The UK’s largest property auctioneer, Auction House, is reporting another record month, with its July sales being the best ever recorded.
In a busy month for auctions and prior to the holiday slowdown, the group offered 592 lots through its room auctions, and sold 458 of them (compared to 427 in 2018) – at a strong success rate of 77.4% and raising an impressive £51.8 million. Meanwhile, the results for 2019 so far sit at 2,195 lots sold which is nearly 8% ahead of last year, after 7 months.
Explaining the buoyant figures, Founding Director Roger Lake said “Once again, the Auction House
SDL Auctions North West has another successful auction under its belt after securing an impressive 75% success rate at the AJ Bell Stadium in Manchester.
The company’s fourth Manchester auction of the year this week saw a variety of lots go under the hammer, from small flats to large commercial premises, raising over £1.63 million in sales.
One of the smallest properties to be sold on the day was a quaint one bedroomed ground-floor flat in popular Congleton. 61a Lawton Street features a lounge, bedroom, kitchen and bathroom, and sold for £39,000 from a guide price of £27,500+.
Sales continue to go from strength to strength for Auction House London with 80% of the lots listed, selling at last month's auction (Wednesday 31 July 2019).
It was a packed saleroom at the London Marriott Regents Park Hotel, where bidding at times was fast and furious. Director and Auctioneer at Auction House London, Andrew Binstock said, “It was a stunning result and compared to the average sales of 71.2% in the property auction sector generally, our figures are utterly exceptional.”
A three bedroom semi in Wembley was one particular lot which attracted a lot of attention from bidders in
Regional local authority properties – including a garage site that went for more than four times guide price – drove sales of more than £5m at the biggest auction of the year for Mark Jenkinson and Son.
The number of telephone and proxy bids were at an ‘all-time high’ at the fifth and largest sale of the year so far, with 53 lots going under the hammer at the auction which lasted more than two hours.
All the lots offered by Hull City Council and Barnsley Metropolitan Borough Council were sold, including the garage site at Silkstone in Barnsley which achieved more than four times initial guide
Hey peeps, I've spotted a rather funky fixer upper in Lincolnshire this time, and it's packed with character and quirky features throughout. With this one you're actually getting 2 in one, as it's made up of a pair of cottages... one with three bedrooms, and the other is a one bedroom.
Now, before we continue I should probably mention that while the floor plans of this one make clear that the arrangement is two clearly defined two storey properties, what hasn't been shown as clearly is their positions. The description declares that there may be potential to return these to a single dwelling
A stunning water tower in Nottinghamshire with approved plans to create 13 luxury apartments goes under the hammer at Bond Wolfe Auctions’ next auction in Birmingham on Tuesday 10th September.
The landmark art deco building stands 26 metres high and sits on an L-shaped site of approximately 0.37 acres of land on Goldstraw Lane in Fernwood, near Newark.
Permission has been granted for two apartments in the existing water tower, three new-build units within proposed “wings” to the tower, a further eight apartments in two courtyard blocks and 19 car parking spaces.
West Midlands Police has put three of its former police stations up for sale in Bond Wolfe Auctions’ next auction at Villa Park on Tuesday 10 September.
The spacious properties in Birmingham and the Black Country are all freehold and are considered suitable for a variety of uses, subject to planning permission.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “I have a longstanding working relationship with West Midlands Police and I am delighted to be instructed on these three cracking opportunities.”
Exhibit number one: a Victorian building that used to be Darlaston Police Station
Investors targeted properties occupied by some well-known business brands as Acuitus’s July auction saw the sale of £33.81m of assets and a success rate of 86%.
Three trade counter investments let to Travis Perkins sold for £1.45m, £1.12m and £800,000 at respective yields of 6.2%, 4.3% and 6.7%. A pair of B&M stores also attracted strong interest and sold for £900,000 and £740,000 at yields of 7.3% and 7.6% respectively.
Auctioneer, Richard Auterac, commented: “Investors are targeting assets which are well-let at sustainable rents to brands that they feel have resilience and have good trading
It's that time of the year, when the auction houses take a well earned break. There are a few auctions taking place this week and a handful in August. Catalogues for September auctions will start to be released from mid August onwards, so keep checking back to see what's new! There are also still plenty of unsold lots in our database from auctions that have taken place in July, with more to be added as and when the final auctions before summer take place.
Fancy a new life by the sea? The sale of a farmhouse, holiday cottage and campsite on the coast of North Wales has been described as “an exciting business opportunity” by auctioneers.
Ynyshir Farm Campsite, Picton Road, Picton, Holywell is due to be sold by SDL Auctions North West with a *guide price of £1.5-£2 million at the AJ Bell Stadium, Manchester, on Wednesday 7th August.
And the company’s head of auctions North West, Andy Thompson, can’t wait to see it go under the hammer.
He said: “This is a unique property with a huge amount to offer and represents an exciting opportunity for
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