Sutton Kersh sale hits two-year high
Sutton Kersh's latest auction generated sales in excess of £5m, with the most lots on offer in a single day sale in Liverpool for two years.
The sale at the Crowne Plaza hotel attracted a large attendance made up of investors, owner-occupiers and developers.
Highlights included a substantial three-storey property on Croxteth Road in Liverpool which sold for £560,000, having been offered at a guide of £400,000 on behalf of a housing association. The vacant property is arranged as 13 self-contained flats and could produce annual rental income of over £65,000 when fully let.
Housing association stock proved popular throughout the sale with all nine lots in this category snapped up for prices which exceeded the advertised guides.
Cathy Holt, joint head of auctions at Sutton Kersh, said: "Housing association properties are invariably priced to sell and the majority already benefit from double glazing and central heating which makes them ideal for investment purposes."
Meanwhile, a vacant four bedroom double fronted detached house in West Derby in good order throughout and suitable for immediate occupation sold for £221,000. The guide price was £200,000 plus.
A vacant three bedroom mid terrace property on Buckland Street in Aigburth sold to a cash buyer for £93,000 off a guide of £60,000 to £65,000.
Commercial stock included a vacant building on Park Road in Tuebrook, previously used as a car showroom and garage premises, which sold for £115,000 off a guide of £90,000 plus. A commercial investment on Oxton Road in Birkenhead achieved £54,000 off a guide of £30,000 to £35,000.
Sutton Kersh is now inviting instructions for its next auction which takes place on the revised date of Wednesday 3 June at the Titanic Hotel, Stanley Dock, Regent Road in Liverpool. The catalogue closes for entries on 8 May.