Commercial opportunities across the Black Country in Bond Wolfe Auctions February sale

Commercial opportunities for sale by auction which includes 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.

Bond Wolfe Auctions are expecting a bumper turnout of bidders at the upcoming auction event at the Holte Suite, Villa Park, on Thursday 27 February when a record-breaking 215 lots will go under the hammer.

They include ten commercial opportunities, from housing development sites to shop units and even investment in a medical centre.

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 396-400 High Street, West Bromwich, with a guide price* of £250,000. The property is currently subject to a ten year lease, in effect from August 2012, with a passing rent of £48,000 per annum.

But, 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-£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.

Also for sale will be a residential investment in a property comprising six self-contained flats at 33 Paget Road, Wolverhampton. Offered with a guide price of £200,0000, the flats generate gross income of £22,440 per annum. Across the city is a fully licensed six bedroom house of multiple occupation (HMO) – a mid-terrace property at 192 Lea Road – being offered at a guide price starting at £185,000. The flats currently generate £21,780 per year.

The auction on Thursday 27 February will now start at the earlier time of 10am, in order to cater for the record number of lots to be offered on the day.

Anyone interested in the auctions or with properties for sale in future auctions should contact [email protected], call 0121 312 1212 or visit www.bondwolfe.com.