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Bradford lots to go under the hammer at Eddisons auction

Written by: on Wednesday 17/02/2016

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Vacant and tenanted properties, as well as commercial property and plots of development land in Bradford are to go under the hammer at Eddisons’ next Leeds property auction, which takes place at Leeds United Football Club on 25 February.

Five lots will be up for auction, including a plot of development land near Aberdeen Terrace in Clayton. The 0.1 acre site, which has access onto Pasture Lane, has planning consent for three houses and is guided at more than £80,000. A commercial property on Bowling Back Lane, close to Wakefield Road is also on offer. The 5,000 sq ft single-storey warehouse unit with mezzanine floor, yard and car parking has a guide price on more than £150,000 

Three residential properties offer further opportunities for potential investors.  Offered as one lot are 61 Market Street, 14 and 14a Fountain Street in Thornton. The two-bedroom flat and two one-bedroom flats, respectively, are fully let and provide a gross income of £11,400 a year and have a guide price of £110,000. Meanwhile, 11 Dewhirst Place, a two-bedroom mid-terrace house with vacant possession, is expected to achieve in excess of £32,000 and a one bedroom mid-terrace with vacant possession at 75 Kershaw Street, is expected to achieve in excess of £35,000.

Glenn Levison, associate director at Eddisons, said: “Bradford’s property market is currently experiencing something of a renaissance and these lots offer an attractive range of opportunities for potential investors.

“There is something for everyone, from a straightforward, fully-let properties providing an assured return to vacant properties and land with development opportunities and potential for longer-term capital gains.

“With both the commercial and residential markets performing well at the moment, we’re already receiving a lot of enquiries from around the country.”

The Leeds auction will take place on 25 February at Leeds United Football Club, Elland Roads, Leeds.

The full catalogues are available to view at www.eddisons.com/property-auctions

Bradford’s property market is currently experiencing something of a renaissance and these lots offer an attractive range of opportunities for potential investors

Written by: on Wednesday 17/02/2016

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