Investors can get their hands on a piece of historic real estate in December, as a Grade II-listed Victorian building in Birmingham city centre is going under the hammer.
The property has a guide price of £550,000 and will feature at Bond Wolfe’s December auction.
The inner terrace property at 54 Newhall Street is located near to the junction with Cornwall Street, in the city’s Colmore Business Improvement District.
The four-storey, self-contained office building has for many years served as offices for city law firm Grove Tompkins Bosworth, which has now relocated across the inner ring road to Water Street.
The freehold premises were originally built as a dental practice and are of brick construction with stone dressings, and a part slate, part tile roof.
Ian Tudor, joint managing director – auctions, at Bond Wolfe, said: “We’re delighted to offer this fine-looking old building in our next auction which we’re expecting to draw strong interest from bidders.
“Internally, the accommodation retains its original cellular nature, with finishes generally being painted wallpaper walls, painted plastered ceilings and carpeting to office areas.
“The accommodation, which includes a basement, does require modernisation and upgrading, hence the appealingly low guide price, but it also has the benefit of gas-fired central heating throughout.”
54 Newhall Street is a short walk from Colmore Row, Snow Hill Station, and The Jewellery Quarter, while New Street Station and the main retail district including Grand Central and the Bull Ring are all within a 10-minute stroll.
Birmingham’s inner ring road is located close by, giving access to the A38M and the national motorway network via junction 6 of the M6.
Tudor added: “The building is currently laid out as offices and offers vacant possession upon completion of the sale.
“However, with its location on such a prime site, it could also be suitable for alternative residential or commercial uses, subject to planning permission.”
The Grade II-listed property is one of a number of lots appearing in Bond Wolfe’s next auction which starts at 9am on Wednesday 8 December.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.