Sutton Kersh auction proceeds top £3.7 million

Sutton Kersh sold 70% of the lots offered at its latest Merseyside property auction, generating proceeds of over £3.7 million.

The performance in the room was supplemented by a large number of lots which sold prior and, with strong post sale interest in unsold stock, the final figure could reach £4 million. 

Highlights included a pair of vacant three storey middle terrace properties in Chester, comprising retail, commercial and residential space. Guided at £100,000 to £125,000, competitive bidding saw the lot achieve £189,000.

The very first lot of the day, a three bedroom extended semi-detached on Blackmoor Drive in Liverpool L12 which was guided at £110,000 plus, was knocked down for £140,000.

Bidding wars were a feature of the sale, typified by a three bed middle terrace on Hampden Grove in Birkenhead which achieved £64,000 off a guide of £40,000 plus.    

Elsewhere, a vacant three bed semi-detached in Ormskirk sold for £122,000. Melbourne on Burscough Road enjoys views over open countryside and following refurbishment will offer occupation, investment or resale opportunities. The guide price was £100,000 to £110,000.

In the four auctions to date in 2014, Sutton Kersh has sold over 300 lots and generated proceeds in excess of £21 million.

Cathy Holt, Auction Manageress at Sutton Kersh said: ‘As Merseyside’s leading auction firm we have consistently attracted large catalogues, offering investors a range of buying opportunities and have delivered impressive results on behalf of our customers.

‘We are already looking forward to the second half of the year with real confidence.’

Sutton Kersh is now inviting instructions for its next sale which takes place on 11 September. The catalogue closes on 15 August.