Victoria Road Wallasey

Sutton Kersh auction hits £4.8m

Auctioneer Sutton Kersh's latest Merseyside auction generated proceeds in excess of £4.8m, with 64 of the 91 lots sold.

The firm said there was strong post-sale interest in the stock still available, with the final receipts expected to reach £5m.

The best performing lot at the sale, held at the Liverpool Marriott Hotel, was a pair of three-storey semi-detached houses in Wallasey, which have been converted to provide 16 bedsits. The properties on Victoria Road sold for £260,500, more than £110,000 above the advertised guide price.

A two-bedroom flat at Minster Court in the university district of the city centre achieved £80,500 from a guide of £50,000. Meanwhile, a one bed flat at Hillside Court in Woolton which was guided at £55,000 sold for £81,250.

Commercial investments included the former Rileys Snooker Hall in Birkenhead, which sold for £178,000 from a guide of £115,000.

Cathy Holt, auction manager at Sutton Kersh, said: "We are receiving a significant number of enquiries for stock which failed to reach the reserve on the day, but with most vendors still keen to sell I am confident of further sales."

Sutton Kersh is now inviting instructions for its next sale which takes place on 17 July. The catalogue closes on 20 June.

Your Comments

Subscribe to our newsletter