Five Birmingham City Council properties are set to go under the hammer next month (September).
Birmingham City Council is offering five more commercial properties and ground rents for sale in Bond Wolfe’s next auction on Thursday 12 September.
It is the latest in a string of auction sales organised by Bond Wolfe on behalf of the council over recent months.
Bond Wolfe chief executive Gurpreet Bassi said: “We are pleased to be able to offer a number of commercial and industrial lots on behalf of Birmingham Council which will attract both our regular clients and investors looking for opportunities in the city.”
The council lots will be among the first properties for sale in the auction, which starts at 8.30am.
The Birmingham City Council properties are among 202 lots that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Thursday 12 September.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
Here are the proeprties:
1. 8 Bullock Street, Duddeston
First up will be the freehold interest on the industrial land and premises at 8 Bullock Street, in Birmingham. It is being offered with its ground rent for a guide price* of £70,000+. | Bond Wolfe
2. 64 Cato Street, Saltley
A guide price of £215,000+ has been set for the freehold commercial rent on the premises and yard at 64 Cato Street. The business will remain unaffected by the sale. The property is on a 99-year lease from March 1981 at a ground rent of £17,500 per annum with rent reviews every seven years. | Bond Wolfe
3. 155 Dollman Street, Saltley
Over in Saltley, 155 Dollman Street, comprises industrial land and premises with a guide price of £225,000+. The property is being sold freehold subject to a 99-year lease from February 1987 at a ground rent of £8,850 per annum, subject to rent reviews every seven years. | Bond Wolfe
4. 212 Thimble Mill Lane, Nechells
A price tag of £135,000+ has been set for the freehold interest on the ground rents for industrial land and premises at 212 Thimble Mill Lane. The property is being sold subject to a 99-year from May 1984 at a ground rent of £8,950 per annum with reviews every five years. | Bond Wolfe