Former bank premises to go under the hammer

A landmark building in Rowley Regis is coming up for sale with a £195,000 price tag at an auction next month.

The former HSBC branch, at 185 High Street, in Blackheath town centre, was converted to a restaurant five years ago.

It is also seen as suitable for a variety of alternative uses, subject to obtaining any necessary planning permissions.

The property is expected to attract considerable interest from potential investors from across the UK.

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.

“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 auction, which will be held on December 9, follows Bond Wolfe Auctions’ record result of £21.3m raised 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%.