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More assets are being sold by 'cash-strapped' Birmingham City Council at auction next month. The five sites in Nechells , Sparkhill and Newtown are for ground rents only. They include retail units, office buildings, warehouse and a yard. They will form more than 100 lots at Bond Wolfe's auction on Wednesday, December 10. READ MORE: Scout hut and Solihull land among sales generating over £21m at auction in October The auctioneers generated £21m at a previous auction last month. It included the former 4th Darlaston Scout Hut on Victoria Road in Darlaston , thought to have been built before the First World War. It had a guide price of £25,000-plus but was sold on behalf of Walsall Council for £157,000 during the Bond Wolfe auction last week. Woodland at Parish Poles on Widney Lane in Solihull , which had a guide price of just £5,000-plus, was sold for £118,000. BirminghamLive has looked at the next council lots: A freehold interest secured on industrial land and premises. Freehold interest subject to a lease for a term of 125 years from March 9, 1987 (approx. 88 years unexpired). Ground rent of £100 per annum, subject to fixed rental increase doubling every 25 years from 2037 onwards. A freehold commercial ground rent investment secured on a two storey office building, warehouse and yard. The business will remain unaffected. The property is subject to a 99 year lease from April 14, 1987 (approximately 61 years unexpired) at a ground rent of £200 per annum doubling every 25 years. A freehold interest secured on retail premises. Freehold subject to a lease for 99 years from September 29, 1968 at a ground rent of £ 175 per annum, subject to rent reviews every 25 years. Two freehold interests secured on retail premises Both are freehold subject to a lease for 99 years from September 29, 1968 at a ground rent of £175 per annum per unit (£350 per annum). This is subject to rent reviews every 25 years.
