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Bumper Catalogue Heralds Start Of Auction Year

Written by: Richard Roe on Tuesday 01/01/2013

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Chartered surveyor Eddisons has attracted 160 lots for its first two day auction of the year.

These include Wonderland, the well known covered market on North Promenade in Cleethorpes.

The property extends to around 59,000 sq ft and occupies a site of nearly 3 acres. The guide price is £425,000 plus.

It is being offered for sale in the same month that the iconic Cleethorpes Pier also goes under the hammer.
 
Meanwhile, a prime waterside development site on Greyfriars Road in Doncaster, extending to around 0.92 acres is being offered on the instructions of the Canal & River Trust at a guide price of £250,000 plus.

Pre auction interest is reported as being ‘high’ for a vacant detached former Council office premises in Headingley, near Leeds, which is guided at £120,000 plus.

In the nearby village of Scarcroft, a residential building plot off Ling Lane, one of the area’s most desirable addresses, with planning permission for a five bedroom property, is guided at £260,000 plus.

Elsewhere, a unique barn conversion opportunity at Bleara Moor near Barnoldswick has a guide of £175,000 plus.

The barn occupies a site of approximately 9 acres within a rural location and is offered with full planning permission for conversion to a three bedroom house.

In Bacup, the former Beulah Methodist Church which comprises 11 self-contained apartments producing annual income of £35,700 has a guide price of £375,000 plus.

Commercial stock includes a mixed retail and office building in the centre of Wakefield which is part let to William Hill, producing annual income of £20,000. The guide price is £230,000 plus, a potential return of 8.7%.

And, a tenanted retail unit in the heart of Altrincham town centre producing £24,000 per annum, is guided at £140,000 plus.

Residential stock includes the former Oddys Lock House located on the Leeds and Liverpool canal, close to the centre of Leeds.

The vacant three bedroom house had originally been scheduled for the October auction, but was withdrawn prior to the sale. The guide price is £100 to £110,000.

Tony Webber of Eddisons said: ‘This is a bumper catalogue to start our auction year. There is a wide selection of both residential and commercial lots, at guide prices to suit all budgets.

‘We look forward to building on the success of our 2012 auctions when we sold 787 lots, generating proceeds of over £60m.’

The two day sale takes place on February 21st at Leeds United Football Ground, Elland Road, Leeds and on February 26th at the Premier Inn, Trafford Park, Manchester. Both sales start at 12.30pm.

The full catalogue is available to view on line at www.eddisons.com/auctions.

Written by: Richard Roe on Tuesday 01/01/2013

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About the author

Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.

In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.

Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.

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