Bond Wolfe Auctions, the UK’s newest auction business, has won the contract to handle the disposal of Birmingham City Council’s surplus property and land assets.

The appointment will result in a number of lots being offered at auction with many already confirmed for the Thursday 9 May sale including a detached house in Fentham Road, Erdington, and a parcel of land in Runcorn Road, Sparkbrook.

There are a wide range of properties that the city council regularly disposes of, ranging from office blocks to former neighbourhood offices, and former educational facilities to development sites suitable for both residential and commercial uses.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This is a huge achievement for us and we are extremely proud to be able to represent Birmingham City Council as most of our team have deep roots in the city dating back generations.

“While we are a new business, our staff have over 250 years’ of combined experience in selling residential and commercial property and it is a major endorsement to have Birmingham City Council, the largest local authority in Europe, working with us.”

Managing director Ian Tudor added: “Everyone at Bond Wolfe Auctions is delighted at winning this contract and we will ensure that we get the maximum value possible for Birmingham and its tax payers.”

The new contract comes just weeks after Bond Wolfe Auctions raised a staggering £16.7 million in its first auction in Birmingham at Villa Park on 13 March when 103 lots out of 115 were sold, representing a sales success rate of 90%.

It was the most successful auction in the Midlands since May 2018 based on the amount raised and the most successful since December 2017 based on the percentage sold.