Eddisons New Market Street

Eddisons July sale results

A residential investment in Wigan doubled its guide price at the latest Eddisons auction in Manchester, selling for £299,000.

The property on New Market Street is arranged as 11 self-contained flats and produces an annual income of £25,200. The guide price was £145,000.

A property on Greengate in Salford with lapsed planning consent for a mixed commercial and residential scheme sold for £250,000, while a vacant 3,500 sq ft office to the south of Blackpool town centre sold for £175,000.

A tenanted pub in the centre of Burnley, generating annual income of £35,000, went for £221,000.

In total, Eddisons said it generated proceeds of more than £8.6m at its July round of auctions, which included dates in London and Leeds as well as Manchester.

The average price paid for a lot was £157,500.

Tony Webber, director of Eddisons said: "This was a good performance with stock selling well in all categories."

Eddisons is now inviting instructions for its next North West sale on 16 September.

Your Comments

Strong results. Impressive.

By Toby Nield

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