Bond Wolfe smashes £100m sales ceiling in 2019

Bond Wolfe, the West Midlands-based commercial property agents and auctioneers, achieved a record £100m sales in 2019.

Major sales achieved by Bond Wolfe during 2019 included Telecom House in Wolverhampton which was sold for residential use for £4.25m, The Flying Standard pub in Coventry for £3.225m, Metro Court in West Bromwich for £2.2m and Plymouth House in West Bromwich for £1.45m.

Managing partner James Mattin said: “The results reflect the strong regional economy and the growing attraction of the Midlands to national and international buyers.”

Bond Wolfe Auctions was launched in January 2019 and rapidly took the market by storm, racking up £81.4m in sales, selling 654 lots out of 752 offered in six auctions, for an average success rate of 87%.

The year ended on a high with the December auction with an exceptional 95% success rate when 151 lots were sold from the 159 offered – the highest sales rate for a Midlands auction for 15 years.

And 2020 has started with a new record catalogue of 215 lots to be offered at Bond Wolfe Auctions’ sale on Thursday 27 February at Aston Villa FC.

Gurpreet Bassi, chief executive officer 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.”

Mattin 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 very much 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.”