CHALLENGE
Following a formal procurement process, we were instructed by Doncaster Metropolitan Council to dispose of a number of lots at auction on their behalf. The lots consisted of three parcels of land, a former doctor’s surgery, a former care centre and Unity House (a number of commercial office units).
SOLUTION
On receipt of the instruction, each lot was inspected by a chartered surveyor for the purposes of completing a property appraisal.
Within 24 hours from the inspection, a written guide price and reserve price recommendation for each property was issued to the Council for consideration, together with an outline property report offered on a pro-forma report format.
Each property had different characteristics and potential. These were considered by our expert time prior to suggesting a guide price.
Reserve and guide prices were agreed with the client, and the properties were included in our Yorkshire & North East auction (held at Elland Road Football Ground, Leeds).
RESULTS
Against a collective reserve of £466,500, we achieved sales of £888,000 – with a 100% sales success for the lots included.
“Our property auctions team, which trades as Pugh and Co, are the leaders in the market. We sell property fast and with certainty. Whether it’s land, residential property, commercial property, we one of the highest sale success rates in the market.”
