development site at the corner of Paddock Lane and Holtshill Lane is being auctioned with a guide price of £40,000 to £50,000.

In Cradley Heath a guide price of £275,000 has been set for a residential development opportunity at the former Dynashape premises at 117 Station Road. This is being sold with planning permission for partial demolition and conversion into ten apartments, alongside a new detached house and two new semi-detached homes fronting Waterfall Lane.

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