Auctioneer Eddisons sold 29 (78.4%) of the 37 lots at its latest Leeds auction, generating proceeds of nearly £3M.
Robert Limbert Associate Director and Auctioneer at Eddisons said: ‘There was good bidding across all categories, with very little escaping the interest of investors and developers.’
Among the highlights was Ye Olde Flying Horse, a former public house in the village of Kegworth, near Derby, which sold for £319,000.
Meanwhile, Virginia Cottage, a vacant five bedroom property
arranged for multiple occupancy in the Roundhay area of Leeds, sold for £175,000 off a guide of £150,000 plus. It has previously generated annual rental income of £18,600.
A tenanted residential property in Harehills incorporating a two bedroom house and a self-contained studio flat producing £9,000 per annum achieved £65,000, a gross return of nearly 14%.
Residential development opportunities included a vacant parcel of land at The Blossoms in Methley with planning for a three storey, four bedroom townhouse, which sold for £50,000. In Bradford, 0.10 acre site with planning for two detached houses achieved £85,000.
Elsewhere, a strip of land extending to 0.75 acres in Northallerton sold for £115,000.
The land at Hailstone Moor, two miles west of the town, has previously had planning permission for a leisure plot and as a residential site for a single travelling family.
A number of lots sold prior to the sale including a former Methodist Chapel on Doncaster Road in Ferrybridge, dating from around 1878.
Eddisons is now inviting instructions for its next Leeds auction taking place on 21 May.
Robert joined Eddisons' property auctions team in 2004 as a senior surveyor and is now a Director and Auctioneer based in the Leeds office. The property auction division organises around 15 auctions a year in Leeds and Manchester and sold £30m of property at auctions in 2015. Previously, Rob worked for Ashtenne Industrial Fund and has more than 17 years’ experience in property.