The 4 big Birmingham City Council properties set to be sold at auction amid council's cash woes

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Here are four Birmingham City Council properties set to be autioned in February 2024

Birmingham City Council are set to auction 29 of its disused properties next month.

In September the council issued two Section 114 notices, formal admissions it was effectively bankrupt. The reasons included equal pay claims of up to £760m and an £80m overspend on a troubled IT system. A document published on the council's website show that Birmingham's children’s services are set to face the biggest hit financially, with services being cut by around £57 million.

The council are looking for ways to save moneydecalred itself effectively bankrupt last year and will be looking for ways to save money. 29 council-owned properties are also set to appear at a Bond Wolfe auction next month.

The properties will go under the hammer in a livestreamed auction on Thursday 8 February, starting at 8.30am.

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 ten in New John Street West.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “There are a range of opportunities here for entrepreneurs and seasoned investors to bring these properties back to life and into day-to-day use again.

“Similarly, the investment and ground rent lots can provide a steady income for investors looking for a bit of stability in what is still an uncertain economic outlook.We are anticipating high demand, both for the lots offered by Birmingham City Council, and also a wide range of residential, commercial, retail, mixed use and land and investment opportunities.”

Here are four of the council properties set to be autioned:

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