Industrial unit owned by Birmingham City Council up for sale at auction
Auctioneer Bond Wolfe is predicting “considerable interest” in the property in Sparkhill
An industrial unit generating nearly £20,000 a year in rent is being sold on behalf of Birmingham City Council in Bond Wolfe’s next auction.
8-11 Alfred Road, Sparkhill, Birmingham, is being offered for sale with a guide price of £250,000-plus in the livestreamed auction taking place on July 9 from 8.30am.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “This is a traditional two-storey industrial unit currently utilised as mixed manufacturing/office premises.
“The property is let on a full repairing and insuring basis, for a term of 20 years from 18 July 2025, at a rental figure of £19,750 per annum, subject to rent reviews every five years.
“As a result, we expect it to be of considerable interest to property investors looking for solid returns on their investment. We are predicting considerable interest when this property comes up for sale at our next livestreamed auction. Lots such as this attract interest from potential bidders nationwide, and even from abroad.”
The unit, for sale as a freehold commercial investment property, stands flush to the pavement and the site extends to approximately 8,062 sq ft. The ground floor measures 2,519 sq ft and the first floor is around 863 sq ft.
It will be among scores of lots featuring in the property business’s next auction, which will be livestreamed via Bond Wolfe’s website - with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit email [email protected] or call 0121 312 1212 or 01902 928510.
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