Birmingham City Council Announces Major Property Auction for March
Birmingham City Council has unveiled its latest list of properties set for sale this month, with seven significant assets going under the hammer. The auction, scheduled for March 26, includes a diverse range of lots such as land parcels, a community centre, commercial units, and even a former cemetery office. These properties will be featured in Bond Wolfe's upcoming auction, which commences at 8.30am on Thursday, March 26, offering investors and developers unique opportunities in key areas of the city.
Prime Land and Development Sites Up for Grabs
The auction highlights several high-value land plots with potential for various uses, subject to planning permissions. Land adjacent to 1 Stone Road in Edgbaston is a notable lot, with a guide price of £100,000. This freehold site spans approximately 4,380 square feet and is strategically located near the A38 Bristol Road junction. Gurpreet Bassi, chief executive of Bond Wolfe, emphasized its proximity to new residential and student accommodation developments, making it an attractive option for developers seeking a walkable distance from Birmingham city centre.
Another key offering is the land at Victoria Road in Aston, priced at £275,000 or more. This irregular-shaped parcel covers about 3,186 square meters (0.78 acres) and is marketed as suitable for multiple uses, pending necessary consents. Similarly, the land at Key Hill in Hockley stands out with a guide price of £800,000, featuring a substantial vacant freehold site of around 3,257 square meters (35,058 square feet), ideal for redevelopment projects.
Community and Commercial Properties in Focus
The auction also includes the Community Centre & Land at 1-9 Carpenters Road in Lozells, with a guide price exceeding £200,000. This property comprises a community centre with storage, office, and kitchen spaces, totaling 626 square meters (6,738 square feet), along with four car parking spaces. It is currently let on a full repairing and insuring lease at £13,000 per annum, offering a steady income stream for buyers.
In Newtown, Unit 2 (Shop 4) at Wheeler Street Shopping Centre is available for £25,000 or more, held under a 99-year lease from 1968 with a ground rent of £175 per annum. Additionally, Units 3 and 4 (Shops 6 and 8) at the same centre are listed at £50,000, each subject to similar lease terms with combined ground rents of £350 per annum. These retail units present opportunities for investors looking to capitalize on Birmingham's bustling commercial landscape.
Auction Details and Participation Information
The Bond Wolfe auction will be livestreamed online, allowing remote bidding via proxy, telephone, or internet. Interested parties can register to bid through Bond Wolfe's official website or contact their auction team via email or phone for further details. This event marks a significant move by Birmingham City Council to divest assets, potentially fueling local economic growth and urban regeneration across diverse neighbourhoods from Edgbaston to Hockley.
With properties ranging from vacant land to income-generating units, this auction underscores Birmingham's dynamic property market and the council's ongoing efforts to optimize public assets for community benefit and development.
