SDL enjoys 27% year-on-year sales uplift at February auction
SDL Property Auctions raised £23.7m for sellers in February, a 27% increase year-on-year.
The live-streamed national property auction on 25 February continued well into the evening as auctioneers Andrew Parker and Rory Daly worked their way through a bumper catalogue of more than 200 commercial and residential lots.
The bulk of the lots were unconditional, with 106 of 142 lots finding buyers, a success rate of 75%. The total raised was in excess of £19m. A further 34 lots were sold on a conditional basis, raising more than £4m.
SDL Property Auctions raised £23.7m for sellers in February, a 27% increase year-on-year.
The live-streamed national property auction on 25 February continued well into the evening as auctioneers Andrew Parker and Rory Daly worked their way through a bumper catalogue of more than 200 commercial and residential lots.
The bulk of the lots were unconditional, with 106 of 142 lots finding buyers, a success rate of 75%. The total raised was in excess of £19m. A further 34 lots were sold on a conditional basis, raising more than £4m.
Among the properties sold under the hammer was a bay-fronted three-bedroom terraced house in Leicester (lot 16), sold in partnership with Priya Properties. The house, close to De Montfort University, is currently tenanted at £585 per calendar month. It sold for £165,000 from a guide price of £135,000-plus.
Managing director Andrew Parker said: “Many people believe auction properties are sold at discounted prices, but this is just one example which dispels that myth.”
In Manchester, 9 Crab Lane in the northern suburb of Blackley (lot 53) was sold in partnership with Aubrey Lee for £70,000 from a guide price of £65,000-plus.
There was a wide range of commercial lots sold, too, including another Aubrey Lee lot (lot 65): a distinctive art deco commercial property in Aintree, Liverpool (pictured), comprising three self-contained units which are part-let and currently producing an annual income of £25,764.
Situated in a well-established and popular industrial location, with neighbours including Wickes, Howdens, Wren Kitchens and B&Q, it sold for its guide price of £400,000.
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Photo courtesy of Tank PR
