Commercial People agent Bond Wolfe Auctions is looking for buyers for one of Wolverhampton’s most prominent city-centre buildings.
Going up for sale with a guide price of £1.25 million, Bond Wolfe Auctions expects the three-storey building to be one of the star commercial lots of their upcoming auction on December 8th.
Chapel Court on Market Street houses a large Job Centre Plus office and is also occupied by Merkur Slots. The building extends to 18,784 sq ft and, alongside its potential for redevelopment, the building currently generates £145,966 per annum in rent.
Pictured above, the property stands close to the Mander and Wulfrun Shopping Centres, Wolverhampton Grand Theatre, Crown Court, Wolverhampton College, bus, coach and railway stations, with a broad mix of local and national retailers, nearby.
Commenting on the building, Ian Tudor, Joint Managing Director at Bond Wolfe Auctions, said: “This property occupies a prime position in Market Street, with frontages along both Queen Street and Castle Street, in the heart of Wolverhampton city centre.
“We are delighted to be offering the prime freehold of this property for sale at our next auction; it is an excellent investment offering future redevelopment potential – subject to obtaining the necessary planning permissions, of course.
“We are expecting considerable interest from a wide range of bidders and property investors.”
Chapel Court is just one of several lots that will appear in Bond Wolfe’s next auction, which starts at 9 am on Wednesday, December 8th.