SDL Auctions North West’s first ever auction in Manchester has been hailed as a great success with lots sold on behalf of owner-occupiers, investors and receivers.

The first auction at the AJ Bell Stadium attracted 25 lots and raised £1,105,751 on the day with the total expected to rise with deals struck after the auction.

SDL Auctions chief executive Rory Daly said: “This was a most encouraging start and such is the interest already in our October auction, we are confident of doubling the number of lots on offer.

“As we are becoming more and more established, the momentum is really starting to build for our next auction on 12 October.

“There is clearly a growing appetite for auction sales in the north west and we are keen to hear from individuals, businesses and organisations keen to make the most of the opportunity to maximise their assets.

“We are already well on track for 50 plus lots on 12 October and we hope this will continue to rise.”

Andy Thompson, SDL Auctions North West’s senior valuer, said: “We sold a strong mixture of residential and commercial lots on behalf of both corporate and private clients in our first auction in Manchester.

“We are building a strong team in the north west with the recent arrival of two commercial auction valuers in Peter Eustance and Howard Elliot-Jones.”

The Manchester auction’s £1,105,751 brings the total raised by SDL Auctions nationally to over £600 million since it was founded, with more than £65 million raised so far this year.