Bond Wolfe Auctions is celebrating completing its second year in business by donating £6,000 to the Bond Wolfe Charitable Trust to distribute to well deserving West Midlands charities.
Despite concerns over Brexit and the coronavirus pandemic, the Birmingham-based auction business finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 - £81.4 million) with an average success rate of 94%.
Chief executive Gurpreet Bassi said: “Despite the business challenges posed by the pandemic, the team at Bond Wolfe Auctions has achieved remarkable successes by
Bond Wolfe Auctions had their final sale of 2020, raising over £17.5 million and seeing 158 lots sold from the 175 offered for a success rate of 91%.
The run up to the livestream online auction on Wednesday 9 December, saw the now customary strong interest with 573,045 website page views, 94,617 video tours watched and 21,777 tuning in to watch the auction live on the day.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This shows that interest in our live streamed auctions and demand for well-priced property continues. With a minimum of seven auctions in 2021, plus the
On Thursday 10th December Sutton Kersh Auctions held their final auction of the year and sold over 88 properties, in total worth over £7 Million.
They sold 29 properties worth £2.2 Million prior to auction, including a £10,000 guide price property in Newsham Park which sold for considerably more.
This brings their annual total for 2020 to over 550 properties sold at a value of £53 Million, which equates to them selling 85% of the lots they have offered, with these numbers set to rise with post-auction sales.
Cathy Holt, Associate Director, comments ‘What an incredible way for us to
Recent months have seen huge growth at Auction House, with a marked increase in the value of sales made, and some of the group’s regional auctions entering their highest ever number of lots.
During November this year, Auction House offered 229 lots and sold 161 – at a steady success rate of 70.3%, with £18.8m raised. This compares with a sale value of £11.5m in November 2019 – a hike of 62% year on year.
Commenting on the figures, Auction House Founding Director Roger Lake said: “There’s no doubt that buoyancy has returned to the auction sector. A new urgency is now evident, as more
Lockdown proved no barrier to SDL Property Auctions achieving some outstanding results for sellers in November.
Spurred on by the guarantee of speedy transactions, buyers flocked to bid in both Auction Events and Timed Auctions during the month. And with Timed Auctions running every day, and a bumper day-long live-streamed Auction Event, there were plenty of opportunities for sellers to get a quick, concrete result for their properties.
Competition was fierce in last week’s live-streamed Auction Event, with more than 100 bidders driving up the price of the first three lots so they
There’s still time to secure a property purchase before Christmas as SDL Property Auctions has just launched its December catalogue ahead of its final National Property Auction of the year.
And buyers in the Auction Event will also beat the stamp duty holiday deadline comfortably, as exchange will take place on the fall of the hammer and sales will complete in January.
The Auction Event will once again be held in the company’s head office auction studio with a live auctioneer and will provide buyers with a choice of remote bidding methods.
Managing director and auctioneer
In further recognition of its status as a market leader, SDL Auctions has become one of just 15 industry suppliers for NAEA Propertymark.
The UK’s leading professional body for estate agents’ vets all of its suppliers, choosing only those which will directly benefit its members.
SDL Auctions sees the partnership with NAEA Propertymark as an opportunity to help estate agents learn how both live-streamed and single-lot timed auctions work, and how they can be used to open up a new income stream.
Commercial Director Louise Moss said: “Our partnership with NAEA Propertymark
A substantial Birmingham industrial investment opportunity valued at close to £1 million will go under the hammer at Bond Wolfe Auctions’ next sale on Wednesday 9 December.
Island Works is a freehold industrial/office investment at 122 Holyhead Road in the north west of Birmingham on a site of approximately 0.68 acres which is let to a long term established tenant, producing rental income of £75,000 per annum.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Island Works is typical of the kind of commercial investment opportunity that in the past would
A major investment opportunity in Bromsgrove High Street will be offered at Bond Wolfe Auctions’ next sale on Wednesday 9 December.
The property is one of a growing number of investments regularly featuring in Bond Wolfe Auctions’ livestreamed online auctions.
The high profile, period-styled property at 54-56 High Street, Bromsgrove, is let to WH Smith Retail Holdings Ltd on a five year lease from June 2017 at a current rent of £37,500 per annum. It is a prominent location and the building totals 4,045 sq ft over three floors. It has a guide price of £420,000+.
Ian Tudor, managing
Commercial lots once again feature strongly in the catalogue for Bond Wolfe Auctions’ next sale on Wednesday 9 December with properties ranging from a BBC radio station to the site of a 19th century Worcestershire inn.
First under the hammer in the auction which will be livestreamed via the website from 9am, will be a double retail unit in Winson Green offered on behalf of Birmingham City Council.
The property is a two storey, end terraced unit front in Dudley Road within the commercial centre of Winson Green, some 1.5 miles north of Birmingham city centre. The premises has a large