Leading Merseyside auction house Sutton Kersh will hold its biggest auction for over 2 years on the 5 April. Their latest catalogue that comprises 94 lots is their largest since October 2008.
This is promising news for the local auction market which has been hampered by a shortage of stock over the last 12-18months. The majority of the catalogue is made up of residential properties for which pre auction interest has been high.
Popular lots include lot 9, a vacant commercial unit at 213 Kensington Street guided at £25-35,000 and vacant residential properties on Cotswold Street and Needham Road in Kensington that are guided at £40-45,000 and £35,000 respectively and 75 Hinton Street in Anfield, which is guided at £35,000.
The auction will open with bidding for a substantial development opportunity on Hartington Road. The three-storey building comprises three self contained flats all of which are in need of repair and modernisation. It also benefits from a plot of land to the side that was formerly a semi-detached property. Subject to the necessary planning consents being obtained the site would be suitable for redevelopment purposes. It is located in a popular residential area between Smithdown Road and Croxteth Road, and is guided at £50,000+.
Another property highlighted as being suitable for redevelopment purposes is a vacant commercial property located on South Parade in Speke. The premises were formerly used as probation offices and are kitted out as such with burglar alarms, smoke alarms, trunked wiring, central heating and have disabled access. The property is highlighted as being suitable for a number of purposes including residential redevelopment. It also benefits from a surfaced car park to the front that provides parking for 10-12 cars. The accommodation includes 10 offices and has an approximate internal floor area of 3252.85sq.ft. It is guided at £70,000+.
Cathy Holt, auction manageress at Sutton Kersh comments "It is both pleasing and encouraging to see stock levels return to pre-crash levels. Not only is the catalogue our biggest for nearly two and a half years, but the quality of the stock is also very good. There are lots of cheap residential properties in areas that are popular with buy-to-let investors that are attracting a lot of interest. The catalogue has been well received with enquiries flooding in and I hopeful for a good sale."
The sale will commence at 12noon on the 5 April at the Marriott Hotel in Queen Square, Liverpool City Centre. All lots can be viewed on the auction house's website.