Regional auctioneer SDL Auctions has seen further growth in demand for auction services from estate agents with 500 branches now partnering with the firm, as the UK private treaty market grapples with faltering transaction levels.
Barnard Marcus sold 54% of lots offered at its 17 September sale at the Grand Connaught Rooms, WC2, raising £18.6m.
A freehold terrace of 11 three-storey houses in London, E1, sold for £7.5m at Allsop’s residential sale last week
Principal Real Estate Europe raised more than £3m through its second online commercial auction with Allsop this week
A freehold terrace of 11 three-storey houses in London, E1, sold for £7.5m at Allsop’s residential sale yesterday (13 September).
Allsop, the UK’s largest commercial auctioneer, has reported strong half-year sales figures of £320.5m, down only 10% on the previous year’s £357.8m amid high street woes and ongoing Brexit uncertainty. The firm sold 523 properties in H1 2018 compared with 562 properties in H1 2017. The 82% success rate for H1 2018 was only slightly […]
The latest Savills catalogue offers 15 lots priced at £1m and above, suggesting that vendors may be feeling more comfortable with the market than earlier in the year.
Investors with a nostalgia for Grantchester, the Cambridgeshire village made famous by Rupert Brooke’s 1912 poem, could snap up a bargain at the next Cheffins auction on 19 September.
A freehold terrace of 11 three-storey houses in London, E1, will go under the hammer at Allsop’s first residential sale after the summer break
The owner of a grade-A office block on a business park in Peterlee, County Durham, has decided to risk the vagaries of the UK property market by placing his building at auction with no reserve.
Fund manager Principal Real Estate Europe has instructed Allsop to hold a second online auction of retail property owned by Local Shopping REIT
Most of the auctions market took its usual August holiday, but there were still pockets of activity, with sales continuing predominantly in the regions.
Essential Information Group reports only 132 auctions held across the UK last month – 12 fewer than last year and 36 fewer than in July 2016
Lambert Smith Hampton’s entire property auction team has left the business. The highly regarded team of six led by national head of auctions Oliver Childs is expected to launch a new auctions business. LSH meanwhile is understood to be committed to further growing the online auctions business developed by Childs’ team, while pulling back on […]
A former residential care home with 20 bedrooms in the Lozells area of Birmingham attractetd fierce bidding at SDL Auctrions Bigwood’s sale last week, finally selling for £1.14m from a £400,000-plus guide price.
Allsop raised more than £38m with a 77% success rate at its July residential sale, down from £52m on last year’s figure.
Andrews & Robertson raised £5.4m from its latest auction, achieving a 72% success rate.
Barnett Ross saw strong appetite for commercial lots at its sale last week, selling 90% of its catalogue to raise just over £10m.
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.