Investment property expected to attract keen interest in latest auction

A mixed use investment property in Leigh is being auctioned with a guide price of £1.25m+.

The property, 100 Lord Street, is a substantial, part-tenanted, mixed-use investment property currently producing more than £112,00 per year, which could be increased to approximately £153,500 when fully let.

Located at the junction of Lord Street and Brown Street North and within a mainly commercial area, the three-storey property features eight units ranging from 207 sq ft to 685 sq ft on the ground floor, and a series of 23 apartments spread across the upper two floors.

Each apartment has an open plan lounge/kitchen and a bathroom or shower.

The majority have one bedroom, with two studios and three apartments with two bedrooms. Outside there is a small rear yard with parking.

The property is expected to attract attention from investors when it goes under the hammer with SDL Auctions on July 30.

Andy Thompson, head of auctions North West, said: “The town has been undergoing regeneration in recent years and is becoming an increasingly desirable place to live.”

The property will be sold as part of SDL Auctions’ next national property auction, which replaces its room auctions held at the AJ Bell Stadium in Manchester.

Since switching to live-streamed auctions with remote bidding only at the start lockdown, SDL Auctions has raised more than £55m for sellers.