Grade II-listed shops in Wolverhampton city centre going to auction
The leaseholds on four historical shop premises will be included in the auction next month.
The leaseholds on four historical shop premises on the same street in Wolverhampton city centre will be up for grabs at an auction next month.
The 18th century, Grade II-listed properties at 28a, 28b, 31 and 32 Snow Hill are each listed with a guide prices of £30,000 in the livestreamed auction on Thursday 9 July.
Gurpreet Bassi, chief executive of Bond Wolfe, explained that all four lots are long leasehold properties for sale as commercial investments.
Mr Bassi said: “These properties all front the western side of Snow Hill in Wolverhampton city centre, just off the A4150 Ring Road St Johns.
“This is just a short distance south of the main retail core, including the Wulfrun and Mander Shopping Centres.
“Snow Hill is a historic area of Wolverhampton, the parade having undergone a refurbishment programme some years ago, all be it the original character of the buildings has largely been preserved.”
All four of the three-storey properties date from the mid to late 18th century, with modern shopfronts.
28a, 28b and 31 Snow Hill each generate rental incomes of £6,000 a year, while 32 Snow Hill produces rent of £6,500 a year.
Mr Bassi added: “Offers above the guide price may be considered for all four properties ahead of the auction.”
The Wolverhampton shops will be among 173 lots featuring in Bond Wolfe’s next auction, which starts at 8.30am on Thursday 9 July.
The auction 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 bondwolfe.com/auctions/properties, email [email protected] or call 0121 312 1212 or 01902 928 510.
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