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Next Property Auction

Written by: Richard Roe on Tuesday 20/03/2012

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A tenanted nightclub and a former Yorkshire Water borehole site are two of the lots on offer at the next Eddisons auction.

Strata nightclub which occupies part of Regal Buildings on the corner of Castle Street and Keighley Road in Skipton town centre has a guide price of £600,000 plus.

The property is let to the current tenants, VP Hotels Ltd, on a 20 year lease which commenced in 2011 and generates annual rent of £70,000. 

Meanwhile, the former Spofforth borehole site which includes a separate stone building has a guide price of £30,000 plus.

The site is located off a lay-by on HarrogateRoad, North West of Spofforth village, close to Wetherby town centre. 

A former Women’s crisis centre in Headingley near Leeds is also set to go under the hammer.

The vacant property on Spring Road which may be suitable for residential development subject to the necessary consents is being offered on behalf of Leeds City Council at a guide price of £330 to 350,000.

The Manchestersale includes a tenanted bar and nightclub on King Street in the centre of Wigan.

Chicago’s bar has around 12 years unexpired term and currently produces rental income of £75,000 per annum. The guide price is on application.

Elsewhere, a Georgian mid terraced building in Warrington is also being offered, upon the instructions of the administrators.

The freehold property on Bewsey Street, close to the railway station was formerly the site of a hotel and most recently utilised as 11 self contained studio and one bedroomed apartments. 

The guide price for the property which is described as needing extensive refurbishment and renovation to bring it up to modern standards is £100 to 125,000.

The catalogue also includes a portfolio of 34 regulated tenancies.

Tony Webber of Eddisons said: ‘As always our auctions attract a wide cross section of stock catering for a range of budgets and buying criteria.’   

In total 153 lots are being offered at the two day sale which takes place on March 29 at Leeds United Football Club, Elland Road, Leeds and on April 3 at The Premier Inn, Trafford Park, Manchester. Both sales start at 12.30pm.

The full catalogue is available to view on line at

Written by: Richard Roe on Tuesday 20/03/2012

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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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