Bond Wolfe Auctions sees surge in demand for commercial property

Former Methodist Church in Swadlincote, Derbyshire

Bond Wolfe Auctions is experiencing a surge in interest in commercial property after the company’s phenomenally successful first remote bidding auction recorded over £17 million in sales with a remarkable 98% success rate.

From hotels to former Methodist churches to garages to mixed use investments, there is something in the Wednesday 29 July sale of 177 lots for everyone.

Ian Tudor, managing director of Bond Wolfe Auctions, said: “In uncertain times, investors often feel more comfortable with solid investments, something they can touch and feel and enjoy a regular return.

“Commercial property is an old favourite, and we are seeing a return to the basics of investing in property, an asset class that history shows is more resilient then most.”

The range of properties is spread across the Midlands and throughout the UK.

The former Methodist Church in Swadlincote, Derbyshire, is being sold separately from its neighbouring church hall.

The freehold former church building sits within the Swadlincote Conservation Area, but already has planning permission for change of use to eight spacious apartments within a gross internal area of circa 8,000 sq ft. It has a *guide price of £175,000+.

The freehold church hall has received planning permission for change of use to five townhouses in about 6,000 sq ft and is offered with a guide price of £140,000+.

In Birmingham, Bond Wolfe Auctions are offering another former Methodist church in Small Heath which comes with adjoining property at 1 Blake Street, and an attractive guide price of £250,000+.

In Stoke-on-Trent, two mixed use investments sit side by side. 68 Stafford Street offers a former retail unit with potential residential accommodation above and 70 Stafford Street is a mid-terrace former retail unit with potential living space above. Both have a guide price of £5,000+.

In Marston Green, near Birmingham International Airport, Heath Lodge Hotel offers 24 bedrooms and can be considered as an ongoing hotel or potential development project, subject to planning permission. It has a guide price of £695,000+.

In Coleshill, those looking to escape the city commute can consider courtyard style offices in The Courtyard, 15 Gorsey Lane. The two storey offices come with air conditioning, gas central heating and high speed broadband in 2,044 sq ft, all for a guide price of £250,000+.

Mixed retail and residential investment opportunities can be found at 577 and 577a Stoney Stanton Road, Coventry, with a guide price of £260,000+.

Over in Mablethorpe in Lincolnshire, one lot covers 12, 14, 14a, and 16 Tennyson Road, a mixed residential and commercial investment which is fully let, producing £10,030 rental per annum. The freehold property is just minutes’ walk from the sea and town centre and has a tempting guide price of £1,000+.

In Pershore, Worcestershire, 51 High Street is a retail and residential investment opportunity comprising a shop with two flats with a current annual rental income of £22,400. The property is in a prominent position in the heart of Pershore town centre and has a guide price of £225,000+.

A commercial investment property at 423 Grimsby Road, Cleethorpes in South Humberside, offers an attractive high yielding freehold dental lab with ground rent receivable from a first floor flat. The current rental income is £4,350 and the property has a guide price of £20,000.

A major opportunity in Kidderminster, Worcestershire, comes with a town centre mixed use investment at 50-51 Worcester Street. This is a freehold property comprising four flats and ground floor offices, considered suitable for conversion to provide three further flats, subject to planning permission. The current annual rental is £28,800, with a projected income for an extra three flats totalling £45,900.

At 440 Dudley Road, Wolverhampton, a retail investment with vacant flat above is offered with a guide price of £265,000+.

A three storey commercial development opportunity at The Shambles in Wednesbury has planning permission for two retail units and two 2 bedroom apartments in a three storey building. It has a guide price of £165,000+.

Lastly, a Grade II-listed, part commercial, part residential, three storey vacant property at 13 High Street in Cleator Moor, Cumbria, is offered with a guide price of £1,000+.

The auction on Wednesday 29 July starts at the earlier time of 9.00am, to accommodate the large catalogue being offered on the day, and will be livestreamed via Bond Wolfe Auctions’ website with remote bidding by proxy, telephone or internet only.