Property auction news: A trio of live-streamed auctions featuring lots spanning all four corners of the country will bring another successful month for SDL Property Auctions to a close.
From the north of Scotland down to the Devon coast, and stretching from Swansea in the west to Felixstowe in the east, the lots going under the hammer comprise all types of property to suit a wide range of budgets, from million-pound investments to small parcels of land.
The most northerly lot is just one of many investment opportunities in Scotland being sold in a dedicated live-streamed
Expanding national property group Bond Wolfe has attracted total sales of more than £16 million from the 154 lots sold in its latest auction on 20 October.
The revenues now mean that with another auction in December still to go the auctioneer’s year-to-date sales total has reached £146 million, with an average success rate of 93%.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “We were pleased to see that the interest in our auctions remains very high, reflecting the increasing regional, national and global demand for property.
“Despite the prospect of higher
Auction House - the UK’s largest property auctioneer - says the increased success of auction could help bring about the end of sealed bids, or ‘best-and-final offers’, as they are sometimes known.
Sealed bids usually come into play where there is significant interest in a particular property, and so potential buyers are invited to submit their offer to an estate agent before a pre-agreed deadline, without knowing the size of any other offers being put forward.
Auction House Managing Director Jeremy Prior said: “The simple truth is that sealed bids do a massive disservice to the
Inside the Georgian property being sold at auction with an extremely attractive guide price.
Watergate Street, situated within the Roman walls of historic Chester, is one of the most sought-after addresses in the city. It’s not the sort of place where you expect to find a 21 room, 4 bathroom, 4-storey Georgian town house for a guide price of £425,000-£450,000. Especially not when you consider a smaller house on the same street is listed for sale at double the price.
The catch? 102 Watergate Street is in need of refurbishment.
Behind the grand exterior, the Grade II listed building
A strong selection of retail premises from across the Midlands, many already producing respectable rental income, will be attracting investors to Bond Wolfe’s upcoming October property auction.
Bidders from across the UK - and overseas – will be logging on to the livestreamed sale event on Wednesday 20 October tempted by the lure of strong returns.
A modern retail unit on the edge of what will become Wolverhampton’s £55 million leisure-led Westside city centre mixed use development is among a string of attractive lots, alongside traditional high street retail units in Bloxwich
Bargain hunters with an eye for property in Derbyshire will be homing in on Bond Wolfe’s next auction later this month, where house sales prices will start as low as £9,000.
Half a dozen properties including a former Methodist church are set to tempt property investors and househunters alike at the livestreamed sale event, on Wednesday 20 October.
Particularly tempting is a two-bedroomed, end-terraced house at 61 Mill Street in Ilkeston with a rear yard, gas central heating, double glazing and a guide price* of only £9,000 to £14,000.
Over in Alveston, Derby is a two
As queues for fuel formed across the UK last week, investors at Acuitus’s latest commercial property auction showed similar persistence for a petrol filling station investment. The freehold asset in Willesden, London NW10, sold for £4.575m at a net initial yield of 3.6%. It was the largest lot sold under the hammer at a sale which raised £23.57m in total.
Let on a new 30-year lease to Euro Garages with no breaks and fixed rental increases throughout the term, the filling station is close to London’s North Circular; produces annual income of £180,000; and includes a Spar convenience
SDL Property Auctions has many reasons to celebrate after a spectacular September of sales which saw it hold the biggest live-streamed auction in the UK for the second month running – and reach the shortlist in two prestigious Negotiator Awards categories.
There are no signs of a post-stamp duty holiday slump for SDL Property Auctions, with high demand all month long from buyers in Timed Auctions on its website and in its record-breaking live-streamed auction on the last day of the month.
Managing director and auctioneer Andrew Parker said: “We held our live-streamed auction
While the tiny shop in Blackwood, South Wales, may not be ideal for all businesses it is on a busy street and so will have plenty of footfall. The guide price for the shop is £27,000 at auction.
One of the smallest shops in the UK that is so narrow that you can touch opposite side walls with your arms outstretched is going up for sale.
Located on High Street in Blackwood, South Wales, the Central Buildings property is just 4.5 feet wide with a depth of 28 feet, reported Media Wales.
The empty retail property, sandwiched between a shoe shop and an opticians, will come up at auction in
Property Auctioneers, Smith and Sons, has raised £2.76 million at its latest property auction with 70% of lots sold, and other sales currently in the pipeline.
The online property auction once again attracted strong interest, with several lots generating final sales prices far above the guides.
Stand out lots include Radcliffe Road in Liverpool, a three-bedroom terraced house that sold at £88,250 against a guide of £55-60,000, a two bedroom terraced home on Larch Road in Birkenhead which sold for almost double the guide at £61,250 and another house in Howson St which reached £66,750