Commercial lots abound in Bond Wolfe Auctions’ December sale
Commercial lots once again feature strongly in the catalogue for Bond Wolfe Auctions’ next sale on Wednesday 9 December with properties ranging from a BBC radio station to the site of a 19th century Worcestershire inn.
First under the hammer in the auction which will be livestreamed via the website from 9am, will be a double retail unit in Winson Green offered on behalf of Birmingham City Council.
The property is a two storey, end terraced unit front in Dudley Road within the commercial centre of Winson Green, some 1.5 miles north of Birmingham city centre. The premises has a large retail area on the ground floor with storage area and residential or storage space on the first floor. It is offered with a guide price* of £250,000+.
In Lyde Green, Halesowen, a former care home (pictured above), which may be suitable for a variety of uses, subject to planning permission, is offered with a guide price of £395,000+.
A prime opportunity for further residential development is offered in a popular area of Redditch. 533 Evesham Road is an existing four bedroomed house on a 0.35 acre site with outline planning permission for the development of an additional 4 three bedroom semi-detached houses.
The plot was formerly the site of the old Royal Oak pub in Crabbs Cross, Redditch, and has a guide price of £450,000+.
In nearby Studley, just over the border into Warwickshire, 4 High Street is a former ground floor shop with two bedroom accommodation on the first floor which now has an approved change of use to a two bedroom house. It has a guide price of £59,000+.
A former HSBC bank premises in Rowley Regis, near Halesowen, which has latterly been used as a restaurant has plenty of potential, subject to planning permission, and a guide price of £195,000+.
Another commercial premises with residential development potential is at 68 High Street, Brierley Hill. The vacant, three storey, mid-terraced property is in a prominent position on the High Street and was last occupied by a firm of solicitors.
It is now in need of refurbishment and the current owner has had plans for a ten bedroom house of multiple occupation drawn up, which may be an opportunity alongside other potential residential uses, subject to planning permission.
It lies just 0.7 miles from the Intu Merry Hill Shopping Centre and has a guide price of £195,000+.
A part completed commercial/residential development is on offer at The Shambles, Wednesbury, a three storey building with planning permission for two retail units and 2 two bedroom apartments. The work has been started but requires completion, hence the guide price of £165,000+.
For those seeking an investment, 54-56 High Street, Bromsgrove, is currently let to WH Smith Retail Holdings Ltd on a five year lease from June 2017 at a current rent of £37,500 per annum. It is a prominent location and the building totals 4,045 sq ft over three floors. It has a guide price of £420,000+.
The Bromford Residents Club in Cameronian Croft, Birmingham, is a detached single storey building offering a long leasehold licenced club investment opportunity on an established residential estate. It currently provides rental income of £31,200 per annum and is offered with a guide price of £175,000+.
An end of terrace retail investment in Bilston comes with a guide price of £110,000+ for Unit 7, Roseville Court, Castle Street, which is a ground floor shop with a current rental £9,500 per annum.
A prime retail investment in West Bromwich at 195 High Street is currently let to Bodycare (GR & MM Blackledge plc) with a passing rental of £65,000 per annum for this property totalling 3,713 sq ft with 3,368 sq ft of retail space on the ground floor and ancillary space of 1,345 sq ft on the first floor. It has a guide price of £450,000+.
Island Works at 122 Holyhead Road, Birmingham, is a freehold industrial/office investment, on approximately 0.68 acres and let to a long standing tenant at an annual rental of £75,000 per annum. It has a guide price of £900,000.
Further afield, Bond Wolfe Auctions will be offering an attractive freehold mixed retail and residential property on a prominent A road position close to Bath city centre. 21 Walcot Buildings is an end terrace property comprising a ground floor retail unit with ancillary basement, and a first floor flat, offered with a guide price of £250,000+.
Finally, BBC Radio Cumbria broadcasts from a freehold office and studio on the corner of Abbey Road and Hartington Street, in Barrow-in-Furness, Cumbria. The property is let to the British Broadcasting Corporation on a 25 year lease from October 2004, on an annual rental of £11,297 per annum, with a review due in 2024. It has a guide price of £100,000+ for the premises totalling 1,680 sq ft.
Bond Wolfe Auctions’ next online auction will be livestreamed via the website at www.bondwolfeauctions.com from 9am on Wednesday 9 December 2020, with remote bidding by proxy, telephone and internet only.