AUCTIONnews
JULY SALE Network Auctions in London
Network Auctions will hold its next auction at their national auction room at Glaziers Hall
overlooking the River Thames in Central London on 4th July at 1pm. The July auction follows a highly
successful May sale when 80 per cent of lots were sold and just under £5 million was raised. That auction featured two lots that sold in excess of £1 million each, demonstrating that auctions are not merely the domain of lower priced property.
July’s auction has an interesting selection of lots from across England and Wales ranging geographically from Devon to Lancashire and with guide prices from just £6,000. Seller clients include lenders in possession, local authorities, executors, private sellers and asset managers. Toby Limbrick, Director at Network Auctions said, “The July catalogue has some interesting lots including many with excellent redevelopment and investment potential.
“Auctions are, of course, a superb way of selling a wide variety of property as the transaction is secured as soon as the auctioneer’s gavel falls. Once again Network Auctions’ partnership with agents across the country is enabling us to provide clients with an alternative route to selling property of all types and across all price ranges. “The combination of local knowledge and expertise and national exposure is proving to be
RESULTS Success continues for the GNPA
The recent Great North Property Auction (GNPA) at the Ramside Hall Hotel in Co Durham was a successful night with 60 out of 68 lots sold; an 88 per cent success rate equating to almost £3,500,000 in capital value and bringing the GNPA to an average 2012 success rate of 87 per cent. Powered by iam-sold and
working in association with over 75 high street branches, the GNPA claims to now be the largest auction network across the North-East region. The
58 JULY 2012 PROPERTYdrum
auction sports a variety of properties to attract and satisfy a diverse range and of buyers and all the properties are also available for sale online 24 hours a day, seven days a week leading up to the auction date. Director of the GNPA, Jamie
Cooke, added, “We are very pleased with the outcome of the auction event and offer an unrivalled network of agents which provides a fantastic platform for any vendor looking to sell their property in
a secure process.” George Robinson, Principle
of Robinsons Estate Agents, said that, “Our clients have really benefited from our
fantastic auction service and we look forward to the next auction event and our continued success with the GNPA.”
HOLY GAVELS
Auction House pray for hot July
Auction House, the national group of property auctioneers is set for an exceptionally hot month in July with no less than 15 auctions across the country and a variety of interesting properties including three with religious connections.
Kicking off on 3rd July, the Blundells auction in Sheffield includes an unseasonally named, but extremely cute home for sale. Christmas Cottage would be an ideal gift for someone who likes decorating and has £60,000+ to spare.
Meanwhile on 12th July the North Lincolnshire Auction House has a former Methodist chapel and schoolroom in Scunthorpe which someone, somewhere, will be praying to win at a guide of just £40,000. Finally, Auction House South
There’s lots on offer from Devon to Lancashire!
a winning formula and we expect another successful sale.” Network Auctions make good use of social media in marketing and have their own Facebook pages. The auction on 4th July will once again have a live Twitter feed showing the results as they happen. Network Auctions can be followed on Twitter at @ NetworkAuctions.
The auction can also be
followed live online at www.
networkauctions.co.uk and the catalogue is also available for download from the website. Guy Charrison, auctioneer for Network Auctions and Chairman of the National Association of Valuers & Auctioneers added, “The number of residential property lots now being offered by auction continues to rise and is proof that auctions provide an ideal way of disposing of a wide variety of property, particularly in situations where transparency and speed of sale are important.”
East Wales is offering The Friars in Christchurch, Gwent, a Grade 2 listed house built in the 1600s and guided at £200- 250,000. A selection that certainly
shows the versatility of the auction room!
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