The latest Acuitus commercial property auction raised £16.08m with a sale rate of 84%.
A fully let retail parade, including significant upper parts, at 13-25 Milton Street in the heart of Nottingham sold for £2.125m at a yield of 9.3%. Two other industrial Nottingham assets were sold at the auction, including: Lenton Lane Industrial Estate, a rarely offered electricity generation facility that sold for £1.47m; and an industrial estate on Gamble Street for £1.37m – with yields of 4.6% and 7.2% respectively. Across the portfolio there were 30 bidders comprising both regional and national
Smith and Sons has revealed details of its first online property auction of 2024 which includes 29 lots, offering considerable investment and development opportunities.
The auction will be held on the 28th February with viewings underway and pre auction offers already being received.
For investors looking to add to their portfolios, there are several terraced and semi-detached homes throughout the Wirral offering immediate income and producing high yields with guides beginning as low as £30,000. With rental incomes at an all-time high, there is considerable scope for a
Once a property has been listed for sale in an auction, it is possible that you might receive pre-auction offers. Unlike in many sales processes, this is permitted and allowable. In fact, as your auctioneer representing your interests, we are obliged to present you with the offer and allow you to decide how you would like to proceed. But should you sell a property before auction day?
The right decision will depend on several factors, not least an assessment of the interest in the property and how likely the auctioneer thinks you are to receive a higher offer or competitive bids above your
An auction bidding war erupted over a unique, detached property with a self-contained annexe and detached double garage in an urban setting north of Southend.
Oakdene in St. Marys Road, Wickford was among 135 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
It finally went under the gavel at £470,000 at the firm’s auction which ended on Wednesday 7 February – £170,000 about the guide price.
Senior Auction Appraiser Russell Hawkes said: “This one really took off with
Houses in Penryn, Redruth and Hayle have sold through Clive Emson Land and Property Auctioneers.
A three-bedroom terraced house in Bay View Terrace, Hayle, went for more than £50,000 above its freehold guide price.
It eventually fetched £202,000, well in excess of its guide of £150,000 plus.
Senior auction appraiser Katie Semmens said: “Properties of this quality in pleasant residential locations remain in strong demand among owner occupiers and landlords.”
A modern, three-bedroom house in Gweal Pawl, Redruth, fetched £190,000.
The first Acuitus commercial property auction of the year on February 15th features three prime assets in Nottingham.
A fully-let retail parade, with significant upper parts, at 13-25 Milton Street in the heart of Nottingham produces a current annual rental income of £210,275 and is guided at £2.1m+. On the busy Lenton Lane Industrial Estate, a rarely offered electricity generation facility is also up for auction with a guide price of £1m+. It is located on a 3.25-acre site and produces an annual income of £72,000 which will rise to a minimum of £105,034 in 2025 on a lease expiring in 2035.
Cheffins Property Auctions finished 2023 on a high, with a 100% sale success rate for the lots offered in its December auction.
The result was an indication of the strength of the auction market, with all types of property included in the sale, many of which sold far in excess of their guide prices.
The land lots fared particularly well, with strong bidding on all lots - the strongest competition came for the 10.18 acres of grassland at Lidgate, Suffolk. The land was subject to frantic bidding from multiple parties and sold for £186,000, far over its guide of £80,000 - £90,000. Ian Kitson
CHAPEL PLACE: An 18thCentury property with planning permission for seven flats, previously a former adult education centre at Ramsgate, Kent, which also served as a vicarage in the past, has a guide price of £600,000 (lot 89) and is among 135 lots listed across southern England in the first auction of eight by Clive Emson Auctioneers this year. The auction ends 7 February, with bidding live 48 hours beforehand.
The regional land and property auctioneers have been instructed by vendors to sell 71 vacant residential lots, 16 investment, 30 commercial, 11 development and
A house needing improvement just outside Chelmsford city centre is set to go under the auctioneer’s gavel next month. (wed 7 feb).
Three-bedroom 26B Tower Avenue is among 135 lots in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered jointly with Bond Residential, it is listed with a freehold guide price of £350,000-plus and vacant possession.
Regional Director & Auctioneer Paul Bridgeman said: “The property is now in need of some improvement and modernisation but does have
A mixed use property in the popular coastal town of Fowey has a freehold guide price of £235,000 to £250,000 at auction. (WED FEB 7)
It is among 135 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Being auctioned on the instructions of executors, the three-storey property is located at 3 Custom House Hill in the town centre.
Auctioneer David Henwood said: “This is a rare opportunity to purchase a freehold terraced property, situated in the heart of Fowey.
“It is currently arranged over three
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