Date
Sector
Investment

Eddisons Launches First Combined National Auction

 

Eddisons is offering 115 lots at its first combined national property auction which takes place over 3 days in Manchester (May 21st), Leeds (May 23rd) and London (May 28th).

The catalogue provides plenty of choice for buyers in all asset classes, with commercial and residential investments, vacant commercial and residential buildings and land throughout the country all well represented.

Tony Webber of Eddisons said: ‘This is our inaugural combined national property auction and now makes all the lots we are selling more visible to buyers nationwide, as well as giving our clients a truly national marketing platform.’

The Manchester sale includes a part tenanted mixed commercial and residential opportunity in the Burnage area of the city producing rental income of £11,160, which has a guide price of £160,000 plus.

Elsewhere, a vacant parcel of land at Fereday Street in Worsley, with lapsed planning consent for 28 apartments, is guided at between £140 and 150,000.

Meanwhile, buyers in Leeds could be attracted to a major retail investment opportunity in the Whitkirk area of the city.

Tenants include Co-operative Funeral Services, an angling store and a carpet retailer, producing annual rental income of £53,650. The guide price is £550,000 plus.

There are also a number of former British Legion premises across the north of England being offered by the organisation’s trustees, with guide prices from £20,000.

Residential stock includes the former caretakers’ bungalow at Bramhope Primary School.

The vacant three bedroom property on Tredgold Crescent in the popular village on the outskirts of Leeds is being offered on the instructions of Leeds City Council at a guide price of £150,000 plus.

The London leg of the sale includes 10 parcels of land in prime locations throughout the country, on behalf of JCDecaux.

Among the portfolio is a 0.25 acre site in the London suburb of Raynes Park, which is guided at £750,000 plus, and may have development potential, subject to planning.

Rental income of £69,000 per annum is achievable from a tenanted property in Southall, Middlesex. The entire ground floor is let to Tote Bookmakers (trading as BETFRED), with residential accommodation to the upper floors. The guide price is £925,000.

The full catalogue is available to view by clicking here.

 

Written by: Richard Roe on Thursday 02/05/2013