Commercial property investors will be flocking to Birmingham for SDL Auctions Bigwood’s next auction at Aston Villa FC on Wednesday 23 May where an impressive 172 lots will be going under the hammer.

In December 2017, SDL Auctions Bigwood set a record of 170 lots, beating its previous best of 157, in an auction that raised over £16 million, but the May auction will set a new record.

Ian Tudor, head of commercial auctions at SDL Auctions Bigwood, said: “The 172 lot catalogue features many attractive investment propositions ranging from former banks, to pubs, retail investments and mixed use developments.

“In this auction we are continuing to sell a number of former bank premises with lots in Nottingham and Leicester in the May catalogue.”

The former NatWest Bank at 27 Nottingham Road in Eastwood is in an established retail location and offers a variety of alternative uses or residential development potential, subject to planning permission.

It is a three storey property in a prominent position at the junction of Nottingham Road and Victoria Street. It also has a basement with strong room and storage space. It has a *guide price in excess of £170,000.

In Leicester, the former NatWest bank at 145 Evington Road will also go under the hammer. It is a prominent three storey building close to Leicester University in Stoneygate and is also suitable for a range of alternative uses, subject to planning permission. It has a guide price of £175,000-£200,000.

Former pubs always attract attention and the Queens Head in Farm Street, Hockley in Birmingham, will be no exception. The freehold property may also be suitable for redevelopment, subject to planning permission, and is located just off the Hockley flyover 1.5 miles from the city centre. It has a guide price in excess of £225,000.

In Bilston, The Old Bush Inn at 15 Cross Street, is a substantial two storey detached bar and restaurant premises with a single storey rear extension on a site of about 0.22 acres. The trading areas have been refurbished during the last 12 months. It has a guide price of in excess of £175,000.

Once a police station, 409 Bearwood Road in Smethwick has for the last 40 years been used for professional offices. It is a prominent freehold detached building which may be suitable for residential conversion, subject to planning permission, offering a total net internal area of approximately 2,130 sq ft. It has a guide price of £325,000-£350,000.

A large industrial unit of approximately 38,345 sq ft at 55 Woodburn Road in Smethwick . The property is suitable for refurbishment and could be split into smaller units, subject to planning permission. It has a guide price of £400,000.

And for those seeking an investment opportunity in a popular trading location, The Pitch, Unit 1 Bridge House, 47-55 Bridge Street in Walsall, is recognised as the leading venue of its type in Walsall.

It has been in use as a popular sports bar and restaurant for the past 20 years and is well established, paying a current annual rental of £80,000. It has a guide price in excess of £700,000.

The SDL Auctions Bigwood auction on Wednesday 23 May will feature a catalogue of 172 lots. To view all the lots going under the hammer visit www.sdlauctions.co.uk.