Blogs

A Midlands investor is feeling in the pink after scooping a healthy £75,000 profit in under two months when he sold a former health Centre in Burntwood, Staffordshire, in the February auction held by Bond Wolfe.

A 5,400 sq ft complex sitting on almost a third of an acre of land, the former NHS medical centre in Hudson Drive has been empty since last year, when the medical practice moved to the new £3.4 million Greenwood Health Centre on nearby Lichfield Road.

The private investor acquired the site from a leading London-based auction house’s sale in December for £415,000.

It was

Movie-buffs could snap up their dream property purchase as a historic Lancashire Palladium Cinema goes to auction this week.

Located three miles from Blackburn, the 1930s Palladium Cinema and Bingo Club on Union Road in Oswaldtwistle is up for auction – promising a once-in-a-lifetime opportunity for someone to restore a historic landmark in the heart of the town.

Once a 1,000-seater cinema, it then became a bingo hall but has been vacant for a number of years.

The building is expected to be converted into apartments or a mixed-use scheme, subject to the planning permission, and comes

Talk to most people about Ground Rents and they’ll look at you blankly. But for those property professionals in the know, Ground Rents are a lucrative and low hassle way to be a landlord and make money.

‘It’s a niche sector, but it’s highly regarded by those who understand it, and once people understand it, they can’t believe they’ve never done it before!’ says Toby Limbrick, auctioneer and director of Ground Rent Auctions, a specialist division from Network Auctions.

‘We’ve been thinking about setting up a specialised Ground Rent auction service for a while, and given the success of being

The first Acuitus commercial property auction of 2022 raised £21.82m with a success rate of 97%. Eight lots sold for over £1m, and the average sale price was £855,700.

Acuitus Chairman, Richard Auterac, commented: “This was an emphatic opener for our 2022 auction series and there was tremendous energy from investors with retail parades, trade counters and asset management opportunities generating a particularly high level of bidding.”

A parade of five shops with residential above at 288-306 High Street in Harlington, West London was sold for £2.46m - £800,000 above its initial guide

Bond Wolfe are a founding sponsor of The PROPS – the Midlands Property Awards to be unveiled for the first time at a black tie gala event at The Grand Hotel in Birmingham, is a chance for the industry to shout from the rooftops about the huge success of the regional property market, according to one of the West Midlands’ leading experts.

James Mattin, managing director agency at Bond Wolfe, said: “The PROPS has been run by Variety, the children’s charity, since 1992, and we at Bond Wolfe are delighted to be one of the founding sponsors for the Midlands event.”

The awards will be presented

Bungalows are always popular auction lots and SDL Property Auctions has a good selection of properties of this type in its second auction catalogue of the year, released ahead of its live-streamed National Property Auction on Thursday 24th February. 

There’s the chance to get stuck into a refurbishment project in Shropshire, where 14 St James Drive in Bridgnorth is being sold in partnership with Nock Deighton with an attractive *guide price of £110,000+. The two bedroomed semi-detached bungalow in a quiet cul-de-sac within walking distance of Low Town amenities has recently experienced

SDL Property Auctions has started the year as it means to go on – with a packed month of successful auction sales.

Many buyers in the first National Property Auction of the year and across Timed Auctions on the SDL Property Auctions website were keen to snap up a development project to kick-start their property plans in 2022. 

Managing director and auctioneer of SDL Property Auctions, Andrew Parker said: “It was fantastic to be back at the rostrum for our first live-streamed auction of the year. However, our Auction Events are only part of the picture as we have been selling properties

Growing investor demand has led to a further six commercial property assets owned by Birmingham City Council being placed in Bond Wolfe’s next auction on Wednesday 9 February.

The auction will lead off with a freehold retail premises at 184 Sutton New Road in Erdington going under the hammer with a guide price* of £200,000+. The property has retail space and offices and has secure side parking for up to five cars.

This will be followed by five of the popular commercial ground rents and garages lots that sold well in Bond Wolfe’s 2021 auctions.

These include the freehold

A former public house in a Derbyshire town with planning permission for conversion into nine apartments is set to attract competitive bidding at Bond Wolfe’s auction next month.

Brennan’s Bar at 2 Regent Street in Long Eaton has been listed with a guide price* of £250,000+ in the livestreamed auction on 9 February.

The vacant freehold property, which was previously a Conservative Club until the early 2000s, lies in a prominent position fronting the northern side of Regent Street within Long Eaton town centre, near to the busy Market Place.

Ian Tudor, joint managing director of

A former Victorian pub now transformed into a Turkish restaurant is among the more unusual lots coming up for sale at Bond Wolfe’s auction on Wednesday 9 February.

The Former Old Red Horse, at 52 Barras Green, Barras Heath in Coventry, is listed with a guide price* starting at £238,000+.

It currently trades as the Sofra Anatolia Turkish restaurant with both indoor and alfresco dining areas as well as off-road parking at the front. The property includes self-contained living accommodation on the upper floor.

The property is freehold subject to a lease for seven years from the 31