Project
Upon repossession, Eddisons was instructed by receivers to sell Olympic House via auction, a detached industrial unit located on the Marston Trading Estate in Frome, Somerset.
The auction process ensured a transparent and competitive sale, providing the client with confidence that fair market value was achieved.
The freehold property, offered with vacant possession, extended to approximately 12,114 sq. ft and comprised office and workshop space arranged primarily over a single storey, with a two-storey section to the front.
The property was listed with a guide price of £450,000+ plus fees.
Approach
Following inspection and appraisal, the property was entered into SDL’s national auction, held on January 30th, 2025, and broadcast live via their online platform with live auctioneers.
Bidding was made accessible via proxy, online, or telephone, allowing interested parties to participate remotely.
Results
The property was successfully sold at auction at a price of £495,000, meeting the client’s objective of securing a sale with vacant possession.
