4th November 2021
SDL Property Auctions achieves outstanding results for commercial properties
In another successful month of sales for SDL Property Auctions, it is the commercial property market which has seen some of the most impressive results.
Throughout the month, SDL Property Auctions has held daily Timed Auctions on its website as well as three live-streamed Auction Events from its head office studio, raising more than £24.9 million for sellers of all types of properties across the whole of the UK.
October culminated in the ever-popular National Property Auction which saw SDL Property Auctions hold the country’s biggest live-streamed auction for the third month in a row, with a catalogue of 228 residential and commercial properties.
Among them were several lots being sold on behalf of Derbyshire County Council, the first of which was Wye Cottage in Rowsley, which got the National Property Auction off to a resounding start when it sold for £360,000 from a *guide price of £130,000+. Just three miles from Derbyshire’s Chatsworth estate and featuring a Grade II listed cottage, stone barn and outbuildings, there is potential for conversion into a large dwelling or holiday let, subject to planning permission.
Another of the council’s unused assets which caused excitement when it went under the hammer was the former Church Gresley Infants and Nursery School, which had a guide price of £295,000+. Informal planning advice from the local authority supports the creation of around nine dwellings on the 0.48-acre site. There was keen bidding for the property and it sold for £500,000.
In Belper, Derbyshire County Council was selling a former care home, Ada Belfield House in Field Lane. Within walking distance of the town centre and railway station, the site has planning permission for demolition of the care home and the development of up to seven houses. There was keen interest in the lot and it sold for £735,000 from a guide price of £425,000.
Managing director and auctioneer Andrew Parker said: “This is a fabulous opportunity to build new homes in an ever-popular part of Derbyshire. The sale has come about as a result of the care home relocating to a brand new building which also houses the town’s new library – and we were pleased to have handled the sale of the old library building exactly a year ago, too.”
Further north, 33-35 Charles Street in Glossop was another Derbyshire County Council lot comprising a pair of terraced properties which have been knocked into one to use as council offices. The property, within walking distance of the town centre, provides the potential to be converted back into residential use, either as one large house or two separate properties.
The Derbyshire County Council lots were just a handful of the many commercial properties around the UK sold by SDL Property Auctions during October.
In the Knight Frank Auction hosted by SDL Property Auctions, a mixed-use property in Greater London drew a great deal of attention from bidders. A mid-terraced building comprising a ground-floor retail unit with accommodation above, 154 Central Road in Worcester Park sold for £744,000 from a guide price of £320,000+.
Meanwhile, in the Scottish Highlands, a tenanted kilt shop was sold in the dedicated live-streamed commercial property auction hosted by SDL Property Auctions for leading Scottish chartered surveyors Shepherd. 43 Church Street in Inverness is part of a three-storey Grade B listed building and the ground-floor retail area and basement currently generate an annual income of £25,000 per year. It sold for £220,000 from a guide price of £210,000+.
SDL Property Auctions also holds Timed Auctions on its website every day of the year, featuring residential and commercial properties all over the country.
Among the October lots was a distinctive building with a tower in the Lancashire town of Carnforth. Currently producing a gross annual rental income of £21,600, 41, 43 and 45 New Street and 1 John Street house five commercial units including a gym and photography studios. It was offered for sale in a Timed Auction in partnership with Fisher Wrathall/Northwood with a guide price of £220,000+ and, after attracting 16 bids, sold for £235,000.
Andrew added: “We are delighted to have achieved such incredible results for so many of our sellers this month. We are expecting the commercial property market to remain busy for many months to come as businesses continue to adapt to the pandemic – downsizing or upsizing as the need arises – and we are pleased to be able to help so many sellers realise their commercial property assets.”
To find out more about selling a property by auction, or partnering with SDL Property Auctions, please visit www.sdlauctions.co.uk or call the friendly team on 0800 304 7879.