Barnett Ross' 19th July auction achieved a Success Rate of 89% with the total raised a massive £16,630,000
Highest price achieved was £2,360,000 for Lot 30: 357-359 Walworth Road, Elephant & Castle, London SE17 2AL – A Freehold Double Shop with 5 Flats above producing £127,640 per annum, generating a yield of 5.4%.
Another notable lot was Lot 36: The Boathouse, Embankment, Putney, London SW15 1LB sold for £1,820,000 – A Victorian Boathouse fronting the River Thames comprising a Marine Showroom and Architects Office producing £86,500 per annum (4.75% yield).
Allsop’s busiest commercial auction room this year has raised a total of £83.5m, driven by investor demand for larger lots and well-let retail assets. 84% of the lots sold.
In the first auction since the UK General Election, investors turned out in high numbers, bidding also on the phone and internet to compete for prize lots. Despite, or possibly because of uncertainty in other financial markets, investors remained positive. The highest value lots were among the strongest performers with 23 lots selling for £1m and above.
St Peters House, a 22,089 sq. ft. office building in St Albans city
AFTER an incredibly busy July, there is a slight breather whilst the majority of the auctioneers take a well deserved break.
The team at UKAL, of course, never rest (!) and have taken this opportunity to update the UK Auction List auction calendar with all the latest dates for future auctions - right through to October! We’ll continue to add more as and when confirmed by the auction houses, so keep checking back.
We will also be updating our database on a daily basis with all the unsold lots from the auctions, so check out properties in your area to see if there's still a bargain to be had.
Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you've got the right expectations from the beginning.
Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you'll usually have to pay a non-refundable deposit on the day, and you'll have 28 days to pay the balance.
That means that the timeframe for auctions is much shorter than the
The historic site of the former Pentre Barracks in Rhondda has been sold at auction for a second time in less than a year, with the winning phone bid of £185,000 far exceeding the initial guide price of £135,000. ]
The property, accessed across a single track railway line, includes an array of accommodation including a caretaker’s, various dormitories, garages, drill hall, former armoury, four single storey buildings which includes a classroom, rifle range and storage unit.
Paul Fosh of Paul Fosh Auctions, the auctioneers who sold off the site to a private buyer, said “The barracks would be
Acuitus recorded its biggest auction result of the year as the sale of 83% of the lots offered at its July sale raised £52.4m. Of the 67 lots sold, a total of 16 achieved prices of more than £1m with highly reversionary short-leasehold investment in London’s Bloomsbury selling for £4.67m. Let to University College London until 2028 at a current rent of £528,175 and with a rent review in 2022, the Engineering Faculty building on Gower Street sold to a UK institution in the auction room.
Investors showed an appetite for a wide range of assets throughout the UK. A multi-let office building in
Leading land broker Aston Mead Land & Planning has welcomed the announcement from the Government that councils in wealthy rural areas will be forced to increase their housing targets.
Communities Secretary Sajid Javid announced last week that some of the most sought-after parts of the country will be the specified location for additional new homes, to help tackle the housing crisis.
Director Charles Hesse said; “It’s only fair that communities that have benefited from rising property prices now play their part in solving the housing shortage. These parts of the country are sought-after for
A long list of desirable properties with guide prices* ranging from £25,000+ to £345,000+ is set to create a busy day at SDL Auctions Graham Penny’s auction in Derby later this month.
The wide choice of lots appearing at the auction at Pride Park Stadium on Wednesday 26 July include a one-bedroomed, ground floor apartment in the popular village of Riddings, near the historic Derbyshire market town of Alfreton, with a guide price of £25,000+.
Flat 1 in Rockmay House, Market Place, Riddings is well-maintained and pleasantly situated in a conservation area, with a potential rental income of £4
As the recently arrived London Waterloo train pulled out of Sherborne railway station at 12:32 on 30th June, people rushed off the platform towards the Digby Hall to make sure they found a seat at the Symonds & Sampson’s property auction.
The lots on offer were in Dorset, Somerset and Wiltshire and attracted regional buyers, as well as a telephone bidder from Spain, but it was London buyers who pushed prices up. Several of these had been introduced to the auctioneers at their many trips to the capital and in particular the London and Country Property Show held at Chelsea Old Town Hall in May
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