Bond Wolfe Auctions, brought the hammer down on its first auction in Birmingham after raising \u00a316.7m.<\/p>\n
The business was launched in January, reuniting a number of senior people who had worked together at CP Bigwood then SDL Bigwood, following the 2016 merger.<\/p>\n
It sold 103 of the 115 lots on offer at the auction, which was held at Aston Villa.<\/p>\n
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “When we launched Bond Wolfe Auctions in January with a highly experienced team that has worked together for a long time, we hoped we would hit the ground running.<\/p>\n
“But this result has exceeded all our expectations.”<\/p>\n
Highlights included the sale of the former Selly Oak Water Tower, which sold for \u00a3238,000 off a guide price of \u00a3100,000-plus, and several residential properties from across the West Midlands which over-achieved the guide price by more than 70%.<\/p>\n
A number of commercial properties also attracted substantial interest with a number selling pre-auction, including a large mixed use city centre investment in King William Street, Coventry, which was sold “well in excess” of the guide price of \u00a3595,000.<\/p>\n
Ian Tudor, managing director said: “These were just some of the highlights in what was a phenomenal auction by any standards, regardless of the fact it was our first auction.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Property auction ‘exceeded all expectations’ after business launched in January<\/p>\n","protected":false},"author":18,"featured_media":2027499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[81],"class_list":["post-2027497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story"],"yoast_head":"\n