Birmingham Council puts four more assets under the hammer

Four more Birmingham City Council sites are set to go under the hammer at Bond Wolfe’s auction next month. The council is seeking to sell two potential development plots, a small shop and an advertising hoarding in Bond Wolfe’s livestreamed auction on 11 December as it continues its disposal programme to help repair its finances. The largest is a rectangular parcel of land off Coleshill Road in Birmingham, measuring 44,013 sq ft and guided at £400,000-plus. The other potential development plot is a 22,462 sq ft site fronting Queensbridge Road in Birmingham, listed at £450,000-plus. Also listed is 1C Walford Road, Sparkbrook, Birmingham, a freehold single-storey retail investment opportunity, which is let from April 2001 on a full repairing and insuring lease at an annual rent of £5,000. It has a guide price of £125,000-plus. Land with an advertising hoarding at 400-404 Stratford Road, Birmingham, is listed with a guide price of £75,000-plus. The hoarding measures 495 sq ft and generates a gross income of £2,500 pa. It sits on the corner of the A34 Stratford Road and the A41 Warwick Road, in a mixed area of homes and commercial properties. The freehold is being sold subject to the existing lease from June 1983. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.