Bond Wolfe celebrates strong year for auctions

Property brand and auctioneer Bond Wolfe has recorded total sales revenues of more than £178 million for 2023.

The auctions division raised an impressive £150,642,410 in sales across seven auctions in the 12 month period, selling 963 lots from the 1,116 offered – a success rate of 86%.

On top of this, the commercial agency side of the business added another £28.15m, taking Bond Wolfe’s total property sales to £178,792,410 for the year.

Gurpreet Bassi, chief executive of Bond Wolfe, said sales had been consistently strong at the seven auctions across 2023, ranging from nearly £16.7m in January to more than £26m in September.

Bassi said: “The ongoing success of every one of our auctions tells us two very encouraging things: first, we are increasingly the first place to go for both sellers and bidders, and second, the property sector continues to get stronger despite economic uncertainty.

“We are now widely recognised as the UK’s number one livestreamed auctioneer with bidders coming to our auctions from across the Midlands, London and abroad.”

Bond Wolfe is now the appointed auctioneer for Birmingham City Council, City of Wolverhampton Council, Sandwell Metropolitan Borough Council, Walsall Council and West Midlands Police.
 

Bassi added: “We regularly have properties at our auctions from as far away as Cornwall, Scotland, Wales and London, as well as comprehensive and enviable coverage of the entire Midlands.”

On the agency side, sales included the £3.8m paid by a London-based education provider for York House at  Great Charles Street in Birmingham city centre, and Castlegate House, sold to West Midlands Police for £3.35m.

James Mattin, heading agency operations as managing director at Bond Wolfe, added: “Whilst the wider economy has remained sluggish, the commercial property sector is still booming with a strong appetite from local and regional investors in particular for retail income opportunities.”