Record number of pennies bid for toilet block.
Midland auctioneers Bond Wolfe are flushed with success after a 32sq m toilet block in Acocks Green went for a cool pounds 68,500.
The West Bromwich firm was flooded with bids from would-be owners of the Westley Road block at a recent auction, following 50 separate viewings of the former lavatory.
Demand was so great that the eventual winner - Hall Green property developer Faisal Ali - easily beat the guideline price of between pounds 5,000 and pounds 10,000 by around pounds 60,000.
Now the toilets are to be refurbished and re-opened as a letting agency after netting owners Birmingham City Council a pounds 68,500 windfall.
Bond Wolfe associate partner James Mattin said: "It's quite incredible - these are the most expensive public toilets ever sold in Birmingham.
"There was a lot of interest. We did 50 viewings and it was free for people to go and walk around.
"We had guided it at pounds 5,000 to pounds 10,000 but it went absolutely mental in the auction room. There was a lot of people bidding but we didn't expect to get anything like that sort of price at all.
"It's a traditional brick-built toilet block which has become surplus to requirements now there is a modern superloo in front. It is in quite a central location.
"Birmingham City Council are very pleased. We have sold toilet blocks before but they have usually come with some form of planning permission."
GOING, GONE... the toilet block.
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|Publication:||Birmingham Mail (England)|
|Date:||Dec 8, 2006|
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