Property buyers have the rare chance to buy one Birmingham’s quirkiest buildings – and it could be yours for just £1.
The substation, which is located in Jerrard Drive, is going up for auction on Wednesday, September 16, with the tiny guide price.
Auctioneers Bond Wofe said the property has an area size of around 1,219 square foot and is just a stones throw away from Sutton Coldfield’s train station.
But the building has a lease term of 99 years since March 25, 1995. Meaning there is 34 years left unspent before it could be, potentially, changed.
Further details relating to the Lease will be available within the legal pack, a spokesman said.
Bond Wolfe Auctions will in the UK’s largest-ever remote bidding, livestreamed auction on Wednesday, September 16, featuring a record-breaking 214 lots.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “While some houses have low guide prices because of their need for repairs or renovation, they can provide the perfect opportunity for those working with a limited budget to get on the property ladder.”
Many of the properties featured in Bond Wolde Auctions’ sale have virtual tours available, and more details are available at www.bondwolfeauctions.com.
The auction starts at 9am and will be livestreamed via Bond Wolfe Auctions’ website with remote bidding by proxy, telephone or internet only.