Smith & Sons expects pension pots to flow into auction rooms

Smith & Sons has announced details of its second auction of 2015, to be held at 2pm on 29 April at the Village Hotel in Bromborough.

The spring auction will include a number of residential properties in need of refurbishment.

Chris Johnson, auctioneer at Smith & Son, said: "The relaxation of pension arrangements will encourage new investors to become involved in the buy-to-let market. There are many opportunities to obtain yields in excess of 10% with the additional benefit of capital growth.

"Bricks and mortar have always proved popular and should be considered as part of any investment portfolio, particularly bearing in mind low interest rates obtainable elsewhere which look set to remain at historically low levels for some time."

A fully refurbished property in Euston Grove provides an income of £33,000 a year representing a yield of over 14% at the middle of the guide price of £220,000-£240,000. An investment in Lea Road, Wallasey also produces a yield in excess of 10%.

Flats in Martins Lane and Watson Court are good letting opportunities without the need for expenditure.

There are residential development sites in Bidston Green Drive and Marquis Street, both in Birkenhead, are competitively priced and in established residential areas. Commercial opportunities include a substantial industrial unit in Ellesmere Port containing a trade counter and 7,000 sq ft of workshop and office space guided at £90,000-£110,000.