A former children’s home in Hockley owned by Birmingham City Council sold well at Bond Wolfe’s most recent auction.
Bond Wolfe’s October auction raised £24,012,650, bringing the total for the year after six auctions to £144 million.
Of the 152 lots offered, 136 sold for another market-leading percentage sold of 90%.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “This was another outstanding result and a tribute to the team at Bond Wolfe who all worked so hard to ensure a great outcome.
“Whatever the Budget brings, and we hope it will be positive for business, buyers and sellers can be sure there is always strong demand for land and properties offered in our regular auctions.”
See four standout properties that sold above its guide price at Bond Wolfe’s recent auction:
1. 5-11 Lombard Street - Stourport-on-Severn
A mixed use freehold opportunity at 5-11 Lombard Street, Stourport-on-Severn was sold for £500,000 from a guide price of £475,000+. | Bond Wolfe
2. 31 Gravelly Hill - Erdington
A former funeral directors was sold at 31 Gravelly Hill North, Erdington, Birmingham for £414,000 from a guide price of £350,000+. | Bond Wolfe
3. Supermarket (Iceland) - Acocks Green, Birmingham
A supermarket retail investment located at 1133 Warwick Road, Acocks Green, Birmingham, let to Iceland Foods Ltd at an annual rental of £78,800 per annum sold for £758,000 from a guide price of £550,000+. | Bond Wolfe
4. Former children's home - Hockley, Birmingham
The 0.4 acre site at 63 Clissold Street, Hockley went under the hammer with a guide price* of £250,000+ and sold for £860,000. The freehold property included a detached two storey former children's home, standing back from the road behind a foregarden with off-road parking to the side. | Bond Wolfe