Building built for Queen Victoria’s jubilee sells at auction
A classic Black Country building erected to commemorate Queen Victoria’s diamond jubilee was bought for well over half a million pounds at Bond Wolfe’s latest auction.
The £550,000 paid for the former Bilston School of Art at 38-40 Mount Pleasant in Bilston was part of more than £19.5m raised in sale prices at Bond Wolfe’s livestreamed event on Thursday 26 October.
The building, which had a £495,000+ guide price with planning consent to develop into residential apartments, was built in 1897 and served the region as a place of education for nearly a century.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “I’d like to think that even Queen Victoria might have had a little smile that a building originally celebrating her 60th year of reign more than 125 years ago is still going to be an integral part of the community.
“That healthy sale – along with a wide range of other high prices achieved at our auction – again underlines the ever-expanding value of property.”
Bond Wolfe’s auction on 26 October saw 133 lots sold from the 153 lots offered, an 87% success rate which Bassi pointed out was well above the industry average.
