Pugh & Co auctions hit £5.9m

Pugh & Co's latest round of auctions at the Etihad Stadium in Manchester and Aintree Racecourse in Liverpool generated £5.9m, with sales still taking place.

The first lot at the Manchester auction saw a former industrial workshop in Wigan sell for three times its guide price. The unit at Forton Road was offered on behalf of Wigan Council and achieved a final sale price of £475,000.

Dinmore Hotel, a former pub in Blackpool with a guide price of £110,000 sold for £250,000, and a vacant parcel of land in Layton offered on behalf of Tesco with a guide price of £25,000 sold for £41,000.

The Liverpool auction saw a semi-detached property sold on behalf of Cheshire West & Chester Council for £92,000, £22,000 higher than its guide price.

Paul Thompson, director and auctioneer at Pugh & Co, said: "Our North West auctions always see a high demand for property with investors looking for unique opportunities under the hammer. Our recent auctions delivered some fantastic results on behalf of key clients across the area and we are already building our September catalogues for Manchester and Liverpool."

The next round of Pugh & Co auctions will take place between the 9 and 11 September.

Your Comments

Read our comments policy here