Demand for commercial lots across the West Midlands is strong as buyers seek solid opportunities, according to Ian Tudor, joint managing director auctions at Bond Wolfe.
The auctioneer is selling a former history centre in Essex Street, Bloxwich, on behalf of Walsall Council. This includes a caretaker’s house and parking, while it has a guide price of £290,000.
Tudor claimed the property was perfect for alternative uses like redevelopment.
Another property seen as having significant potential is the former Newton Health Clinic, 171 Melbourne Avenue, Birmingham.
The site, including car parking, is considered suitable for a wide variety of alternative uses from medical, assisted living, community use, or complete redevelopment, subject to planning permission. This property has a guide price of £595,000+, while Bond Wolfe indicated it’s already seen strong interest.
Medway House at 98-99 Dixons Green Road, Dudley, is a detached A2 office premises set back from the road behind a short foregarden with driveway approach to extensive car parking at the rear. The property is a pair of Victorian semi-detached dwellings converted into a single office premises within easy walking distance of Dudley town centre. The property totals some 4,000 sq ft and has a guide price of £350,000+.
A freehold vacant industrial/warehouse unit at Unit 5a, Kelvin Way, West Bromwich, extends to approximately 6,757 sq ft, and has a guide price of £385,000+.
In Coventry, the former Old Red Horse pub at 52 Barras Green, Barras Heath, is a vacant freehold property which has most recently operated as a restaurant. It has outside trading areas and self-contained living accommodation on the first floor and is offered with a guide price of £238,000+.
Tudor said: “The property occupies a prominent position to the eastern side of Barras Green, between its junctions with Coventry Street and Heath Road. The immediate area comprises a well-established mix of retail, commercial and residential uses, lying approximately four miles north east of Coventry city centre. This is a property that could be suitable for a wide variety of uses, subject to planning permission.”
Back in Birmingham, a well-placed retail unit with apartment above is available on the ground floor at the Qube, 71 Edward Street, close to the city centre, the National Indoor Arena and the International Convention Centre.
The ground floor provides a retail/office space with kitchen and WC, and the first floor apartment has a lounge with balcony, kitchen with fitted units, a double bedroom and bathroom/WC. It comes with two allocated secure parking spaces and a guide price of £175,000+.
These commercial properties are among 159 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Thursday 19 May. The auction will be livestreamed via the auctioneer’s website with remote bidding by proxy, telephone or the internet.