Ex-council properties and sites go under the hammer this week

Commercial properties and development sites across the UK, from Bolton to Birmingham, Sheffield to Stoke-on-Trent and Kettering to Wolverhampton, will feature in Bond Wolfe’s next livestream auction this Thursday, February 8.

The guide prices range from £950,000 for an 85-berth canal marina in Warwickshire, to a plot of land beside the River Yeo in Devon with a nil reserve.

Ian Tudor, commercial auction director at Bond Wolfe, says: “For those with an eye for potential, there is an enormous range of opportunities in our February auction and, increasingly, canny investors are checking out the commercial lots in our catalogue.”

Fenny Marina, which includes a three-bedroomed bungalow and extensive outbuildings, will be among more than 50 commercial properties and plots of land lined up for sale. Among them are a number of disused properties being sold by Birmingham City Council, including investments, , land and ground rents.

These include a former day nursery offered freehold with a guide price of £650,000+. The property is a post 1970s, single storey purpose-built school building on a site of circa 0.64 acres. It may be suitable for redevelopment, subject to planning permission.

A similar potential redevelopment project, subject to planning permission, is a former Children’s Centre at Quinton, suffering fire damage and in need of renovation. The freehold purpose-built children’s centre currently has 17 parking spaces and has a guide price of £300,000+. Another potential development opportunity is the gated former depot site at Garretts Green, with a guide price of £175,000+.

Birmingham City Council has also instructed Bond Wolfe to sell 25 ground rents on a range of commercial, industrial and retail properties across the city, including 10 in New John Street West.

Another prominent town centre investment property, this time at Newcastle Under Lyme, is listed with a starting price of £345,000+. This three storey building comprises the Crossways bar on the ground floor and three recently refurbished apartments above.

Meanwhile in Walsall, derelict former warehouse premises, considered suitable for development with the necessary planning consents, are listed from £45,000+.

Ian Tudor adds: “The range of commercial properties, in both price and geography, on offer at our auctions is attracting bidders from both this country and overseas. We want to build on our successes of 2023 and in 2024 cement our place as the UK’s leading livestreaming auction business, selling properties throughout the UK.”

The commercial properties are among 192 lots that are appearing in Bond Wolfe’s next auction, which will start at the earlier time of 8.30am on Thursday.