Going once, twice…gone for £4.6m
MERSEYSIDE auctioneer Sutton Kersh has sold 75% of the lots offered at its first auction of the year, generating more than £4.6m.
The sale at the Marriott Hotel in Liverpool attracted investors, owner occupiers and developers.
Highlights included the very first lot of the day, a vacant three storey commercial property in Birkenhead combining retail and office space, which achieved £132,000 off a guide price of £100,000 plus.
However, the stand out performer was a residential investment in Liverpool’s Georgian Quarter.
The property on Huskisson Street is arranged as five self-contained flats producing annual rental income of £27,000. It was finally knocked down for £374,000 to an investor in the room who fought off two determined telephone bidders. The guide price was £300,000 plus.
Elsewhere, a vacant three bedroom mid terrace on Ling Street in Liverpool L7 achieved £64,000, well above the advertised guide of between £40,000 and £45,000.
Meanwhile, a residential investment in the Maghull area of Liverpool producing rental income of £3,900 per annum sold for £87,500. The three bedroom property on York Road had been offered at a guide of £75,000 plus.
Joint head of auctions at Sutton Kersh, Cathy Holt, said: “It was good to be back in the auction room after the long winter break.
“We had assembled a strong catalogue to kick off our 2015 auction campaign which offered a wide variety of opportunities to suit all budgets.
“20 lots sold prior to the auction which contributed to the strong overall performance and with plenty of post-sale interest in stock still available the figures are likely to increase.”
