Two potential building sites are scheduled for the next CPBigwood auction on Thursday, May 1, at the Holte Suite, Aston Villa Football Ground.
They form part of 124 lots including 11 put up by Birmingham City Council, three from Solihull Council and one from Wolverhampton Council.
Jonathan Hackett, partner and head of auctions at CPBigwood, said:
“It is a good mix of residential and commercial, investments, development opportunities, ground rents and garages. It ranges from particularly desirable areas like Hagley and Knowle, expected to attract a lot of attention, to some incredibly cheap semis needing a lot of work.”
Even James Turner Street, Winson Green, the setting for controversial documentary series Benefits Street, features – land at the rear of No 74 is on offer for £20,000.
The Hagley properties are Strathearn on Western Road and the almost next door Rose Cottage and Thicknall Cottage.
The former, with a guide price of £900,000 to £1 million currently comprises a substantial six bedroom, four reception room, detached house situated on a site of about one acre. It is thought up to ten homes could be accommodated, part of a wider scheme for 70 houses for which outline planning permission has been granted. The latter, two attached cottages in need of either demolition or complete renovation, has a very low guide of £180,000 for both of them.
At Knowle, three smart semi-detached properties on Longdon Road are available – Nos 83 and 77 have a price tag of £150,000 to £175,000 with No 83 on at £175,000 to £195,000. A detached cottage at 32 Stoneton Crescent, Balsall Common, has a low guide in excess of £250,000.
A number of Grade II Listed buildings will go under the hammer – late 19th century detached property, 8a The Gardens, Fentham Road, Birmingham, was originally a children’s home but recently used as offices, guide price £100,000; Steps House, 10-12 St John Street, Bromsgrove, was the office home of a local firm of solicitors, guide price £170,000-£180,000; an end terrace near to Coventry city centre at 13 Lower Holyhead Road, Coundon, has a very low guide of £25,000 to £35,000; and the former Rosswyn Hotel, High Street, Ross on Wye, believed to date from 17th Century, £250,000.
The leisure industry continues to find times hard.
Pubs and hotels coming up are the King Edward, 158 Queens Street, Rushden, Northants, guide price £150,000; the former Five Ways, 90-91 High Street, Cradley Heath, converted into a retail/showroom area on the ground floor and five flats on the first and second floors, £200,000-£225,000; land off Berrendale Road, Castle Bromwich, once a pub site, £120,000-£130,000; the former Haven Hotel, 15 Claremont Street, Bilston, £200,000-£227,000; The Sportsman, Garrison Lane, Birmingham, £150,000-£175,000; Sampson Lloyd, Cape Hill, Smethwick, a former Lloyds Bank Chambers, recently converted into a bar and restaurant, £235,000-£240,000; and the former White Lion, 152 Muntz Street, Small Heath, in excess of £280,000.
The Midland Red Sports & Social Club, Wolverhampton Road South, Birmingham has a guide price of £225,000-£250,000 while the Golden Cue Snooker Club, Regis House, Station Road, Rowley Regis, complete with 16 full sized tables, is at £295,000.
And a Mission Hall, 95 Adderley Road, Saltley, built in the early 1900s and since extended, perhaps suitable for community-type use, is priced at just £35,000.
Exciting investment opportunities take in The Vineyards, 63 Head Street, Pershore, gross income £33,780, guide price £300,000-£350,000; Lichfield Road Trade Park, 35-41 Lichfield Road and 1 Catherine Street, Aston, current rent £45,513, £575,000-£600,000; a freehold block of six apartments, 31-36, 14 Coney Lane, off Blackhorse Road, Bedworth, producing just under £40,000 per annum, £350,000; and Unit 1-6, 17 Selbourne Road, Handsworth Wood, producing £23,500, £175,000-£195,000.
Bargain lots include a fire damaged semi in Cherry Street, Graisley, Woverhampton, guide price £45,000-£50,000; 64 Prosser Street, Wolverhampton, a three bedroom mid-terrace, £19,000-£24,000; 7 New Street, Tipton, also a three bedroom mid-terrace, £19,000-£25,000; a derelict semi at 78 King Charles Avenue, Bentley, Walsall, £45,000-£50,000 and a semi needing substantial work, 319 Deans Road, Heath Town, Wolverhampton, just £18,000-£24,000.
The auction begins at 11am.
