A public toilet in Icknield Street in Hockley has been sold at a Birmingham Property Auction for the seemingly ‘potty’ sum of £50, 000. However, a number of more conventional properties failed to reach the reserve, presenting an excellent opportunity for astute Auction buyers.
The toilet went for £20, 000 above the guide price; however the location and potential of the property as a commercial premise made it a canny purchase. Nevertheless, the new owner would have been ‘relieved’ to know that all sanitary ware had been removed from the property before the sale.
Birmingham City Council, who previously owned the building, put nine other lots for sale in a bid to liquidate unwanted property.
The Property Auction was held by CP Bigwood at Villa Park
An impressive £1. 5m was raised at the Auction
The published results indicate that £1. 5m was made from the Auction.
However a number of lots did not sell as they failed to reach the reserve (listed below).
Post-Auction is a great way to purchase even bigger bargains as vendors can become more flexible with their expectations.
Read our article on buying bargain unsold lots at Property Auction.
The unsold properties in this Auction in Birmingham included:
- Pye Green Road, Cannock, Staffs WS11 5S
- Moseley Road, Balsall Heath, Birmingham B12 9B
- Bottville Road, Acocks Green, Birmingham B27 7Y
- Alma Street, Birmingham B19 2A
- Austin Lane, Birmingham B19 2A
- Porchester Street, Birmingham B19 2L
- Albert Road, Aston, Birmingham B6 5P
- Gipsy Lane, Willenhall, WV13 2H
- Birchfield Road, Perry Barr, Birmingham
- Westbourne Grove, Handsworth, Birmingham B21 0S
- Oakwood Road, Sparkhill, Birmingham B11 4E
- Hall Green Road, Stone Cross, West Bromwich B71 3J
(For a Full list of unsold lots contact CP Bigwood)