A former Wolverhampton pub that’s set to be converted into homes is going under the hammer next month, with bids being invited from £299,000.
The old Rookery Tavern at 41 Wood Street, Lanesfield, has been closed since late 2014 and is currently the subject of a planning application for demolition and redevelopment, creating 24 new apartments.
Although the application has not been decided yet, Wolverhampton Council has written an “in principle” letter of support for the scheme.
The auction is being livestreamed by Bond Wolfe on Thursday 9 September.
Colin Totney, land and development surveyor at Bond Wolfe, said: “This site offers an ideal opportunity for a developer. It sits in the middle of a large residential area with local services including a popular and highly successful local primary school.
“Planning permission to redevelop the site for homes has already been secured since the pub closed nearly eight years ago, but this has now expired. The local authority clearly supports the new planning application and the general proposal to provide much needed new housing on the site.
“We are expecting highly competitive bidding for this property when it comes up for auction at our sale event on Thursday 9 September. Our online auctions are attracting thousands of viewers and potential bidders from across the country and overseas and the former Rookery Tavern is just the sort of keenly-priced redevelopment opportunity many of them are looking for.”
Sitting on a half-acre site, it currently comprises a two storey building which is now derelict.
Previous planning permission for demolition and redevelopment of 12 flats and a pair of semi-detached houses has now lapsed and a new application for redevelopment providing 24 flats with parking and amenity space is awaiting council approval.
It is about 2.5 miles south of Wolverhampton city centre and close to the main Birmingham New Road.
The Rookery Tavern is one of the 211 lots listed in Bond Wolfe’s next auction which starts at 9am on Thursday 9 September.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only, and bidders must pre-register no later than 12 noon on Wednesday 8 September.