Lloyds Bank building in Maypole, Birmingham set to be auctioned

A commercial building that currently houses the Lloyds Bank in Maypole, in south Birmingham, is coming up for sale in Bond Wolfe’s next auction.

The property at 2-4 Hawkhurst Road in the south Birmingham district will have a £255,000 guide price* in the livestreamed auction that takes place on Thursday, December 14.

The property currently generates annual rental income of £21,500, and the freehold retail investment opportunity also includes a spacious flat above the bank premises.

Ian Tudor, commercial auction director at Bond Wolfe said: “This property is a mainly two-storey detached building that occupies a highly prominent position at the junction of Hawkhurst Road and the main A435 Alcester Road South.

“Maypole is a busy and well-established shopping area in a popular residential suburb, with various local independent traders close by, plus national brands like Iceland, Boots, Betfred, Greggs, Just for Pets, Aldi, Ladbrokes and a large Sainsburys store.

“The property’s ground floor provides a modern banking hall, with glazed partition meeting rooms off, stores, safe room, kitchen and staff room, toilets and an ATM cashpoint room. On the first floor there is a spacious, self-contained flat comprising landing, living room, double bedroom, single bedroom, kitchen, bathroom and separate toilet, while outside there is parking for two cars.

“The flat currently forms part of Lloyds Bank’s lease but offers an excellent future refurbishment opportunity.”