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Lots on Offer at Leeds Property Auction

Written by: Richard Roe on Thursday 20/11/2014

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Eddisons has put together a bumper catalogue for its final auction of the year at Elland Road on Thursday, December 11 starting at 12:30pm.

The firm is offering 80 lots to bring the curtain down on a successful year in which proceeds of nearly £50,000,000 have already been generated on behalf of its clients.

Tony Webber, Director and Auctioneer at Eddisons says: ‘We have assembled an excellent catalogue to conclude what has been another very busy year.

‘Investors have turned out in large numbers and bid enthusiastically for a wide range of stock, proving that for many people property remains the investment vehicle of choice.’

Among the lots up for grab is a tenanted student investment off Roundhay Road in Leeds. The part-let property on Spencer Place is currently let to three students, producing annual income of £10,908. The guide price is £85,000 plus, a potential gross return of nearly 13%.

Meanwhile, a part-let property on Stanningley Road in the Armley area of Leeds with the potential to generate £16,680 per annum when fully let, is guided at £110,000 plus.

Commercial opportunities include a fully let investment in Harehills comprising three workshop units producing £23,160 per annum. The guide price is £190,000 plus.

Elsewhere, a fully let mixed use property in the centre of Otley producing annual income of £38,100 from tenants including Thomson has a guide of £400,000 to £420,000.

The Leeds auction is part of a three day sale which also includes dates in London (December 4) and Manchester (December 9), when a total of 134 lots will go under the hammer.

Among the lots at the London leg of the sale are three freehold office investments, with asset management opportunities, on Dewsbury Road in Leeds. Malmarc House, Holbeck House and Hunslet Hall are being offered individually at guide prices of £500,000, £600,000 and £125,000 respectively.

Details of all 134 lots are available to view by clicking here.

Written by: Richard Roe on Thursday 20/11/2014

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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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