A landmark building in the town of Rowley Regis is to be part of the upcoming Bond Wolfe Auctions online sale taking place on Wednesday 9th December.
Starting with a £195,000+ price tag, the property at 185 High Street, in Blackheath town centre was formerly an HSBC branch prior to its conversion into a restaurant five years ago.
Ian Tudor, Managing Director of Bond Wolfe Auctions, said: “This is a particularly attractive empty freehold property, in a prominent position. It has a large open plan area on the ground floor as well as a basement and accommodation on the first floor. It would suit a broad variety of uses in addition to its current configuration as a restaurant and has been priced to attract keen interest.
The property is suitable for a variety of alternative uses, subject to obtaining any necessary planning permissions.
At present, 185 High Street is laid out to provide a largely open plan area on the ground floor with former kitchen and preparation areas, a separate room suitable for private dining, and an inner lobby with access to a spacious basement area.
On the first floor, there is a single bedroom with en-suite shower room, lounge, kitchen area, double bedroom, shower room with WC. The flat has gas fired central heating.
Outside there is a side driveway and small parking area to the rear. The property is in need of refurbishment throughout but is considered suitable for continuation of its existing use as a restaurant/bar or a variety of alternative uses, subject to planning permission.
In total, the premises offer around 3,640 sq ft of space, but Bond Wolfe Auctions advises that any interested parties should obtain their own verification of the floor areas and dimensions and ensure that it is suitable for any proposed future use.
The property sits on the roundabout junction of the High Street and Birmingham Road. It is surrounded by a good mix of local retailers as well as national operators including Sainsbury’s, Wilko, Iceland, Greggs, Coral, Specsavers and Age UK.
Mr Tudor continues: “Interest in commercial property is clearly growing, and we expect to see competitive bidding for this substantial town centre lot.
“Lots such as this attract interest not just from investors regionally but increasingly from London and the South West, confirming Bond Wolfe Auctions’ as a truly national auction business.”
The growing interest in properties such as the one on 185 High Street has led Bond Wolfe Auctions to recently announce plans to run commercial auctions separately from residential sales from the Spring of 2021.
The upcoming December auction follows Bond Wolfe Auctions’ record result of its 93% success rate – £21.3 million raising October sale.
Mr Tudor concluded: “We are experiencing a huge interest in our live-streamed auctions, with 603,152 website page views, 103,626 video tours watched and over 32,666 people tuning in to watch the 28th October auction live.”