More auction success for Sutton Kersh

Sutton Kersh sold 71 (77%) of the 93 properties offered at is recent auction, generating proceeds of over £3,700,000.

With plenty of post sale activity already taking place the final figure is anticipated to be around 80%, with proceeds nearing £4,000,000.  

Seating was at a premium at the Liverpool City Centre Marriott as Sutton Kersh once again attracted a large audience, many of who were clearly in the market to buy.

The best performing lot of the day was a residential redevelopment opportunity in the Mossley Hill area of South Liverpool which sold for £623,000 off a guide of £550,000.

Carleton House on Palmerston Road is a former school and has planning permission for conversion into six flats. The lot also included the adjacent coach house which has planning for a self contained dwelling.      

Meanwhile, a vacant residential property close to St Helens town centre was the subject of a bidding war.

206 A&B Clipsley Lane is a two storey detached property which had been previously used as offices, before being converted to provide two interconnecting semi-detached houses. The potential to create two individual properties, with strong letting potential, was reflected in the price achieved of £106,000, off a guide of £65,000 plus.                

Elsewhere, a tenanted five bedroom mid terrace property on Mandeville Street, off County Road, which generates £6,500 per year sold for £64,500, a gross return of over 10%. The guide price was £40,000 plus.

Other highlights included land adjacent to 63 Westhead Avenue, close to Kirkby town centre which sold for over 4 times its advertised guide price.

The cleared site, offered on behalf of Knowsley Council at a guide of just £5,000 plus, achieved £22,000.

Cathy Holt, Auction Manageress at Sutton Kersh said: ‘This was another strong auction as buyers reacted positively to all types of stock, and showed further evidence of improved investor confidence.

"We have also been inundated with enquiries for stock which did not sell in the room and I am confident these will result in further sales."

Sutton Kersh is now inviting instructions for its 12 December auction, which will be Merseyside’s last property auction of 2013. The catalogue closes on 19 November.

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