Sutton Kersh June auction tops £5m
Merseyside auctioneer Sutton Kersh sold 68 of the 92 lots offered at its latest auction, generating proceeds of more than £5.5m.
A vacant three-storey, five-bedroom end of terrace property in the Aigburth area of Liverpool sold for £146,500, from a guide price of £100,000.
A residential investment property in Island Road, Garston, producing rental income of £37,000 a year sold for £300,000.
The first lot of the day, a three-storey property in Sefton Park, Liverpool arranged as five bedsits and three self-contained flats, with potential to produce annual rental income of £22,000, achieved £195,000.
Sutton Kersh said that 17 lots sold prior to the auction day which reflects the serious bidding by investors who attended the sale at the Titanic Hotel, Stanley Dock in Liverpool.
Sutton Kersh is now inviting instructions for its next auction on Thursday 16 July at the Marriott Hotel, 1 Queen Square, Liverpool.
Cathy Holt, joint head of auctions at Sutton Kersh, said: “Not only did investors turn out in large numbers, they were intent on bidding seriously for the majority of lots in order to make sure they were successful. This meant a large number were the subject of bidding wars which also helped drive prices up. The result means we have generated over £15m already this year for our clients.”