Auction action: Roger Hannah & Eddisons
AN industrial investment in Oldham is among the lots being offered at the next Eddisons auction on July 8.
Units 1 and 2 Hawksley Court, on the Hawksley Street Industrial Estate, are fully let and produce
annual rental income of about £49,800. The guide price is £375,000 to £400,000, a potential
gross yield of more than 13%.
Elsewhere a development site within walking distance of Manchester city centre is also going under
the hammer.
The site at 91-93 Greengate in Salford has lapsed planning consent for a mixed use scheme comprising
ground floor commercial and residential accommodation to the upper floors. The guide price is
£250,000 plus.
Meanwhile, a part-let long leasehold retail investment in Accrington currently producing £16,000 a year, with the potential to achieve £28,000, is guided at £50,000 plus.
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A listed former Co-op building was sold for nearly £500,000 at Roger Hannah’s June auction.
The multi-tenanted Hill Stores building was sold to an unnamed private investor.
A council depot in Ash Road, Droylsden, was amongst the other sales, going for £360,000 to an owner occupier. Total revenues from the sale stand at £4.5m.
Director Stuart Cooper said: “It was particularly pleasing to sell a couple of properties, one which had failed to sell in another auction house in the last three months, the other sold for £2,000 more than it was bought for at another North West auction house recently. This shows that no-one tries harder than us to achieve the best price for your property at auction.”
