June proved to be a challenging month for the auction sector, with overall lots offered down by 19.5% and lots sold down by 23.1%
An rarely available unbroken parade of seven lock-up shops, seven flats and four lock-up garages in Muswell Hill, N10, will go under the hammer at Savills’ next sale on 24 July
Strettons’ July auction witnessed the same cooling of the market reported by other auction houses over recent weeks, selling 56% of its catalogue.
Digital auction house BidX1 raised £2m from its latest UK auction, but posted a disappointing 46% success rate
A round-up of news from this week’s sales
Acuitus sold £37.3m of commercial property at auction yesterday in its largest sale of the year to date and notched up an 80% success rate
The headline lot at Cheffins’ latest sale was a mixed-use investment in central Cambridge, which sold for £885,000 against an upper guide of £700,000
A consortium of three private investors has instructed Lambert Smith Hampton to sell a former hotel in Chesterfield, Derbyshire, in an online auction with a “reserve not to exceed” £1.5m.
Receivership lots, surplus banks and local government stock found buyers at LSH’s sale, but refurbished mixed-use high street lots and vacant shops struggled to sell.
A charitable foundation raised almost £19m from the break up of 25 HSBC banks at the Allsop Commercial auction this week.
An unbroken freehold block of 33 flats in Leicester will go under the hammer at the Auction House London sale on 18 July with a guide price of £1.7m-plus
A house in Chiswick, W4, undergoing conversion to five flats is guided at £2.7m in the latest Andrews & Robertson catalogue
Buyers and sellers alike are embracing online property auctions. What are the attractions? And, if you’re ready to pick up your next investment on your mobile device, which firms do you need to know about?
A substantial piece of Brighton real estate with high income potential will go under the hammer at the Strettons’ auction on 16 July, guided at £1.75m-£1.8m.
A rare Grade II-listed building in London’s South Kensington, arranged as student flats, will be offered at the Allsop Residential sale on 19 July guided at £5m-£5.2m.
With £1.7bn ploughed into UK commercial and residential property at auction in the first five months of this year EG guides private investors on how to spend their money wisely.
The new president of the National Association of Valuers and Auctioneers has pledged to put personal safety high on the trade body’s agenda during his term of office.
A residential development opportunity on a half-acre site close to Colchester, Essex, sold for £910,000 at the Barnard Marcus sale this week
Clive Emson sold more than 120 lots at its June sale, raising in excess of £20m and notching up a 74.7% success rate
A vacant office building in Oxford owned by four Irish businessmen before it was placed into receivership will go under BidX1’s virtual hammer next week
Lambert Smith Hampton will offer a freehold trade counter investment with a guide of £2.35m at its July ballroom auction
The next Acuitus auction will offer 91 lots that generate income of close to £5m
Savills sold 67% of its catalogue this week, raising £24m in a “stop-start market”
Allsop’s commercial auction on 3 July hopes to tap into demand for security of income with 36 bank investments on offer in a catalogue of more than 200 lots
An unloved Scottish shopping centre could pave the way for the future of regional malls if brothers Rahim and Karim Virani are successful with their plans
The Ministry of Defence sold its first portfiolio of properties through Lambert Smith Hampton’s online auction process last week
A vacant office building with consent for further development in Putney, SW15, will go under the hammer at Savills’ sale next week, with a guide price of £1.25m
Irish online firm BidX1 and its wholly owned UK ballroom auctioneer Andrews & Robertson sold more than £45m of stock in six sales held within a 10-day period starting at the end of May
When developers go bust, investors can end up losing millions – and auction is often the preferred route to claw back losses. EG asks what is involved
The auction market bounced back in May after a disappointing set of results in April
The 31 May sale raised £5.2m with a 62% success rate, climbing to £6m and 73% post auction.
More than 300 properties were for sale, making it one of the largest catalogues of the year.
Auctions data specialist Essential Information Group is about to add online and conditional auction lots to its listings
Close to 140 empty bank and building society branches have been sold at auction over the past 12 months, according to Essential Information Group. Ken McEwan explains why he bought one of them
Investors at the Acuitus auction on 24 May showed extreme caution after a tumultuous few weeks for the UK retail sector
A grand country home and courtyard building with permission for conversion into 24 luxury flats is on offer at SDL Auctions Graham Penny’s next Leicester sale
The headline lot at Cheffins’ next sale is a mixed-use opportunity in central Cambridge that generates a yearly income of more than £65,000
Competitive bidding at SDL Auctions Bigwood’s latest Birmingham sale pushed the total to £16.7m with an 83% success rate
Allsop wields the hammer as court orders sale of murderer’s property portfolio.
Allsop’s residential sale will offer more than 300 lots at the Cumberland Hotel, W1, including more than 30 £1m-plus lots.
Strettons raised £8.6m at its auction this week, with a 65% success rate
Barnard Marcus raised £18.7m at its auction this week, selling 68% of lots offered.
Figures for April suggest the auction market has cooled slightly, after two successive months of growth in volumes of stock offered and sold.
Twenty-two lots fetched prices of £1m or more at Allsop’s 15 May commercial sale
Royal Bank of Scotland has raised £2.7m from the sale of a former NatWest bank in Hackney, E8, at Lambert Smith Hampton’s latest sale
Savills raised £30m at its auction last week, with a 72% success rate.
A new record was set in the auction room yesterday, when an unbroken residential estate sold under the hammer for £20.4m at the Barnett Ross sale.
A Greggs bakery in Wood Green, N22, will go under the hammer at Strettons’ sale this month
A highly sought-after Aldi supermarket will go under the hammer at the Acuitus sale on 24 May
A development opportunity close to Birmingham with planning permission for a 22-bedroom care facility is expected to sell for more than £1m later this month