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Auctions

Hammer time again for Graham Penny

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17th September 2014

The Graham Penny Auctions catalogue for its next Leicester auction on Thursday 2nd October has been launched today and features 22 lots from across the Midlands and the rest of the UK.

The last Graham Penny auction in Leicester in August was its most successful in the city to date and with the residential properties, commercial properties, land and others on offer next month this success is set to continue.

Carl Finch, Graham Penny Auctions Leicester branch manager, commented: “Our October catalogue has a great mix of properties and land lots appealing to the owner-occupiers, landlords and developers and our guide prices range from £10,000+ to £750,000+ so there should be something for everyone.”

Landlords looking for their next property could be interested in 5 Granville Street in Loughborough, a traditional Victorian mid-terraced house currently let to three students at £9,000pa and with a guide price of £98,000+. 8 Erdyngton Road in Braunstone may attract someone looking to purchase their next home. It’s a three bedroomed semi-detached house which has been partly renovated but requires some finishing and has a guide price of £78,000+.

For anyone looking to take on a development project there is a rarely available paddock of land approx. 1.55 acres in size at Oakham Road in Halstead, Tilton on the Hill which has a guide price of £22,000+.

Graham Penny Auctions dominates the region’s property auction market in terms of lots offered, lots sold and revenue raised and continues to stay well ahead of its rivals across the East Midlands. So far this year Graham Penny Auctions Leicester has raised over £9.2m in sales for its clients and achieved an 82 per cent success rate.

Carl added: “With the traditional method of auction we operate, our buyers pay only a £750 buyers fee along with their 10 per cent deposit on the fall of the gavel, they exchange contracts in the auction room and complete the sale only three weeks later. It’s a straightforward and transparent process.”

The auction will take place on Thursday 2nd October at the King Power Stadium in Leicester. For a copy of the auction catalogue visit the website at www.grahampenny.com or call Graham Penny Auctions on 0116 254 9654.

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