A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale.
Exchange contracts on property auction day
Sale guaranteed upon fall of the hammer
10% deposit paid immediately
Completion within 20 working days
Maximises sale value
Although property auctions have historically been used for sales of repossessed homes, they are growing in popularity amongst vendors of all kinds of properties looking for quick sales. The types of property that generally sell well at auction include:
Sellers can take advantage of new highs in investor demand at the Acuitus October commercial property auctions.
At the July round of auctions, sales rates hit 92% as investors bought more than £140m of assets.
Acuitus auctioneer, Richard Auterac, comments: “The conditions for selling are now very positive with investors looking to buy all asset types across the office, retail, leisure and industrial sectors”.
The next Acuitus auction is on October 22nd and we have already been instructed by banks, receivers, corporates and property companies to offer a wide range of good quality investment
The housing market in Sheffield is on the up - with rising prices, packed auction rooms and the return of bidding wars all pointing to a property comeback.
The average cost of a house in the city has increased by more than 4% in the past year, and 2.4% in the last three months, a new report has found.
In Sheffield the average house price is now £130,560, the study revealed.
But estate agents say price rises are higher in the south west of the city, with increases of over eight per cent in areas such as Dore, Ecclesall and Fulwood.
Demand is far outstripping supply and bidding wars - a hallmark
Summer is pretty much over and the September property auction catalogues are being released every day with brand new bargains going under the hammer.
Vacant and tenanted residential and commercial properties are set to tempt investors at property consultants Eddisons’ next auction at Elland Road Stadium in Leeds on September 10.
Among the 62 lots due to go under the hammer are a former fast food takeaway and apartment and a former garden centre.
In Hartlepool, a vacant Chinese takeaway unit and three-bedroom apartment in Sydenham Road will be included in the auction with a guide price of £35
Despite having held four or five sales a year for the past 8 years a property auction in August was a first for Auction House Hull & East Yorkshire.
This year they felt the demand was at the right level to go to six auctions but this meant they had to have one in August. They were concerned that this could be tricky because it falls in the prime holiday period. The results and more importantly the attendance proved to them that it was the right decision. Over two hundred people packed the room and competitive bidding from two telephone bidders resulted in the first lot being sold for double
A substantial three storey property in Cliftonville consisting of two flats and a commercial unit below is to be offered for sale at the next Clive Emson auction in September.
The property at 154 Northdown Road has an estimated rental income of £20,400 and a freehold guide price of £170-175,000. Both flats are currently let on Assured Shorthold Tenancy agreements and the ground floor shop is empty at present.
There is a courtyard at the back and being in a prominent location is likely to attract interest.
Dave Henwood, auction valuer, said: "This mixed use property is over three storeys and
Auction property company, Sutton Kersh is offering 85 lots at its auction in Liverpool next month.
Among the lots going under the hammer is a three-storey detached Georgian-style property in a conservation area in Devonshire Road between Princes Gate West and Ullet Road, a short distance from the city centre.
The property has been converted to provide 12 self-contained apartments and requires a full refurbishment. The potential annual income when fully let is in excess of £60,000. The guide price is £400,000-plus.
Elsewhere, a three-storey town house in Falkner Square in the Georgian Quarter
Has your property been on the market for ages? Or are you just needing to sell quickly? Selling your property at auction is cost effective, simple, fast and stress free, so get the ball rolling and give us a ring!
It doesn’t matter what type of property you have, or where your property is, as our auctioneers are all over the UK and one of the main things we can guarantee is MAXIMUM EXPOSURE! All our properties are marketed on the biggest property portals such as Rightmove and Find A Property, reaching millions of potential buyers!
We offer a free, no obligation appraisal to identify suitable
Allsop is to hold its biggest commercial property auction yet early next month with 278 lots going under the hammer at a combined reserve value of €60 million.
The two-day auction, which takes place September 8th-9th, includes a strong collection of retail investments with well-known high-street names such as Dealz, Boylesports, Ladbrokes, O’Briens and Shoe Zone as sitting tenants.
One of the most sought-after properties at the auction is likely to be a combined lot that includes a large Georgian building at 10 Harcourt Street and two adjoining warehouses to the rear, on Montague Lane.
The lot
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