Commercial opportunities across the UK in Bond Wolfe’s auction

Commercial opportunities from Birmingham City Council will lead off Bond Wolfe’s next auction which starts at 9.30 am on Thursday 27 October.

The freehold commercial ground rents on council-owned sites have proven popular in previous auctions this year.

The first to go under the hammer will be Merit House, Stanhope Street, Bordesley, a two-storey property with commercial ground rents having a guide price* of £160,000+.

Next up is 11 Pentos Drive, guided at £70,000+, followed by the freehold commercial ground rent on land and premises at 64 Cato Street, which has a guide price of £300,000+.

A former church in Coventry provides a significant city centre redevelopment opportunity. The former United Reformed Church, St Columba’s Close, on a long leasehold of 1,000 years from 1664.

Ian Tudor, joint managing director of auctions at Bond Wolfe, said: “This is an unusual lot in that it offers such a wide variety of possibilities, subject to planning permission.

“The property offers a major redevelopment opportunity in the city centre and could be used for a range of alternative uses, including residential, offices, student accommodation, or children’s nursery, for example.”

The property comprises a former church building including the main church hall, meeting room, kitchen and prayer room, together with a number of additional ground and first-floor rooms.

It lies on a 0.319-acre site within a mixed-use area and benefits from a frontage to both St Columba’s Close and St Nicholas Street. It has a guide price of £200,000+ and is offered jointly with Centrick.

In Redditch, a similar range of opportunities, subject to planning permission, is available at Cedars Nursing Home, Cedar Park Road, an attractive, 38-bedroom Grade II listed building. The property sits on a 1.12-acre site in mature grounds and has a guide price of £750,000+.

In Runcorn, Cheshire, a former magistrates court, Halton Lea, offers a number of options, subject to planning permission. The freehold vacant building has a guide price of £500,000+.

Further afield, at 1 Palace Avenue, Paignton, in Devon, Bond Wolfe are offering a ground-floor retail unit with three self-contained apartments above.

The retail unit on the ground floor of the spacious corner property is let to Les Fleurs at a rental of £525 per calendar month, and the apartments are offered with vacant possession, having recently been refurbished to a high standard. It has a guide price of £340,000+.

Back in Rowley Regis, the former Cock Inn, 75 Dudley Road, offered with a guide price of £295,000+, provides a vacant freehold residential development opportunity,  with planning permission for conversion and extension to create three dwellings or alternatively to convert and extend the building to provide nine self-contained flats.

In Bromsgrove, 95 High Street, Bromsgrove,  is a freehold retail investment opportunity let to Ryman Stationers at an annual rental of £25,500. The property comprises a mid-terraced high street property with a ground-floor retail unit and ancillary accommodation on the first and second floors. There is rear access to the upper parts, providing excellent scope for potential future alternative use. It has a guide price of £295,000+.

A similar opportunity is available at 152 High Street, Tewkesbury, in Gloucestershire, a fully let freehold investment in Grade II listed property spread over four floors plus a basement. The property is currently let to Young Gloucestershire Ltd for five years from June 2022 at an annual rental of £15,000. The ground floor has a retail unit and the upper three floors are used for offices and storage. The prominent property has a guide price of £168,000+.

In Kingstanding, Birmingham, 458 College Road, is a vacant leasehold retail premises with four separate rooms above which could be used for a variety of purposes, subject to planning permission, and has a guide price of £30,000+.

Ian Tudor added: “The range of commercial opportunities available in our October auction means there is something to attract all levels of investment and we are expecting strong interest and competitive bidding.”

These commercial lots are just a few of 158 lots due to appear in Bond Wolfe’s next auction which is due to start at 9.30 am on Thursday 27 October.

The auction will be live-streamed 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.