The bike has been targeted by thieves and Mitchell is tiring of the unwanted attention it brings.
According to the Birmingham Mail, a friend of Mitchell said: “There was an attempt to take it from outside Andrew’s house where it was bolted to a railing, but they couldn’t get through the bolt.
Proceeds from the sale, which will be on auction site, eBay, will go to charity
“On the other occasion, Andrew was in a restaurant when he saw a couple of kids outside trying to remove the bike.
“He went out and persuaded them to leave it alone. It’s very recognisable, partly because of the basket."
He also spoke of how MP for Sutton Coldfield is regularly stopped in the street by people wanting a picture of the bike.
Mitchell was forced to step down as chief whip after allegations he called police officers "plebs" when they asked him to dismount the bike before entering Downing Street.
Evidence has since emerged however, that suggests some of the testimony against him could have been fabricated.
A 52-year-old Pc was suspended and held on suspicion of misconduct in public office, while a 23-year-old was arrested on suspicion of intentionally encouraging or assisting the commission of an indictable offence.
Four other constables in the DSG unit, which is responsible for protecting government officials and diplomats, have been placed on restricted duty over misconduct claims.