Former care home goes under the hammer
A former 14 bedroom care home in Halesowen will be in the spotlight for residential developers and investors when it goes under the hammer in Bond Wolfe Auctions’ next auction.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said the property at 15 Lyde Green, Halesowen, was potentially suitable for a variety of uses, subject to planning permission.
The property, which is empty, is within walking distance of Cradley Heath railway station, approximately two miles from the Merry Hill Shopping Centre and four miles from Russell’s Hall Hospital.
It previously housed 16 care home residents across 14 rooms and comes with a guide price of £395,000.
Bassi said: “We are expecting a lot of interest in this property as it has the potential for an interesting variety of uses, ranging from its current care home use, to a boutique hotel, or a house of multiple occupation, or possibly apartments, depending on planning permission.”
The December auction follows Bond Wolfe Auctions’ record result of £21.3m at its October sale.
The company sold 185 lots from the 201 lots offered on Wednesday 28 October, which represented an impressive success rate of 93%.
Its previous record was set at its auction in February this year, which achieved total sales of just over £20.25m.
Bassi said: “We are experiencing a huge interest in our livestreamed auctions, with 603,152 website page views, 103,626 video tours watched and over 32,666 people tuning in to watch the 28 October auction live.”
Bond Wolfe Auctions’ next online auction will be livestreamed from 9am on Wednesday 9 December 2020, with remote bidding by proxy, telephone and internet only.