Mark Lane

Member Article

Eddisons’ December auction breaks £60m barrier

The Yorkshire chartered surveying firm Eddisons has announced total proceeds of over £60m from its 2013 auctions, following the completion of its three-day December sale.

Highlights of the December sale included a part-tenanted investment property in the Beeston area of Leeds which sold for more than £100,000 above the advertised guide price.

The detached property on Fairfax Road which had been guided at £180,000 to £200,000, finally sold for £316,000. It is arranged as 12 self-contained flats currently producing income of £30,000 per annum.

Meanwhile, a freehold retail and residential investment in the Whingate area of Leeds let to One Stop Stores, a subsidiary of Tesco plc, producing income of £35,200 per annum, sold for £400,000.

Elsewhere, a former water tower on the Great North Road in Bawtry, near Doncaster, sold for well in excess of the advertised guide price. The building, which had been offered at a guide of just £2,000 plus on the instructions of Yorkshire Water, sold for £30,500.

Finally buyers had to spend more than a penny to purchase a former public toilet in Morley, near Huddersfield, highlighted in Bdaily earlier this year. The single storey building, which has change of use consent for A1 retail, sold for £37,500 off a guide of £20,000 plus.

Eddisons is currently inviting instructions for its first three-day sale of 2014 which takes place in London on February 18, Leeds on February 20 and Manchester on February 25.

This was posted in Bdaily's Members' News section by Mark Lane .

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