Network Auctions showed they really do sell properties with ‘No Reserve’ when a parcel of land sold under the online hammer at just £51 in their 21st May auction. The land situated at Meadow Way and Orchard Way, Reigate, Surrey comprised 0.62 acres of highway, paths, verges and part of a roundabout in the popular residential areas.
The auctioneer’s addendum was a note of caution for any would-be bidders: ‘We are advised by the local authority highways department the title comprises land that is publicly adopted, buyers should make their own enquiries in this regard.’
Bond Wolfe Auctions, the UK’s fastest growing auction business, will be back with a bang on Wednesday 24th June with an online livestreamed auction expected to see more than 100 lots go under the hammer.
Chief executive Gurpreet Bassi said they had held back from announcing their first auction since lockdown was announced in March as they wanted to be sure they could offer their full appraisal, viewing and marketing services.
“We took the view early on that it was unreasonable to expect our clients to buy, sight unseen, and so deliberately delayed announcing any firm plans.
Auction House London held their second-ever live-stream auction during the lockdown last week (Wednesday 6 May), which delivered a stunning 84% success rate, and included the highest number of registered bidders for a single lot that Auctioneer Andrew Binstock has ever seen.
49 lots were sold from the 58 offered on the day, with bidding taking place online, by phone or by proxy, raising a total of almost £10m (£9,946,750). But it was the very first lot – a one-bedroom, ground floor flat in Redhill, Surrey - which became the story of the sale.
A notorious farm in Bacup which made national headlines after animals were found living in squalor is to be sold by auction.
The current occupier of Trice Barn Farm, off Bacup Old Road, was served notice to vacate last year but remains living there, making it impossible to view the farm. But despite this, auctioneers say potential buyers are lining up to bid on the property when it is sold by SDL Auctions this month. One reason may be the guide price. At just £50,000+, the 80-acre site represents excellent value.
Andy Thompson, head of auctions North West, said: “The farm and its
Auction House says that the group is still very much open for business and is listing and selling hundreds of properties via live-stream and online auctions, despite the current restrictions.
During the lockdown month of April, it offered 342 lots and sold 220 of them, at a success rate of 64.3%, and raised over £20.7m in the process (£20,778,051).
Commenting on the group’s recent performance, Founding Director Roger Lake said: “Despite the unprecedented circumstances we’re all experiencing, we are currently delivering over 60% of our normal level of sales. Bidder numbers have been strong and
Network Auctions have listed a one bedroom second floor flat with sea views with a guide price of just £59,000+ to be sold in their online auction on 21 May. The flat, situated in Model Cottages, Daimonds Lane, Teignmouth is located on a quiet street yet close to the town centre, station, seafront and beaches.
Toby Limbrick, Director said, ‘This flat comes to the market at a perfect time when people are thinking of summer holidays. Teignmouth is a stunning coastal town popular with holidaymakers who love the long sandy beaches and lush Devon countryside. Hopefully we will soon see
TheSDL Auctionsteam pulled together in a marathon team effort for the company’s first ever national property auction yesterday, which raised £7.7 million for sellers.
Held behind closed doors to maintain social distancing, SDL Auctions’ first national property auction saw managing director and auctioneer Andrew Parker work his way through a catalogue of 115 lots over a mammoth seven-hour session.
After a short delay due to a rush of last-minute bidding requests, the auction got off to a lively start with some eager bidding for a house in Nottingham.
Essex and Hertfordshire estate agent Mullucks has welcomed an independent report which recommends the property industry should be one of the first sectors to resume trading, to ease the UK economy out of the Coronavirus pandemic.
Written by Conservative peer Lord Ghadia and GlaxoSmithKline’s chairman Sir Jonathan Symonds, the report has been submitted to ministers as they receive advice on how to revive the economy without compromising the nation’s health.
Mullucks Managing Director Daniel Galati said: “As ever, the safety of our staff and the wider public would need to be our first
A striking Grade II Listed office building which is part of north Wales’ rich textiles history is to be sold by auction later this month.
Dating back to 1909 and built in the Renaissance Revival style, Enterprise House, Aber Park in Flint, Clywd is currently used as serviced offices. It has a *guide price of £140,000+.
The two-storey building is built in distinctive local red brick with many attractive architectural features including moulded stone eaves cornice, arched recesses and a particularly impressive bay window at the rear. It is listed for its flamboyant design and detail which
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