From an old bank to a former social club, competitive bidding brought great results for commercial properties in SDL Auctions Bigwood’s latest Birmingham auction.

The hammer came down at £330,000 for a former branch of the Santander Bank at 25 Market Place in Nuneaton, which had a guide price of £295,000+.

A mixed-use property that once hosted the Royal British Legion downstairs with accommodation above at 25 Station Road in Kings Heath, Birmingham sold for £415,000 from a guide price of £200,000+.

Another commercial property in Birmingham that sold well was a two-storey unit at 1722 Bristol Road South where the ground floor formerly traded as a car spares business. This sold for £134,000 from a guide price of £105,000+, while a similar property at 2 Cliff Rock Road  sold for £123,000 from a guide price of £105,000+.

Over in the Black Country, a two-storey building at 50-52 High Street in Bilston that was recently used as a play centre, sold for £141,000 from a guide price of £135,000+. The property has planning permission to convert the upper floor into a pair of one bedroomed flats.

A building at 29 Derby Street in Stoke-on-Trent that houses a branch of Lloyds Chemists was sold for £136,000 from a guide price of £125,000+. This property included ground rents worth a total of £500 a year for two flats above which have been sold off on long leases, while the chemists is on a new ten year lease producing annual rental of £12,500.

The SDL Auctions Bigwood’s auction on 12 December at Villa Park raised over£5.3 million.

Andrew Parker, managing director and auctioneer at SDL Auctions Bigwood, said: “The shortage of decent commercial property stock across the Midlands means there is continued strong demand from investors at our auctions.”