The first Acuitus commercial property auction of 2017 on 16th February will offer 53 retail, office, industrial and leisure assets lots producing current total rental income approaching £4m.
Acuitus auctioneer, Richard Auterac, comments: "With just under half of the lots in the sale guided at prices above £1m, this catalogue demonstrates our continued commitment to bring investment-grade properties to the market from across the sectors."
Properties have been entered by major fund managers and investment funds including Wesleyan Assurance and St Johns Winchester Charity together with
The three main benefits to selling a property at auction are:
You can sell a property quickly – The auction process is often quicker than the normal house sales process. Most of the work is carried out before the auction and once the hammer falls, exchange of contracts happens straight away and completion happens within 28 days. It is possible that you may receive an offer for your property before the date of the auction. This is perfectly legal, and it is up to you to consider whether you think you are likely to get a better price on the day of the sale.
27 of the 27 lots in Mark Jenkinson's January catalogue sold for 2.6 million at a busy Bramall Lane. Strong viewing numbers and considerable pre auction activity was experienced in the weeks after the Christmas break and competitive bidding was seen throughout the afternoon.
Notable results included £352,000 for 66 Banner Cross Road, £110,000 for Linaker Road and £155,000 for a former day care centre on Beaumont Road North.
Figures produced for the Estates Gazette show Mark Jenkinson and Son top of the residential auction league table in the Yorkshire and Humber region for the second year
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value. You
This week SDL Graham Penny, part of the UK’s fourth largest auctioneer network, holds its first Nottingham auction of 2017 and there’s more than 40 lots set to sell under the hammer.
To view the catalogue for the Nottingham February auction click here
The auction, on Thursday 2nd February at Nottingham Racecourse, features a catalogue of 41 residential property, commercial property, development land and other lots from across Nottinghamshire and beyond with something for all buyers.
Andrew Parker, auctioneer and managing director, commented: “This catalogue has a great breadth of property on
Selling property at one of our future auctions will be cost effective, simple, fast and stress free. If you feel that this method of sale might be right for you, why not get the ball rolling and get in touch for a FREE PROPERTY VALUATION via our ENQUIRY FORM (click on the link).
If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. Once the hammer falls the buyer has to put down a 10% deposit, then they have 28 days to complete the sale.
Selling at auction also widens the potential market, not only will there be buyers who want to
Award-winning brand Auction House has increased its lead in auction sales by selling a record 3336 lots in 2016 – over 1100 more (1146) than its nearest rival. Indeed, the gap between the two is even bigger than last year, when the group sold 1031 lots more than the auctioneer in second place.
Auction House is also celebrating a 77.7% success rate, which is also up on last year and well ahead of the industry average, and having raised a record £439 million.
In his end of year commentary, Roger Lake said: “We put the ability to outsell all our competitors down to what we call ‘retail
Here’s how property experts' Romans expects the year to pan out.
Thinking of buying or selling?
On the whole we are expecting a similar number of property sales in 2017 as there were in 2016. Most people moving home have motivations that don’t change just because of the political and economic landscape, if your family is growing and you need an extra room, that need is still there.
For the movers that are not in a rush, the opinions around Article 50 and whether it will be a hard or soft Brexit may cause some delay to decisions. However in the main, property prices are expected to remain
Private equity dominated the commercial property auction market in 2016, and private investors will be out in force at the first Acuitus sale of 2017 on February 16th.
Acuitus auctioneer, Richard Auterac, comments: “Investors who could not get their money into the market by the year-end will be looking to remedy this at our February auction.
“Sellers can take advantage of this pent-up demand and need to enter properties into our sale by January 18th.”
More than £350m of assets were sold at Acuitus auctions last year and six auctions are planned for the coming year. With the economy proving
Leading UK auction house Network Auctions who work with partner agents across the UK enjoyed another excellent result at their December auction in Central London with an 85% sales success and a total of £3.5m raised under auctioneer Guy Charrison’s gavel.
Network Auctions final 2016 sale is in Birmingham on 14th December in conjunction with Pennycuick Collins. With the Birmingham auction results pending, Network Auctions have already sold an impressive 84% of lots offered in 2016 and raised over £41,000,000, An increase of 13.5% from 2015. Partner agents have shared in this success and new
Moving Home
UK Auction List works with our partner, Really Moving to provide everything you need for a stress-free move.