Network Auctions has reported an 82% sales result raising £3.4m in its last sale of the year on December 7th marking a record beating year for the company.
The sale included some notable results with a building plot in North London achieving a hammer price of £210,000 against a reserve of £110,000, a semi-detached house in Bristol with a late addendum relating to Japanese Knotweed selling for £434,000 against a guide of £360-370,000, and a bidding war for a parcel of land in Feltham which saw an astonishing hammer price of £17,000 off a guide of £2-3,000.
An historic church and its neighbouring church hall were two of the notable sales in SDL Auctions Graham Penny’s latest auction in Derby on 15 December.
The Church Hall fronting Market Street in Swadlincote sold for £81,000, from a *guide price of £40,000+, while the adjoining Methodist Church on West Street, which dates back to the reign of King George III, saw the hammer come down at £56,500 from a guide price of £40,000+.
Meanwhile, a former Frankie & Benny’s restaurant at 39 Cornmarket in Derby city centre sold on its guide price of £350,000, while a corner shop with accommodation above
The final Cheffins property auction of the year saw development and investment lots sell for premium prices on Wednesday 6th December. Hosted at the firm’s salerooms in Cambridge, the sale grossed over £2.75m across eleven lots including land, investment opportunities and residential homes.
The highest price on the day was £890,000 paid for the Colourbox Montessori Nursery on Haverhill Research Park which offered a rental income of £61,065 per annum. Making in excess of £100,000 over its estimate of £750,000, the property offers the investor buyer a final gross yield of 6.8%. The modern
Smith and Sons last auction of 2017 proved to be one of the most successful for several years achieving a success rate of 87% and raising approximately £1.7 million.
A full room created a lively atmosphere and bidding was brisk with several prices achieved in excess of the guides.
Houses for refurbishment once again proved popular with a property in Wavertree selling for £100,000 against a guide of £65,000 and a flat overlooking the Dee Estuary in Neston sold for £76,000 against a guide of £59,000.
A delightful three bedroomed cottage in Frankby sold immediately post-auction being guided at
More than £19m has been raised by SDL Auctions Graham Penny in its Nottingham property auctions across 2017 – up by £1.5m on 2016.
The impressive revenues, raised from seven auctions held at Nottingham Racecourse during the last 12 months, are higher than any competing auction business in the city.
The latest auction on Thursday 7 December saw what was possibly one of the biggest semi-detached properties in Nottingham sell for £273,000, from a *guide price of £160,000+.
Strong bidding for the property at 1 Alexandra Gardens in Carrington was driven by the fact that it had seven bedrooms across
The final Acuitus auction of the year saw the sale of 79% of the investments offered and realised £42m. The firm has now sold more than £300m of assets during 2017 – its second largest annual total.
Acuitus Chairman, Richard Auterac, commented: “Coming into this year – after the economic and political turbulence of 2016 – it was very hard to call how our market would fare. In the event, we have substantially broadened our seller base and been able to bring to auction the type of assets which meet the needs of the growing numbers of private investors targeting the commercial property sector.
Auction House has become the only UK property auctioneer to sell over 3,000 lots under the hammer this year – a milestone it has now successfully passed every year since 2015.
This time, the 3,000th sale took place during Auction House Scotland’s 30th November sale in Glasgow, and was a one-bedroom ground floor flat in Apsely Street in the city, which was guided at £79,000, but sold for £84,500 (see image attached).
So far this year Auction House has sold 3,020 lots from 4,060 offered – a success rate of 74.38% - and raised over £372.5m (£372,502,473). The group has also recorded its biggest
An apartment just yards from Derby train station is one of an impressive choice of more than 60 lots in SDL Auctions Graham Penny’s last auction of the year on 15 December.
Apartment 10 in Amber House, Railway Terrace is a well-appointed studio apartment capable of producing rent of £5,400 a year, and has a *guide price of £46,000+.
The property is close to Derby city centre and has an allocated parking space in a communal area next to the driveway, located behind decorative wrought-iron electronic gates.
Robert Stone, senior valuer at SDL Auctions Graham Penny, said: “This studio apartment
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