Merseyside auctioneer Sutton Kersh has attracted 85 lots for its first property auction of the year, on 12 February.
Highlights of the sale at the Liverpool City Centre Marriott Hotel include a major freehold residential investment in the heart of Liverpool’s university quarter.
The property on Hope Street comprises a Victorian middle terrace arranged over three floors, plus basement, which has been converted to provide 10 letting rooms. Fully let, the property currently produces income of over £52,000 per annum. Subject to planning the basement could be converted to provide a further two or three rooms, increasing the potential annual income to £62,000.
Meanwhile, a vacant extended four bedroom detached house in Wavertree is guided at £165,000 plus. The property on Queens Drive, close to the Rocket flyover, is described as offering good family accommodation in a popular and well-established residential location.
Cathy Holt, joint Head of Auctions at Sutton Kersh says: ‘Wavertree is an extremely popular area particularly with families, given the easy access to good schooling and the general amenities on Allerton Road. The property will suit owner occupation, resale or investment purposes.’
Other residential stock includes a 5 bedroom property on Garmoyle Road in Liverpool L15. The vacant property will make an excellent family home or could provide a student rental opportunity, with potential income in excess of £18.000 per annum.
Elsewhere, a vacant three storey commercial property in Birkenhead has a guide price of £100,000 plus. The building on Grange Road includes a ground floor retail unit, along with office accommodation to the basement, first and second floors. It may suit a number of alternative uses, subject to planning.
On Aigburth Road in Liverpool a vacant mixed use property is also guided at £100,000 plus. The three storey property includes a ground floor retail unit with a 5/6 bedroom flat above, which may suit student investment purposes.
A portfolio of five garages at Enfield Street in St Helens has a guide of £10,000 plus.
Among the commercial investments is a mixed use property in Wallasey comprising a hot food takeaway and a three bedroom maisonette, currently producing income of £13,000 per annum. The guide price is £85,000 to £90,000.
At its seven auctions in 2014 Sutton Kersh sold 520 lots and generated total proceeds of £40,000,000.
Mrs Holt says: ‘We enjoyed another excellent year in which we consistently out-performed our competitors and finished as Merseyside’s leading auction firm for the ninth consecutive time.
‘The February catalogue provides a range of opportunities at guide prices to suit all budgets and should get our 2015 auction campaign off to a flying start.’
The full February auction catalogue is available to view online at www.suttonkersh.co.uk/auctions-property