A popular Asian wedding venue in Birmingham which has hosted hundreds of nuptials over the years is up for sale.
The Mayfair Suite in Handsworth could be yours for a cool £1.5 million.
It's going under the hammer at an auction on September 10.
The wedding venue and banqueting suite in Park Lane will be among other properties up for sale at the auction at Villa Park.
And the auctioneers, Bond Wolfe, say the buyers will get a good business.
For the auction guide price of £1.5 million, the buyer will get a venue which has a current gross income of £212,640 a year, representing a yield of 14 per cent.
The venue is made up of large detached premises, which are subdivided to include a showroom, industrial units and two flats, as well as the wedding and banqueting suites, together with parking spaces for around 70 cars.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “The Mayfair Suite has an enviable reputation up and down the country as one of the best wedding venues, and it’s particularly popular with Asian families seeking a place for large functions.
“The other space included in the lot makes it ideal for a buyer who wants to also develop other profitable uses for manufacturing, storage and residential rentals, subject to planning permission.”
The Mayfair Suite is just one of the 140 lots going under the hammer in the auctions.
Others include a former school in Wilson Road, Lozells, up for sale with a guide price of £100,000.
Three former police stations are also available. These are in Darlaston for £250,000, Tettenhall for £250,000 and Holyhead Road in Handsworth for £500,000.
There are also a range of "ordinary" houses up for sale as well - including a four-bedroom semi in Kings Heath at the knockdown price of £85,000, and a two bedroom detached house in Kings Norton for just £50,000.
Other lots include a plot of land in Four Oaks with planning permission for five homes and has a guide price of £1.1 million.
Bond Wolfe Auctions has already offered 350 lots this year, featuring properties across the East and West Midlands and as far afield as Wales and Scotland. The first three auctions have raised nearly £39 million in sales.
Anyone interested in the auction or with properties for sale in future auctions should contact enquiries@bondwolfeauctions.com or call 0121 312 1212.
