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Eddisons Leeds Auction Generates £3m

Written by: Rob Limbert on Friday 24/04/2015

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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.

Written by: Rob Limbert on Friday 24/04/2015

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About the author

Rob joined Eddisons' property auctions team in 2004 as a senior surveyor in the Leeds office. Rob has developed a wealth of property specific experience and is now a Director and Auctioneer for Pugh Auctions, following the acquisition of Pugh in 2016.

Rob often leads auctions at our Yorkshire & NE auctions, where he has raised in excess of £60m in asset value for clients.

Rob has acted on behalf of a range of private and public sector clients, along with charitable trusts and private individuals.

Whilst familiar with most northern towns and cities, Rob has an in-depth knowledge and understanding of the Yorkshire, North East and East Midlands property market in terms of the regional variations, locations and styles of property, the types of businesses, upcoming developments and potential clients.

Please follow this link to view all upcoming property auctions.

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