Property hosting Lloyds Bank in Birmingham appearing in next Bond Wolfe auction

A valuable commercial property let out to Lloyds Bank in a south Birmingham shopping district is coming up for sale in our next auction.

The property at 2-4 Hawkhurst Road in Maypole generates annual rental income of £21,500 and will have a £255,000 guide price* in the livestreamed auction on Thursday 14 December.

Ian Tudor, our Commercial Auction Director, explained that the freehold retail investment opportunity in the busy local shopping district included a spacious flat above the bank premises.

Mr Tudor said: “This property is a mainly two-storey detached building that occupies a highly prominent position at the junction of Hawkhurst Road and the main A435 Alcester Road South.

“Maypole is a busy and well-established shopping area in a popular residential suburb, with various local independent traders close by, plus national brands like Iceland, Boots, Betfred, Greggs, Just for Pets, Aldi, Ladbrokes and a large Sainsburys store.

“The property’s ground floor provides a modern banking hall, with glazed partition meeting rooms off, stores, safe room, kitchen and staff room, toilets and an ATM cashpoint room.

“On the first floor there is a spacious, self-contained flat comprising landing, living room, double bedroom, single bedroom, kitchen, bathroom and separate toilet, while outside there is parking for two cars.

“The flat currently forms part of Lloyds Bank’s lease but offers an excellent future refurbishment opportunity.”

Lloyds Bank is currently on a three-year lease which runs to March 2025, although it has occupied the property for more than 20 years.

Mr Tudor added: “2-4 Hawkhurst Road is considered to occupy an excellent trading position for its existing use and is suitable for a variety of alternative uses, subject to planning permission.”

The A435 Alcester Road South is one of the main arterial routes linking the suburbs of Maypole, Kings Heath and Moseley with Birmingham city centre.

It also provides access to the Midlands motorway network via junction 3 of the M42 motorway a short drive south of the property.

The commercial property investment is just two of 156 lots that are appearing in our next auction, which will start at 9am on Thursday 14 December.

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

* Each property is subject to a reserve price which may be different from the guide price.  Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.