The leading Midlands-based commercial property and auctioneer, announces that it achieved £100 million sales in 2019.
The record-breaking auctioneer Bond Wolfe Auctions, as well as the commercial property agency company, Bond Wolfe, have announced that the pair set an impressive new sales record for their activity last year.
Commenting on the achievement, James Mattin, Bond Wolfe Managing Partner, said: “The results reflect the strong regional economy and the growing attraction of the Midlands to national and international buyers.”
Bond Wolfe achieved a series of high profile deals throughout last year, including the £4.25m sale of Telecom House in Wolverhampton Coventry’s The Flying Standard for £3.225m, and Metro Court and Plymouth House in West Bromwich for £2.2m and £1.45m respectively.
Launched in January 2019, Bond Wolfe Auctions has rapidly taken the market by storm, racking up £81.4m in sales, selling an impressive 654 lots out of 752 offered in their six auctions – boasting an average success rate of 87%.
Gurpreet Bassi, Chief Executive Officer (pictured) of Bond Wolfe Auctions, said: “Our amazing first year was the result of the coming together of a number of factors.
“Firstly, the fantastic team we have assembled at Bond Wolfe Auctions – 18 people with a combined 300 years of experience.
“Plus our results from day one speak for themselves, and this has attracted more and more sellers looking for buyers, fuelling the fire, so to speak.
“And with London and the south-east seriously overcooked and overvalued, investors are looking regionally for the better buys.
“And as we are now the biggest auctioneers outside of London, Birmingham every other month is their obvious port of call.”
Bond Wolfe Auctions’ year ended on a high with their December sale generating an exceptional 95% success rate where 151 lots were sold from the 159 offered. The impressive figures of the December auction resulted in the highest sales rate for a Midlands auction for 15 years.
Summarising the year, James added: “2019 was not the easiest year for many property businesses, but Bond Wolfe consistently outperformed the market, not least because of the quality of the people in our business.
“While others had one eye to a General Election and continuing Brexit uncertainty, our staff got on with the job, and the results reflect this.
“The Midlands is becoming the UK’s hotspot for those seeking both value and available stock – a potent mix – and we look forward to growing the business further in 2020.”