7th December 2015
Christmas cheer expected in Nottingham auction room next week
7th December 2015 – Graham Penny Auctions, the most successful property auction house in Nottingham, is holding its seventh and final auction of the year next week and is on course to end the year on a high with more than 45 lots going under the hammer.
To view all the properties in the Nottingham December auction CLICK HERE
The auction, on Tuesday 15th December at Nottingham Racecourse, will feature a catalogue of 49 varied residential investment houses, development land, mixed use properties and commercial premises from across Nottinghamshire and the rest of the UK.
Auctioneer Graham Penny commented: “We have a full diary of viewings booked in for our properties as buyers want to secure their next property and exchange contracts before the Christmas break.
“Plus, with the increase in stamp duty for buy-to-let landlords and those buying a second home coming into force in April next year, we’re seeing a lot of people wanting to buy in our auction room this month to make the most of the lower rates while they can.”
Amongst the properties going under the hammer in the December Nottingham auction room are:
- 47 Colston Road in Nottingham – a second floor two storey maisonette with two bedrooms which is in need of some modernisation and improvement but would be ideal for a first time buyer or investor. The *guide price is £33,000+.
- 7 Walnut Tree Crescent in Forest Town – a three bedroomed semi-detached house, which is believed to have been previously rented at £450pcm, with a guide price of £60,000+.
- 69 Acton Road in Arnold – a mature three bedroomed semi-detached property in need of major improvement, modernisation and refurbishment and with a guide price of £60,000+.
- 97 Birkin Avenue in Nottingham – a four double bedroomed three storey property requiring full refurbishment, modernisation and improvement and which would make an ideal investment opportunity. The guide price is £50,000+.
Graham Penny Auctions dominates the region’s property auction market in terms of lots offered, lots sold and revenue raised. Last year Graham Penny Auctions sold more lots in Nottingham than any of its city competitors, achieving total sales of more than £17.8m. In 2015 so far it has raised over £18m and sold more than 190 lots.
Graham added: “All properties sold will exchange in the auction room meaning that sale is secured before Christmas and completion will take place in the New Year. All successful bidders can rest assured that their 10 per cent deposit will secure the sale and vendors can enjoy Christmas in the knowledge their sale cannot fall through.”
To view all the properties in the Tuesday 15th December auction CLICK HERE
*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions click here