Markden Mews pic

Eddisons auction hits £8m in ‘challenging’ market

Simon Donohue

Two fully let residential properties in Liverpool were among sales totalling almost £8m at Eddisons' three day May auction.

Numbers 6 & 7, Markden Mews, Upper Hamilton Street, sold for £205,000. The properties generate annual rental income of £20,400.

Situated near to Liverpool's John Moores University, the properties had been offered on the instructions of the joint LPA receivers at a guide price of £170,000 plus.

Meanwhile, a mixed commercial and residential opportunity in the Burnage area of Manchester, currently generating annual income of £11,160, sold for £173,000.

Elsewhere, a vacant parcel of land extending to nearly four acres in Royton, Oldham sold for £135,000.

Among the residential stock was a vacant three bedroom semi-detached property in the Ladybridge area of Bolton, which sold for £78,000 off a guide of £45,000 plus.

A part completed residential development opportunity in Burnley, with the potential to generate £17,000 plus per annum when fully finished and let, achieved £125,000.

Eddisons sales were held in Manchester, Leeds and London.

Auctioneer Tony Webber said: "This was our first combined national property auction catalogue which gave all the lots we were offering increased visibility.

"Despite the challenging trading conditions we are delighted to have sold nearly £8m of stock across all asset classes in just seven days."

Eddisons' next North West auction takes place in Manchester on Tuesday 25 June.

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