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Published on : August 2, 2017 14:34

July Auction Success 2017

SUCCESS AT OUR JULY NORTHWEST PROPERTY AUCTION

The conference room venue at the A J Bell Stadium was bursting at the seams on Wednesday the 26th July for our latest North West Property Auction.

Featuring almost 90 properties from across the North West, North Wales and Yorkshire, our event attracted several hundred buyers, vendors, bidders and developers from across the region.

property-valuation

Our head of commercial properties and long standing Auctioneer, Nick Green commented:

“The room was so packed it was a struggle to get to the rostrum. It started filling up at 12.30, a full 90 minutes before the start of the auction. It was pleasing to see so many new faces in attendance.

Busy Auction Room

“The lots started off with a residential property in Moss Side Manchester selling at £116,000 after hard bidding. Most of the Manchester properties sold far in excess of the guide price and one in particular, a property in Abbey Hey that had recently experienced a boiler explosion causing major damage sold for at least 115% over guide, again after furious bidding.

Beresford Street   Market Street Sold

“We offered two commercial properties separately on Market Street in Droylsden, Manchester: Lot 2 was vacant and in very, very poor condition at a guide price of £50,000 and it sailed away after manic bidding at £111,000.

“Lot 16 was in good order. Two thirds the size of lot 2 with a vacant ground floor and a tenanted flat, it sold against a guide of £90,000 at £100,000.

property-valuation

“Two of the featured marque properties in the auction, a former Masonic lodge close to the centre of Bradford, and a church near Pwlheli in North Wales ripe for development, both failed to sell but will likely feature at our September auction.

St Buan Chruch For Sale    Spring Bank Place For Sale

“The room was difficult to read in that there seemed to be a lot of spectators in the audience monitoring prices as opposed to bidding which mirrors the trend around the UK.

“The main message from the sale was that guide prices and reserve prices need to be keen which is part of our ‘blueprint for success’” added Nick.

Our next auction is on Wednesday 13th September!

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