£40 million in property sales for 2015

Sutton Kersh looks set to sell close to £40 million of property during 2015, pointing to a sturdy recovery in the City Region market.

So far this year the auctioneers have sold more than £33million of property with one auction left, on December 10th.

Sutton Kersh looks set to sell close to £40 million of property during 2015, pointing to a sturdy recovery in the City Region market.

So far this year the auctioneers have sold more than £33million of property with one auction left, on December 10th.

Cathy Holt said: “The figures for property sales this year point to a confident market, with lots of properties changing hands and considerably more investment in property during 2015. So far this year we've sold 415 properties, and with one auction left to go we look set to reach a total of £40 million in property sales.

“Our final auction of the year has more than 85 lots, so it looks set to be another big auction to end the year. There are some really stand out properties in the auction, including a stunning period property of 11 self-contained apartments, in Liverpool’s Mossley Hill area and a mixed use commercial and residential building on Exchange Street East, offering great rental returns.”

Cathy predicts that bidding will be particularly fierce on the Mossley Hill property. A substantial semi-detached property currently providing 11 self-contained apartments, benefiting from central heating, double glazing, large front garden, sunhouse and off road parking.

The property has full planning permission to convert the property to provide seven luxury apartments and the construction of two four bedroom new build properties within the grounds. With a guide price of £700,000 and in one of Liverpool's most prominent areas, close to Calderstones and Allerton Road, Cathy believes the property offers huge investment potential.

With a guide price of £450,000, Exchange Street East is a Grade II listed investment property, currently producing £42,000 per annum in rental income, with potential to increase to over £50,000 per annum. The property lies within a conservation area in a unique building and comprises a ground floor retail unit together with three newly refurbished self-contained flats to the ground floor. Also, to the lower ground floor, which has recently been refurbished, are several offices suitable for rental purposes or possible residential conversion.

With other lots with a nil reserve, the December auction offers a huge variety of properties for all types of investors and buyers.

The auction takes places on the 10th December at 12 noon, at the Liverpool Marriott Hotel.

For more information visit www.suttonkersh.co.uk/auctions or call 0151 207 6315.