A former office building in Lichfield is set to go under auction with the site earmarked for residential redevelopment.
Featured as part of Bond Wolfe Auctions‘ next sale on December 11th, Bridge House is one of 164-lots in what will be the Midlands’largest auction of the year.
A guide price of £650,000 has been placed on the former office building, as it is seen as a prime development opportunity for those with the relevant capital.
Gurpreet Bassi, Chief Executive of Bond Wolfe Auctions, said: “We expect this development site to attract considerable interest from both the local and national property community. The demand for homes in Lichfield far outweighs the supply, and this site comes with planning permissions already in place, making it effectively ‘oven-ready’ for any potential developer.
“Lichfield is a delightful small city and one of the most popular places to live in the region, so whoever secures this site will be in a very fortunate position.”
Planning permission is already in place as of last summer to convert Bridge House into homes, giving property investors the rare opportunity to invest in Staffordshire.
The location of Bridge House couldn’t be more ideal; located just a short distance from Lichfield city centre and the railway station, the two-storey office building has the capacity to create up to 24 apartments.
Despite only launching earlier this year, Bond Wolfe has made an impressive start to its auctions division, so far selling 503 lots out of a total of 592 offered, raising over £66.2 million.
Bond Wolfe Auctions currently boast an average success rate of 85%, making them comfortably the West Midlands’ leading auctioneer.
For more information, or to make an early purchase, please refer to the listing on Commercial People.