A Birmingham industrial and office investment producing £75,000 per annum is among the commercial lots set to be offered in Bond Wolfe’s bumper February auction.
The firm will offer a mixed catalogue of 232 lots on 17 February, believed to be the largest Midlands auction to date.
The mixed-use Birmingham investment (lot 127, pictured) is guided at £900,000, equating to a yield of 8.3%. The 0.68 acre site on the A41 Holyhead Road is entirely let to Rudd Macnamara, a print and industrial graphics manufacturer in business since 1890. Its 10-year lease expires in 2028.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Our commercial lots attract nationwide interest, and we are anticipating competitive bidding on a diverse collection of commercial properties.”
Other commercial lots in the catalogue include a high street retail investment in West Bromwich (lot 123), guided at £435,000-plus and producing £65,000 per annum. The property is let to GR and MM Blackledge plc, trading as Bodycare, for nine years expiring in June 2025. It has 2,368 sq ft on the ground floor and a further 1,345 sq ft on the first floor.
A town centre shop let to a trophy and medal supplier with residential uppers in Willenhall, West Midlands, is guided at £100,000-plus. Lot 129 produces a total of £10,200 per annum. A recently refurbished 11-bedroom hotel in Blackpool is guided at £105,000 (lot 135).
Residential opportunities in the catalogue include a cemetery lodge which is being offered on behalf of City of Wolverhampton Council (lot 1). The five-bedroom property at the entrance to Merridale Cemetery, which has been closed to new burials for many years, is guided at just £275,000-plus. It was declared surplus by the council two years ago.
Ron Darlington, consultant director at Bond Wolfe Auctions, said: “It would make an exceptional home or may be suitable for a number of alternative uses, subject to planning permission.
“It sits in a popular and highly desirable part of Wolverhampton and is set in 1,385 sq m of land. It would require work to convert it into a home, hence the highly attractive guide price.”
The online auction will start at 8.30am to get through the extensive catalogue. Bond Wolfe Auctions’ final sale of 2020 raised more than £17.6m from 159 lots, with a success rate of 91%.
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