Lottie Bids's blog

75% success rate and £1.63m raised at North West property auction

SDL Auctions North West has another successful auction under its belt after securing an impressive 75% success rate at the AJ Bell Stadium in Manchester.

The company’s fourth Manchester auction of the year this week saw a variety of lots go under the hammer, from small flats to large commercial premises, raising over £1.63 million in sales.

Auction House London storms home with another stunning sale

Sales continue to go from strength to strength for Auction House London with 80% of the lots listed, selling at last month's auction (Wednesday 31 July 2019).

It was a packed saleroom at the London Marriott Regents Park Hotel, where bidding at times was fast and furious. Director and Auctioneer at Auction House London, Andrew Binstock said, “It was a stunning result and compared to the average sales of 71.2% in the property auction sector generally, our figures are utterly exceptional.”

Local authority properties drive £5m sales at biggest auction of year

Regional local authority properties – including a garage site that went for more than four times guide price – drove sales of more than £5m at the biggest auction of the year for Mark Jenkinson and Son.

The number of telephone and proxy bids were at an ‘all-time high’ at the fifth and largest sale of the year so far, with 53 lots going under the hammer at the auction which lasted more than two hours.

Not ONE, but TWO COTTAGES for auction next week!

Hey peeps, I've spotted a rather funky fixer upper in Lincolnshire this time, and it's packed with character and quirky features throughout. With this one you're actually getting 2 in one, as it's made up of a pair of cottages... one with three bedrooms, and the other is a one bedroom.

Bargain £75,000+ guide price for 13 apartments at Nottinghamshire water tower site

A stunning water tower in Nottinghamshire with approved plans to create 13 luxury apartments goes under the hammer at Bond Wolfe Auctions’ next auction in Birmingham on Tuesday 10th September.

The landmark art deco building stands 26 metres high and sits on an L-shaped site of approximately 0.37 acres of land on Goldstraw Lane in Fernwood, near Newark.

Hello, hello, hello: three police stations up for sale in Birmingham auction

West Midlands Police has put three of its former police stations up for sale in Bond Wolfe Auctions’ next auction at Villa Park on Tuesday 10 September.

The spacious properties in Birmingham and the Black Country are all freehold and are considered suitable for a variety of uses, subject to planning permission.

Ian Tudor, managing director of Bond Wolfe Auctions, said: “I have a longstanding working relationship with West Midlands Police and I am delighted to be instructed on these three cracking opportunities.”

Investors buy brands as July sale £33.81m

Investors targeted properties occupied by some well-known business brands as Acuitus’s July auction saw the sale of £33.81m of assets and a success rate of 86%.

Three trade counter investments let to Travis Perkins sold for £1.45m, £1.12m and £800,000 at respective yields of 6.2%, 4.3% and 6.7%. A pair of B&M stores also attracted strong interest and sold for £900,000 and £740,000 at yields of 7.3% and 7.6% respectively.

SUMMER BREAK FOR AUCTIONEERS

It's that time of the year, when the auction houses take a well earned break.  There are a few auctions taking place this week and a handful in August.  Catalogues for September auctions will start to be released from mid August onwards, so keep checking back to see what's new!  There are also still plenty of unsold lots in our database from auctions that have taken place in July, with more to be added as and when the final auctions before summer take place.

 

Sale of holiday business offers a new life by the sea

Fancy a new life by the sea? The sale of a farmhouse, holiday cottage and campsite on the coast of North Wales has been described as “an exciting business opportunity” by auctioneers.

Ynyshir Farm Campsite, Picton Road, Picton, Holywell is due to be sold by SDL Auctions North West with a *guide price of £1.5-£2 million at the AJ Bell Stadium, Manchester, on Wednesday 7th August.

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