Cathy Holt, joint head of auctions at Sutton Kersh says: ‘Not only did investors turn out in large numbers, they were intent on bidding seriously for the majority of lots in order to make sure they were successful. This meant a large number were the subject of bidding wars which also helped drive prices up. The result means we have generated over £15 million already this year for our clients.’
A vacant three storey, five bedroom end of terrace property in the Aigburth area of Liverpool was among the highlights, selling for £146,500, having been guided at £100,000 plus.
Meanwhile a residential investment property on Island Road in Garston producing rental income of £37,000 per annum sold for £300,000. The guide was £275,000 plus.
The very first lot of the day, a three storey property in Sefton Park, Liverpool arranged as five bedsits and three self-contained flats, with potential to produce annual rental income of £22,000, achieved £195,000. It had been guided at £175,000 plus.
Elsewhere a portfolio of four tenanted apartments at a popular development in Liverpool attracted four telephone bids and plenty of interest from the room. Offered individually at guides of £80,000 plus, they each sold for between £85,000 and £94,000.
Sutton Kersh is now inviting instructions for its next auction on Thursday 16 July at the Marriott Hotel, 1 Queen Square, Liverpool. The catalogue closes for entries on 19 June.
