Demand for commercial property at auctions continues to grow, according to Bond Wolfe Auctions managing director Ian Tudor.
Mr Tudor, who heads up the firm’s commercial team, said the latest Bond Wolfe Auctions’ live streamed sale held on Wednesday 16 September demonstrated the market’s appetite for commercial lots.
The September sale saw a record amount of commercial and land lots listed since Bond Wolfe Auctions was launched in January 2019 with 50 lots out of the 207 that went under the hammer.
Mr Tudor said: “Cash is king in times of economic uncertainty and sale by auction gives the
The former Cockington School, Old Mill Road, Torquay is set to find a new lease of life on 1st October when it will be sold in an online auction by Network Auctions.
The freehold site, guided at £490,000+, has lain vacant for many years after a replacement school was built nearby. Planning permission was granted by Torbay Council in February 2020 for the conversion of the main building into 7 maisonettes (comprising 5 x 2 bedroom, 1 x 3 bedroom and 1 x 1 bedroom) and a new terrace of 4 x 3 bedroom houses.
The attractive Victorian school buildings on a site of 0.59 acres, are located in the
Auction House sales were boosted in August as supply improved and demand remained high during the traditionally slack holiday month. There were sales of 90 lots from 124 offered at a steady success rate of 73% (72.6%) with £12.4m (£12,421,000) raised.
This year’s result was more than two-thirds up on 2019 – proof of the higher activity level and strengthening performance of the sector.
Commenting on the month, Founding Director Roger Lake said: “What we are experiencing now is a perfect window of opportunity for sellers. Indeed, there are three key reasons why those with surplus properties
A detached “Arts & Crafts” style house will be among the stand-out lots coming up for sale at Bond Wolfe Auctions’ remote bidding auction later this month.
Aside from its style, the five-bedroom property offers size and comes with existing outline planning permission for an additional dwelling on its 0.4 acre plot.
The BWA auction on Wednesday 16 September will be the largest-ever livestreamed auction to be held in the UK and starts at the earlier time of 9am to accommodate the 214 lots, with potential buyers bidding by proxy, telephone or internet only.
A former library building in the Black Country that was closed three years ago is up for sale at Bond Wolfe Auctions’ remote bidding auction this month.
The auction on Wednesday 16 September will be the largest-ever livestreamed auction to be held in the UK and starts at the earlier time of 9am to accommodate the 214 lots, with potential buyers bidding by proxy, telephone or internet only.
The former library building in Coppice Road, Walsall Wood, is listed as a commercial property and is expected to attract high levels of interest from potential bidders because of its redevelopment
The combined talents of three top experts helped property sellers around the country get great results in SDL Auctions’ largest auction ever – and the UK’s biggest in August for 12 years.
The eighth lockdown auction held by the SDL Auctions, the UK’s most successful live-streamed auctioneer* saw Andrew Parker, Rory Daly and Graham Penny reunited – but socially distanced – in the company’s head office studio to sell a catalogue of 200+ lots.
The national property auction got off to an excellent start with a series of lots in Leicester, the first selling for more than twice its guide price.
Bond Wolfe Auctions will next month set a record for the largest-ever remote bidding and livestreamed auction to be held in the UK.
An impressive total of 214 lots are in the newly published catalogue for the auction that will be held on Wednesday 16th September.
Properties on offer range from a former neighbourhood police base in the Bilston to a library in Walsall, and to a Grade II-listed cottage in Herefordshire.
Other interesting lots include various other properties being sold on behalf of Birmingham City Council, Walsall Council, the Ministry of Justice and the Law of Property Act
The former RBS branch on New Street in Lancaster is due to go up for sale by auction next month. The building will feature among around 60 properties in Pugh’s next property sale, which will be held online on 9 September.
The 4,000 sq ft, three‐storey bank was closed in April 2018 as part of RBS’s nationwide closure of branches and shift to digital banking. It is being auctioned with a guide price of £300,000.
Pugh managing director Paul Thompson, said: “The former RBS branch is a handsome building that would be really well suited to a variety of potential new uses, subject to obtaining
Auction House is reporting that the average price of its properties sold during lockdown has rocketed by over a third.
The figure has soared from £116,145 in July 2019 to £159,359 in the same month this year – an increase of 37%.
Commenting on the figures, Auction House Founding Director Roger Lake says that the sharp rise – which became noticeable from May of this year onwards - is down to three contributory factors.
He explains: “Firstly, it’s the simple fact that there has been a huge upsurge in buyers looking to purchase property this way. The competitive bidding nature of auction is
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