A substantial mixed-use property in Wales with an established income stream of nearly £30,000 per annum is going under the hammer in SDL Auctions Cheshire and North Wales’ first auction of 2018.
Liverpool House on Corwen Road, Pontybodkin in Mold has a guide price of £150,000+ and is one of 54 lots in the catalogue for the auction at Chester Racecourse on Tuesday 27 February.
The property is bringing in rent of £8,080 per annum from a hair salon and beauticians in two ground floor retail units, and another of £21,580 per annum from four one bedroomed flats on the ground floor and upper
SDL Auctions Graham Penny’s 2018 Nottingham auctions got off to a great start with over £1.8m raised in the 31 January auction held at Nottingham Racecourse.
The auction was held in the week when SDL Auctions Graham Penny was once again named as the top auctioneer in Nottingham by the Essential Information Group.
Early lots sold well with 76 Chadwick Road, Nottingham, a three bedroomed semi-detached house requiring modernisation and improvement, achieving £133,000 from a *guide price of £80,000.
Similar success was enjoyed for 7 Staverton Road, Bilborough, an extended, three bedroomed semi
Smith and Sons first auction of 2018 will include 24 lots and is to be held at the Village Hotel in Bromborough at 2pm on 21 February.
A property sure to attract attention is a three bedroomed semi detached house in Sandridge Road, Pensby. This requires complete refurbishment but offers great potential to create a family home either for onward sale or owner occupation.
A number of residential investments are being offered with returns in excess of 15% and are situated in popular areas of Birkenhead and Wallasey.
A residential development site in Milner Road, Heswall has planning for two five
Acuitus Finance - in conjunction with Octopus Property - has developed a Pre-Approved Auction Bridging Loan to streamline the process of buying properties at Acuitus auctions.
The auction room and the finance market operate at different speeds. If an investor buys at auction they have 4-6 weeks to complete the purchase but organising finance can take much longer than this - sometimes months.
The new pre-approved loan product has been designed to address this mismatch. Octopus Property will provide a 50% loan-to-price bridging loan based upon the price paid in the auction room and with no other
Commercial property continues to prove popular in auctions, and SDL Auctions Graham Penny is now inviting final entries from vendors looking to sell retail units, development land, industrial premises or investment properties at the first Derby auction of 2018.
Robert Stone, senior valuer at SDL Auctions Graham Penny, said the auction on Thursday 22 February at Pride Park Stadium already had a strong selection of commercial properties.
“Interest in commercial property in auctions has been growing and we are pleased with the variety of properties already confirmed for our first Derby auction
Award-winning property auctioneer Auction House has maintained its number one ranking in the industry, successfully selling 3,485 lots last year – a figure which is up 4% on 2016 and over 1,250 (1,269) more than its nearest rival.
It’s the fourth year in a row that the group has passed the annual 3,000-lots sold milestone, offering 4,647 lots in 2017 with a 75% success rate, and raising over £440million (£443,969,384).
Responding to the figures, Auction House Founding Director Roger Lake said: “2017 turned out to be another brilliant year at Auction House. Yet again, we sold a record number of
An East Midlands property agency says it has experienced a record year for the sale and acquisition of development sites – breaking the £100m barrier for the first time in its history.
Fisher German’s national planning and development team, based at the firm’s Ashby De La Zouch office, has released record results after advising on the sale and acquisition of multiple sites with a value in excess of £100m in 2017.
The sites, based across England, range from two to 160 acres and are capable of delivering more than 2,900 dwellings nationwide spanning across areas from Gloucestershire to Cheshire
Leading land broker Aston Mead Land & Planning says a change to the rules on affordable housing for smaller sites would have a devastating effect on the very business the Government is trying to support.
As the law stands, developments of 10 homes or fewer are excluded from the requirement to provide or contribute to affordable housing provision. But London mayor Sadiq Khan’s new draft London plan encourages boroughs also to contribute to affordable housing delivery for smaller sites when setting out their plans for development.
Aston Mead Land & Planning Director Adam Hesse said: “This move
One of Derbyshire’s landmark historic houses with a secret door and passageway is set to be the star of SDL Auction Graham Penny’s February auction.
The Homestead in Spondon village is understood to be the oldest of only three houses with Grade I-listed status in Derby.
An extra exciting attraction is a secret door concealed behind the left-hand fireplace alcove in the morning sitting room on the ground floor, opening into a passageway with private access to the basement wine cellarage.
The property, which is offered freehold with vacant possession upon completion, has a *guide price of £590
It's important that you view a property before you bid for it at auction. There are so many things to consider and often the most important questions are forgotten. Ensure you ask the relevant questions by taking our handy viewing checklist with you on your viewing.
If you're a buyer, you’ll probably encounter other potential buyers when looking around, which might make you feel pressured. Try not to let it affect your decision; it’s still important to inspect the property fully and not to be influenced by other parties when deciding how much the property is worth or whether it's right for you
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