16th June 2020
SDL Auctions to hold country’s largest live broadcast auction
SDL Auctions is preparing to host the largest live broadcast auction in the country this month with the launch of its latest catalogue.
To maintain social distancing, SDL Auctions has moved its room auctions to virtual national property auctions broadcast live over the internet. And, with 161 residential and commercial property lots going under the hammer on 30th June, it’s the biggest live-broadcast auction in the country this month.
Managing director and auctioneer Andrew Parker said: “Our monthly national property auctions are going from strength to strength, with a growing number of lots each time. We’re reaching a huge audience of serious buyers and this is reflected in our excellent sales figures.”
Since the start of the lockdown period, SDL Auctions has sold an average of five properties each working day and raised more than £34 million for sellers.
The figures are further evidence that SDL Auctions is providing a valuable service during the pandemic, not just to private sellers but to estate agents, too. This month’s auction features 39 lots from partner agents.
Andrew said: “It’s been a particularly tough time for estate agents as the private treaty market all but ground to a halt in March, with many sales falling through. We’ve been able to secure deals for sellers, at the same time helping estate agents to keep some income flowing. It’s a win-win for all parties.”
Andrew will be back in the auction studio at the company’s head office on 30th June for another bumper auction. All the action can be watched live on the company’s website with bids placed online, over the phone or by proxy.
Getting the auction off to a flying start will be the sale of a detached family house in a desirable part of Derby, which has already attracted a great deal of interest from potential buyers.
Requiring full renovation, 11 Cavendish Way in Mickleover sits on a large corner plot with the potential to be extended, subject to planning permission. The bay-fronted property has three/four bedrooms, three reception rooms and a conservatory and is being sold with a guide price of £210,000+.
Investors have the pick of the properties all over the country. Those in the West Midlands may wish to take a closer look at 12 St Johns Road in Dudley as it has the potential to become a House in Multiple Occupancy (HMO), subject to planning permission.
The three-storey investment property is currently vacant but was recently let for £850 per calendar month. It features a reception room, two kitchens, five bedrooms, two bathrooms and a shower cubicle. It has a guide price of £85,000+.
Landlords who like their properties to stand out from the crowd should head north to Liverpool, where Apartment 10 in 158 Earle Road can be found in a distinctive converted pub.
Offered fully furnished, the apartment has one bedroom, an open-plan lounge/kitchen and a shower room. It is within walking distance of local amenities and has previously achieved a rental income of £400 per calendar month. The guide price is £32,000+.
Among the commercial lots is a retail premises in the Cornish town of St Austell with eight rooms on the two upper floors, providing the potential for residential accommodation, subject to the necessary planning consents.
15-17 High Cross Street is a mid-terraced three-storey commercial property formerly run as a bookshop. At the rear of the property is a yard with several outbuildings.
One of the most notable commercial properties going under the hammer is Burton-on-Trent’s former magistrates’ court in Horninglow Street.
The magnificent Grade II listed building comprises more than 50 rooms including the main courtroom with its magistrate’s bench and glass dock leading down to the cellar. It is packed with original period architecture, including a landmark leaded dome.
Andrew said: “It’s not often you get the opportunity to purchase such a striking piece of a town’s history. Subject to planning permission, it would make a beautiful wedding venue, educational building or business headquarters.”
These are just a small selection of the 161 lots going under the hammer on Tuesday 30th June. You can see the full catalogue here, and register to bid remotely by proxy, by telephone and over the internet click here.