Properties invited to go under the hammer

Warren Lewis
21st August 2014

Midland-based property auction house Graham Penny Auctions is inviting entries for its next auction.

Earlier this month Graham Penny Auctions held its most successful Leicester auction to date in terms of volume of sales with more than 20 lots going under the hammer generating over £2.5m for clients. The team is now offering free appraisals for anyone interested in entering a property in the next auction on Thursday 2nd October at the King Power Stadium.

Carl Finch, branch manager at Graham Penny Auctions Leicester, commented:

“At our last auction the room had a real buzz about it; people were excited about the lots we had on offer and with bids coming in from the room, on the phone, by proxy and via the internet it made for some lively bidding.

“Buying and selling by auction is continuing to rise in popularity and since we launched in the city last year we have built up a trusted client base of buyers who know we’ll have something that’s relevant to them in our auction room.”

Auctions can be a great place to sell all kinds of properties including those in need of refurbishment, a property with unique characteristics, a tenanted property or land and building plots. Plus, anyone with a requirement to sell quickly is likely to get a successful and speedy sale and, if necessary, completion dates can even be set sooner than 21 days.

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 81 per cent success rate.

Carl added: “Selling at auction widens the potential market; not only will there be buyers who want to make it their home, there will also be investors, developers and property dealers interested in buying. All our properties are extensively marketed online, via social media, in the local press and in our city centre office and our quality catalogue is mailed to thousands of potential buyers across the UK.”
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