Blogs of author

SDL Bigwood’s first Coventry auction got off to a flying start at the Village Hotel, Dolomite Avenue, Coventry, as eager buyers turned up for the city’s largest-ever auction sale.

A packed salesroom resulted in a hugely successful auction which raised £1,893,500 with a success rate of 88 per cent.

Notably, every single Coventry-based lot sold.

Gurpreet Bassi, auctions partner at SDL Bigwood, now the UK’s fourth largest auction house, said: “We were delighted with the result of our first Coventry sale and it was a fantastic achievement by the entire auctions team at SDL Bigwood.”

Highlights

Leading property auctioneer Auction House London has sold a £1m property for its full asking price within seven hours of receiving the instruction to sell it.

The company received a phone call from the seller of the property in Mill Hill at 10 o’clock on Friday morning, and it was sold under auction conditions to one of two interested buyers by 4.30 that afternoon.

Auction House London Auctioneer Andrew Binstock said: “When the owner first got in touch, he said that he wanted us to sell the property in three days – but our next scheduled auction was still several weeks away. Nevertheless, I

National property auctioneer Auction House is celebrating after receiving two trophies at the 2016 Negotiator Awards – widely regarded as the property industry’s equivalent of the Oscars - during a glittering ceremony at the London Hilton Hotel on Park Lane.

The UK’s number one property auctioneer picked up Gold for Best Franchise for the second year running, as well as Bronze for Best Residential Auctioneer – the fourth year in succession that the group has appeared in the top three places in both categories.

Auction House Founding Director Roger Lake said: “To scoop two trophies at The

Leading property auctioneer Auction House is restructuring its operation in the North West of England, as a strategic response to the surge in residential and commercial activity across the region.

The group has created two tailored auction businesses in the area: Auction House Manchester operated by multi award winning estate agents Ryder & Dutton at the Etihad Stadium, and a newly-formed Auction House North West in association with regional estate agents Farrell Heyworth, one of the largest independent estate agencies in the North West of England, which brings together their auction

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

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