Wolverhampton city centre property for sale at Bond Wolfe property auction with £1.25m guide price

Wolverhampton city centre property for sale at Bond Wolfe property auction with £1.25m guide price

One of Wolverhampton’s most prominent city centre buildings, housing a large Job Centre Plus office, is coming up for auction with a guide price* of £1.25 million.

Also occupied by Merkur Slots, the building extends to 18,784 sq ft and, alongside its potential for redevelopment, Chapel Court in Market Street currently generates £145,966 per annum in rent.

It is now set to be one of the starring lots at Bond Wolfe’s upcoming auction on Wednesday 8 December.

Ian Tudor, joint managing director auctions at Bond Wolfe, said: “This property occupies a prime position in Market Street, with frontages along both Queen Street and Castle Street, in the heart of Wolverhampton city centre.

“We are delighted to be offering the prime freehold of this property for sale at our next auction; it is an excellent investment offering future redevelopment potential – subject to obtaining the necessary planning permissions of course.

“We are expecting considerable interest from a wide range of bidders and property investors.”

A three storey end of terrace property, the majority of Chapel Court is occupied by the Secretary of State for Communities and serves as a Wolverhampton Job Centre Plus, with a single retail unit occupied by Merkur Slots UK.

The property is well presented throughout and there is a service yard accessed from Castle Street to the rear of the property.

It stands close to the Mander and Wulfrun Shopping Centres, Wolverhampton Grand Theatre, Crown Court, Wolverhampton College, bus, coach and railway stations, with a broad mix of local and national retailers, bars, restaurants and coffee shops nearby.

Chapel Court is just one of scores of lots that will appear in the next Bond Wolfe property auction which starts at 9am on Wednesday 8 December. The auction will be livestreamed 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/, or email [email protected], 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/.