Auction House, the biggest property auctioneer in the UK, is reporting a strong start to the New Year, with 51 sales from 63 properties offered, resulting in an impressive 81% success rate for its sales in January.
Commenting on the figures, Auction House Founding Director Roger Lake said: “The auctions year has started with a burst of entries, increased buyer interest and some strong individual auction results. January was impressive, and February looks like it will be equally busy, with a total of 760 lots entered into our first round of sales. Certainly regional auctions are increasing in
A high-yielding retail investment property in Coventry city centre will be one of the star lots in Bond Wolfe Auction’s next auction in Birmingham for nearly £1 million later this month.
The three-storey unit at 82/92 Lower Precinct extends to around 20,565 sq ft and is currently let to the British Heart Foundation for what will eventually become £160,000 per annum.
The charity is six months into a 12-year contract, with a rent-free period until this August, then half rent until August 2022 when the full annual rent starts.
The full rent will equate to an impressive yield of 16% if the
Bond Wolfe, the West Midlands-based commercial property agents and auctioneers, has achieved a record £100 million sales in 2019.
Managing partner James Mattin said: “The results reflect the strong regional economy and the growing attraction of the Midlands to national and international buyers.”
Major sales achieved by Bond Wolfe during 2019 included Telecom House in Wolverhampton which was sold for residential use for £4.25 million, The Flying Standard pub in Coventry for £3.225 million, Metro Court in West Bromwich for £2.2 million and Plymouth House in West Bromwich for £1.45 million.
Rock-bottom starting prices of ‘nil’ have been given to a bumper range of almost 40 homes across northern England at Bond Wolfe Auctions next auction later this month.
The bargain basement reserve prices are on properties appearing at the Birmingham auction from Burnley, Cleveland, County Durham, Cumbria, Doncaster, Grimsby, Hartlepool, Liverpool, Peterlee, Rotherham, Salford and Sunderland.
The zero tags have been tied to the lots because they are boarded up, in need of serious renovation, or only available for external viewings.
In Cumbria, the ‘nil’ properties include a pair of
When it comes to properties for sale at auction, you can bet you’ll find something different to what you normally see in an estate agents’ window. Churches and factory sites, water towers and fields are par for the course in a typical auction catalogue. But Network Auctions’ forthcoming February sale includes a lot which is strange even for the auction room – pavements. Pavements adjacent to a parade of commercial properties in Sidcup, Kent with a guide price of £1000+.
The lot being sold under the hammer at The Westbury Mayfair Hotel on 20th February, is described in the auction catalogue as
Competitive bidding is expected for a two-bedroomed house in Nottinghamshire with a guide price* of just £4,000 to £9,000 in Bond Wolfe Auctions’ next auction in Birmingham.
The vacant end-terraced property at 8 Derby Street in Mansfield stands flush to the pavement with an open plan living room and kitchen area downstairs, the bedrooms upstairs and a rear yard outside.
Gurpreet Bassi, chief executive at Bond Wolfe Auctions, said: “This property needs of refurbishment but once that’s tackled it could make someone a lovely home.
“It’s in a nice little location leading onto Fisher Lane Park and
Auction House – already the largest property auctioneer in the UK – is opening a brand new branch in Kent, with its inaugural auction scheduled for 27th of February.
Auction House Kent Managing Director Andrew Stallard said: “We’re delighted to be bringing the Auction House success story to the garden of England. Kent has long been on the group’s list of targets, and we will be serving the patch from our offices in the county town of Maidstone. We’re looking forward to providing the area with the type of innovative, dynamic and proactive auction service that it so richly deserves.”
Richmond House surgery, a four-storey period building located at 26 Brunswick Street, Teignmouth, Devon is to be sold at auction in London on February 20th by Network Auctions with a guide of £185,000+.
The former surgery, which closed when two Teignmouth GP surgeries amalgamated to create the new Teignmouth medical group, is expected to attract interest from investors and developers keen to be part of the regeneration plans.
Paul Heather, Charles Darrow Network Auctions said ‘The former surgery offers a great opportunity for a developer or investor to make the most of the building’s location
When someone passes away, the focus is usually on the immediate practicalities such as the funeral arrangements. However, if they owned property, this needs to be dealt with as well. Buying and selling a property belonging to someone who has passed away isn’t much different from a normal conveyancing transaction, but there are still a few things that the parties need to be aware of and the process can take longer.
What If the deceased owed the property with someone else?
If you owned a property with your spouse or partner, and they pass away, what happens to their share of the land? Well
Bond Wolfe Auctions has won a competitive tender to be appointed as official auctioneer for Walsall Council.
The business, which is only just into its second year, has already been appointed by Birmingham City Council and is also offering lots surplus to requirements for West Midlands Police.
Chief executive Gurpreet Bassi said: “The good news continues, as we have also recently been shortlisted for five awards at TheBusinessDesk.com Masters Awards and The Signature Awards 2020.
“We are keeping our fingers crossed but we are obviously delighted at the recognition for such a young business.”
Mr
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