There’s been a dramatic sell off of Birmingham City Council properties and sites in recent months, with property investors targeted as the likely buyers.
Cuts of some £148m are being considered by the authority, which has seen the imposition of commissioners by the previous Conservative government in a bid to balance the books.
Now it’s selling off another seven properties in Bond Wolfe’s livestreamed auction this month.
The latest varied portfolio going under the hammer on March 27 ranges from a six-bedroomed detached house in Sutton Coldfield and a former caretaker’s house in Kings Heath to shop premises in Dudley Road, a vacant parcel of land in Northfield and a trio of commercial ground rents.
Gurpreet Bassi, chief executive of Bond Wolfe, says: “This is another great opportunity to acquire sites in Birmingham with considerable potential. From substantial homes in excellent areas to commercial premises and valuable ground rents, they all offer the potential for an excellent return on investment.
“We are pleased to be able to offer these seven lots for Birmingham City Council as part of their programme of disposals via our online livestreamed auctions.”
For more details and to register to bid visit the Bond Wolfe website or call 0121 312 1212 or 01902 928 510.
This article is taken from Landlord Today