Sales of development land are on the increase across Northern Ireland according to property experts, Osborne King, who expect to complete well over 10 million worth of sales before the end of the year.
By any standards, 2016 has been a very encouraging year which has seen the company transact land sales in excess of ?20 million representing a marked increase on activity over the previous 12-month period.
To date, most of these sales have been within the Greater Belfast area and include the sale of a development site on the Malone Road, close to the House of Sport roundabout, which has planning
Acuitus auctions have now raised more than £310m in 2016 which has put us on course for a second consecutive record-breaking year.
Acuitus auctioneer, Richard Auterac, commented: “The strong investment case made by commercial property was demonstrated once again at the October auction. Veterans of the saleroom were competing with investors who were making their first auction purchases”.
Although many buyers are being attracted by the investment yields on offer, there is also strong demand for development and active asset management opportunities. Grosvenor House in Norwich – a 50,628 sq f ft
A residential stock farm with 77 acres of permanent pastureland near Oswestry sold for its guide price of £725,000 at Hall's successful collective property auction last month.
Grove Farm, located between the villages of Maesbrook and Melverley, with beautiful views towards the Breiddens, Rodney’s Pillar and the River Severn, was one of three properties sold by Halls’ at the company’s Battlefield headquarters in Shrewsbury.
The farm comprised a four bedroomed farmhouse with a large garden, a mixture of traditional and modern farm buildings and the surrounding land was divided into conveniently
The UK’s number one property auctioneer Auction House - which has a branch in North Wales – has had a successful September, selling 358 lots from 475 offered (a success rate of 75.4%), and raising over £43m.
The group continues to outperform the market with sales in 2016 ahead of last year at 2,409, barely affected by the more difficult trading conditions that some commentators suggest.
Claire Blezard, Auction Manager said: “Taking 2016 as a whole, Auction House has offered more and sold more, with a higher success rate and an increased total raised than by this time last year. So despite a
SDL Bigwood’s launch into Coventry will see the city’s largest-ever property auction held at the Village Hotel on Wednesday, 9 November.
Managing director Rory Daly and his team will be offering 34 lots including a mixed range of vacant residential and investment properties, mixed commercial and residential developments, garages and ground rents.
“Something for everyone” said Gurpreet Bassi, auctions partner at SDL Bigwood, now the UK’s fourth largest auction house.
The event at Village Hotel, Dolomite Avenue, Coventry starts at 6pm on Wednesday, 9 November, and already SDL Bigwood are
Ross Wilmington, a partner at Symonds & Sampson, reports healthy bidding at the firm’s 13 October auction in Axminster.
“It was very good to see the London buyers returning to the sale room to bid but the tenacity and deep pockets of people from within our region kept prices strong for property within the locality.
“We were offering 41 acres of land at Salway Ash and Shipton Gorge near Bridport in lots and there was terrific interest with vigorous bidding pushing prices to £10,000 acre.
We are finding that small parcels of land are very popular almost regardless of the area and size and this
A garage in Marylebone, close to both Oxford Street and Regent Street in Central London, is set to go under the hammer early next week with a guide price of £135,000.
The 320sq ft garage is part of the ground-floor of an end-of-terrace building in Devonshire Street, W1. However, the lease, which currently stands at 61 years, will need to be extended. Notice hasn't yet been served, which means there is no estimate as to how many thousands this will cost, so potential buyers will need to do their homework and read the legal pack carefully.
Earlier this year in Chelsea, a single-storey garage
LONDON (Reuters) - Commercial property auctions are proving an unlikely bright spot in Britain's real estate market where a steep drop in sterling has attracted overseas buyers and local investors are as yet unfazed by potential fallout from Brexit.
Britain's 900 billion pound commercial real estate market was an early victim of the financial market turmoil that followed Britain's vote in June to leave the European Union. Retail investors quickly pulled money out of commercial property funds just after the vote, causing a temporary freeze on 18 billion pounds ($22.38 billion) in assets.
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 VALUATION via our PROPERTY ENQUIRY FORM.
Selling at auction also widens the potential market, not only will there be buyers who want to make it their home, there'll also be investors, developers and property dealers interested in buying. In many cases an auction could prove to be the best method for selling your property and not just a
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
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