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London Auction - Watch Here

Written by: Richard Roe on Friday 15/02/2013

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Eddisons, a leading national firm of Chartered Surveyors and Auctioneers, has attracted 25 lots for its first London auction of the year, on March 7th.

Lots include commercial and residential investments, vacant commercial and residential buildings, land and ground rent investments throughout the UK. Guide prices range from £35,000 up to £1.8m plus.

Instructions have been received from administrators, receivers, trustees and local authorities, as well as property companies and private investors.

Simon Bailey, Director and Auctioneer at Eddisons said: ‘The catalogue provides a choice of options for buyers seeking either income streams or asset management opportunities.

‘I fully expect the encouraging signs of growth in the auction market at the end of last year to continue in 2013 and look forward to a busy sale to start our auction year.’   

Among the lots is a commercial investment property in Luton town centre, part let to bookmakers BetFred, generating £62,500 per annum. The guide price is £900,000 plus. 

Elsewhere, a freehold industrial investment in Banbury, Oxfordshire, which generates income of £222,000 per annum is guided at £1.8m to £1.9m.

Thomas House and Unicorn House on the Beaumont Road Industrial Estate extend to over 40,000 sq ft, on a site of approximately 1.49 acres.      

This is the first of five London auctions Eddisons has scheduled for 2013, following their inaugural sale in the capital last autumn.

The firm also stages 16 auctions annually in Leeds and Manchester and sales in Ireland.

The London sale takes place on March 7th at Le Meridien Hotel, 21 Piccadilly, London W1, starting at 12.30pm.

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

Written by: Richard Roe on Friday 15/02/2013

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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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