Innovation and technology park changes hands at auction
A new record for the highest individual lot price of £1.61m was set at Mark Jenkinson and Son’s latest online auction.
Malmo Food Innovation and Technology Park in Hull – comprising 10 units totalling 27,300 sq ft and a resource centre, all fully let – was originally listed at £1.5m but sold for the record-setting sum.
The freehold site of 1.69 acre was the top selling lot in the sixth online event of the year for the auctioneers – which saw 31 of 36 lots selling for a total of £5.8m.
Another property sale completed at the same auction was the former Firth Park Advice Centre in Sheffield – a substantial inner terrace with ground floor extension comprising office accommodation – with a guide price of £95,000 sold for £163,000.
Adrian Little, head of the auction department at Mark Jenkinson and Son, said: “There is currently very high demand for residential modernisation opportunities – with lots selling well above guide price across South and East Yorkshire and Nottinghamshire, too.
“Equally, commercial property is performing strongly – as well as the record-setting industrial site in Hull, an inner terrace with accommodation including shop in Sheffield sold for £272,000 after being listed at £175,000.
“And a landmark Grade II listed building in Ecclesfield village with two retail units plus six flats/studios, sold for £395,000 – £20,000 more than its guide price.”
