Wedding venue set for auction
A wedding venue and banqueting suite in Birmingham is set to go under the hammer at auction with a price tag of around £1.5m.
The Mayfair Suite at Park House in Park Lane, Handsworth, has a current gross income of £212,640 a year.
The large detached premises are subdivided to include a showroom, industrial units and two flats as well as the wedding and banqueting suites, together with parking spaces for around 70 cars.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “The Mayfair Suite has an enviable reputation up and down the country as one of the best wedding venues, and it’s particularly popular with Asian families seeking a place for large functions.
“The other space included in the lot makes it ideal for a buyer who wants to also develop other profitable uses for manufacturing, storage and residential rentals, subject to planning permission.”
The mixed-use investment opportunity lies in a prominent position on the western side of Park Avenue just off the main A41 Holyhead Road.
The Mayfair Suite is just one of the 140 lots going under the hammer in Bond Wolfe Auctions’ next sale on Tuesday 10 September at 10.30am at the regular venue of the Holte Suite at Aston Villa FC.
