Sutton Kersh Exchange
Exchange Street East is for sale for £450,000

Sutton Kersh predicts £40m total for 2015 auctions

Sales for the Merseyside auctioneer have totalled £33m so far this year across 415 properties, with the final auction of 2015 due to take place on 10 December.

Sutton Kersh said the total pointed to a sturdy recovery in the City Region market.

Cathy Holt, joint head of auction, said: “The figures for property sales this year point to a confident market, with lots of properties changing hands and considerably more investment in property during 2015. So far this year we’ve sold 415 properties, and with one auction left to go we look set to reach a total of £40m in property sales.

“Our final auction of the year has more than 90 lots, so it looks set to be another big auction to end the year.”

Properties for sale in December include a semi-detached property close to Calderstones and Allerton Road providing 11 self-contained apartments, with central heating, double glazing, large front garden, sun house and off-road parking.

The property has full planning permission to convert into seven luxury apartments and the construction of two four bedroom new build properties within the grounds. The guide price is £700,000.

For sale for £450,000, Exchange Street East is a grade two-listed investment property, currently producing £42,000 each year in rental income, with potential to increase to over £50,000 each year. The building lies within a conservation area in a unique building and is made up of a ground floor retail unit together with three newly refurbished self-contained flats to the ground floor. Also, to the lower ground floor, which has recently been refurbished, are several offices suitable for rental purposes or possible residential conversion.

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