Victorian pub building purchased ahead of auction

A Birmingham pub building has been acquired pre-auction by a private investor in an off-market deal.

106-110 Edmund Street, a Victorian building that houses The Florence, has been sold by Rochda. The property also includes 17 self-contained apartments on the upper floors accessed via a separate entrance, which have been sold on a long leasehold at a peppercorn ground rent.

The building was set for auction at a guide price of £995,000 plus in Bond Wolfe’s live streamed auction on September 14.

Jack Sinclair, Director at WTS Property Consultants commented: “I am pleased to have been able to secure this property on behalf of our client ahead of the auction next month. This is a prime public house investment let to Greene King with an AGA from Whitbread and it fits perfectly into our client’s estate”.