Industrial, mixed use and hotel lots included in commercial opportunities offered by auction
Commercial property investors will have a wide range of choice at Bond Wolfe Auctions remote bidding auction on Wednesday 24 June.
Properties going under the hammer range from an industrial warehouse unit, to a town centre mixed use development, an industrial estate of 11 units and a hotel.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “This will be the first chance our clients have had since lockdown started and there is a variety of opportunities.”
In Tamworth, Unit 4, Bridgeside Trading Estate, Kettlebrook Road, is a modern freehold property on a small, well established trading estate. It offers 3,938 sq ft with an additional 1,677 sq ft on a steel mezzanine floor.
The property has offices on the ground and first floor and full height roller shutter access leading to the concrete forecourt and car parking. It could be suitable for a trade counter, subject to planning permission.
It is offered with a guide price* of £225,000+.
In Kidderminster, Bond Wolfe Auctions is offering a freehold town centre mixed use investment opportunity at 50-51 Worcester Street, Kidderminster.
It currently comprises four flats, and ground floor offices which may be considered suitable for conversion to two further flats, subject to planning permission. The property has an estimated full rental income of £40,800 per annum and has a guide price of £350,000+.
In Tyseley, Birmingham, Klaxon Industrial Estate is an investment opportunity of 11 units with a current gross income of £95,250 per annum and the potential for an increase when fully let to £122,250 per annum. The property is being offered with a guide price of £850,000+.
Close to Birmingham International Airport and the NEC, Heath Lodge Hotel at 117 Coleshill Road, Marston Green, is a long established freehold property which operated as a hotel for more than 50 years.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Heath Lodge Hotel offers a wide range of opportunities. It could continue as a hotel with licensed bar and restaurant, or a variety of alternative uses including residential development, a care home, house of multiple occupation or a day nursery, subject to planning permission.
“Its location close to the airport, railway station, NEC and Resorts World and a range of local commercial and residential areas means that its future use is flexible.”
Currently, Heath Lodge Hotel has 23 well presented bedrooms, each with ensuite shower facilities, flat screen TVs, tea and coffee facilities and wireless broadband. These include nine double bedrooms, six twin rooms, eight single and one triple bedroom.
There is one additional bedroom, currently used by staff. It has car parking to the front for approximately 20 cars + and has a guide price of £750,000+.
Due to the current COVID-19 restrictions, bidders will not be able to attend the auction in person.
Instead, it will be livestreamed via Bond Wolfe Auctions’ website, with remote bidding by proxy, telephone or internet, with pre-registration no later than 24 hours before the auction at. Click here for further details and to register to remote bid.
For more information on property auctions or further advice on remote bidding, please contact Bond Wolfe Auctions on 0121 312 1212 or email firstname.lastname@example.org.