Wed, 04 Jul 2012 | COMMERCIAL PROPERTY
Commercial property is still popular with buyers in the north of England as recent auctions have proven popular with buyers.
Reports from seller Eddisons revealed that 99 of its 135 lots on offer at a two-day auction in Leeds and Manchester sold. This represents 73 per cent of the lots on offer, suggesting that there is still a high level of interest.
Included in the sale were some more unusual properties, such as a fishing lake. However, some less unusual commercial property sites sold at bargain prices, with a site off Charles Street offered at guide price of just £10,000 after having previously been marketed for sale by private treaty at £35,000.
Tony Webber of Eddisons told the Huddersfield Daily Examiner: “This was an excellent performance with investors responding positively to the realistic guide prices and in many cases bidding on multiple lots.
“Buyers were out in force, which clearly demonstrated that property remains preferable to more traditional forms of investment.”
Some residential stock was also sold off at the auctions, however commercial property accounted for the majority of sales. In total, Eddisons took around £8 million from the sales at the two locations.
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
This well-established haulage company in West Yorkshire offers a strategic location with easy access to major motorway links and a strong, loyal client base developed over 20 years.
This is a rare opportunity to acquire this thriving motor vehicle repair, MOT, and service centre. This professionally run business currently provides the majority of its services to private customers with a small amount of commercial work, which pro...
|
04
|
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
|
03
|
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
|
03
|
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
|
12
|
|
Dec
|
Begbies Traynor acquires property auctioneers at 6.5x profits | BUSINESS SALE
Begbies Traynor has continued its acquisitive growth strateg...
|
28
|
|
Oct
|
Margate’s historic Royal School for Deaf Children on the market | COMMERCIAL PROPERTY
A Margate site that was formerly home to the oldest deaf sch...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.