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Retail Investments Amongst Next Auction Stock

Written by: Richard Roe on Wednesday 10/10/2012

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Retail investments, let to Thomas Cook Travel Ltd, are among stock at the next Eddisons two day property auction on October 25 and 30.

These include a property on Manchester Road in Denton which generates annual rent of £26,250. The guide price is £200,000 plus, a potential return of over 13%.

A unit in Selby town centre, also let to Thomas Cook Travel Ltd at an annual rent of £30,800, has a guide of £300,000 plus.

Meanwhile an investment property in Horsforth, on the outskirts of Leeds, which generates income of £75,000 per annum, is also going under the hammer.

The mixed used property on New Road Side comprises the Kobe bar, Co–operative Funeral Services and The Curtain Shop. The guide price is £775 to 785,000, a potential return of 9.7%.

Other stock includes a part let office/business centre in Scunthorpe.

Bellwin House occupies a site of approximately 1.3 acres and has the potential to generate annual income in the region of £83,000 when fully let. The guide price is £180 to 195,000.

A number of lots are being offered at declared nil reserves. These include a parcel of public open space land in Bradford which is being offered on the instructions of Barratt Homes.

In Blackburn, a portfolio of vacant terraced houses configured as four self contained apartments and a former care home, is also for sale.

The property on Bathurst Street has a guide price of £250,000 plus, and may suit conversion to individual houses or student accommodation, subject to planning.

Residential stock includes Cherry Tree Farm, a Grade II listed derelict farm house in Bradford, believed to date back to 1754. The property and out buildings require total renovation and has a guide price of £130,000 plus.

Elsewhere, a former Lock Keepers house close to Leeds city centre, in need of refurbishment, has a guide price of £100 to 120,000.

In total Eddisons has attracted 122 lots for its two day sale which takes place on October 25 at Elland Road, Leeds and on October 30 at The Premier Inn, Trafford Park, Manchester. Both sales start at 12.30pm.

The full catalogue is available to view here

Written by: Richard Roe on Wednesday 10/10/2012

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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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