Wed, 17 Apr 2013 | COMMERCIAL PROPERTY
A property auction in Huddersfield has received a 100 per cent success rate in terms of sales.
Held by Walker Singleton Chartered Surveyors, the auction included a mixture of commercial property, land, residential housing and farm buildings. Everything was sold following a period of competitive bidding.
Collectively the ten lots raised £1.84 million. But the star item on the list was deemed to be the Grade II listed building, Fixby House at Spinneyfield Fixby, which sold for £265,000.
Steve Molloy, partner with Walker Singleton, told the Huddersfield Daily Examiner: "We also had 80 parties view a one-bedroom dilapidated cottage at Newsome prior to sale which achieved £36,000. It just shows that there are a large number of investors sitting on cash awaiting the right opportunities."
The sale comes as a report from Investment Property Databank Ltd (IPD) found that UK commercial real estate values fell for the 17th straight month. A decline in retail property led the drop. The average value of stores, warehouses and offices dropped by 0.2 per cent between February and March the report stated.
Phil Tily, managing director with IPD, told Bloomberg: "We are still seeing subdued returns adversely affected by negative capital movements outside of London.
"Though the UK economy has managed to avoid a triple-dip recession, it is nevertheless going to be a long road to recovery for the commercial property sector."
The company is a specialist provider of lifting and safety equipment for hire and sale. The company also offers onsite LOLER equipment inspections, repair, and maintenance services for customers’ own lifting equipment and benefits from an 80t capacit...
Seeking parties interested in the business and assets of a company that provides tailored engineering and electronic technology solutions, by designing and manufacturing products utilised for offshore energy purposes and Marine Aquaculture.
Presently seeking parties interested in the business and assets of a Company specialising in the stockholding and distribution of niche steel products.
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.