Bond Wolfe raises £25m as October success rate soars

Bond Wolfe’s October auction raised more than £25.2m as 92% of the 156 lots on offer sold. A total of 142 lots sold, including two for Birmingham City Council. Two freehold retail properties at 147 & 147a Dudley Road, Birmingham, sold for their £315,000 guide price, while a freehold retail investment at 74 Nursery Road, Hockley, sold for £175,000 off a guide of £160,000. The top seller of the day was the first lot, which saw competitive bidding for a former Methodist church at 140 Alum Rock Road, Birmingham. The freehold vacant building sold for just over £1.5m, off a guide of £350,000. Gurpreet Bassi, chief executive at Bond Wolfe, said: “This is a very good result, and bodes very well for our next livestreamed auction on Wednesday 11 December.” He added: “We wait with interest to see what measures announced in the coming Budget may impact the property market, but our regular and new clients know that at auction they have the opportunity to buy and sell – investing capital and creating new opportunities to develop their property portfolios.”