Derelict former social club set to go under hammer for over £1m at auction
A former West Midlands social club with planning permission for 50 apartments is set to go under the hammer next month.
The former Ivy Leaf social club in Sheldon, Birmingham is one of a number of properties due to be sold by Midlands auctioneer Bond Wolfe on Thursday, December 11.
The property sits on 0.75 acres of land and has planning consent for demolition and redevelopment to build a three-storey block of 50 apartments with a ground floor retail unit and car parking.
Listed as a freehold residential development, it has been granted residential planning permission but has potential for other uses, if alternative planning consent could be secured. The existing proposal would see demolition of the existing buildings, replacing them with a block of 35 flats and another of 15.
James Mattin, managing director and auctioneer at Bond Wolfe, said: “This is a great oven-ready development opportunity in a highly prominent position with great access to the city centre and beyond.
“The multi-level configuration offers flexibility for redevelopment, while the existing structure provides a solid foundation for potential conversion or expansion.
“Given its current state, the site presents significant opportunities for repurposing or redevelopment, subject to planning consents.”
The former Ivy Leaf club will be among scores of lots appearing in Bond Wolfe’s next auction which is due to start at 8.30am on Thursday 11 December.
Also included in the auction in a freehold interest in 47 ground rents on Metro Court in West Bromwich, which is listed with a guide price of £75,000+.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
