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Results for 13 October 2009
*OCTOBER SALE TOPS £3M*
Mark Jenkinson and Son's October sale was an outstanding success writes auctioneer
partner Paul Hough.
Sheffield United's Platinum Suite was packed, and heavy bidding ensured that most lots
achieved figures well above reserve to the delight of the many private and corporate
clients. Auction co-ordinator partner Adrian Little had prepared a catalogue of thirty
two lots of residential and commercial vacant and tenanted properties, one of which was
withdrawn prior.
There were a number of small vacant terrace houses in Sheffield, Pontefract and
Rotherham. All were in need of refurbishment and all were sold, with prices around
£55,000 to £65000. Terraced and semi detached houses with long term regulated tenants
were also on offer and sold between £50,000 and £77,000.
Bids which reminded everyone of the sales of a few years ago saw a development
opportunity property at Worksop Road, Aston, Sheffield sell for an unpredicted £327,000
and the Apperknowle Primary School, with planning consent for refurbishment and
development of a single plot to the rear, offered on behalf of Derbyshire County Council,
achieve a mighty £464,000.
Kier Asset Partnership Services Limited on behalf of Sheffield City Council had
instructed the firm to sell The Old School House, Totley Hall Lane, Sheffield. This grade
2 listed building offered a rare opportunity to acquire a property with great restoration
potential and was quickly bid to £210,000.
Peak district properties tend to be attractive to buyers from both sides of the Pennines,
and Rose Cottage, Castleton demonstrated this. A very old detached one bedroom cottage,
thought to be one of the oldest in the village was on offer and sold for a most
satisfactory £158,000.
Freehold ground rents / rent charges are frequently offered at Mark Jenkinson and Son's
sales. These were secured on properties in Sheffield and Bakewell and achieved £29,000
or approaching 21 years purchase.
Of the thirty - one lots offered, just five remained unsold at the end of the day, and
some of those may well be contracted to new owners by the time this is read.
The next Mark Jenkinson and Son sale will be held on November 10th. Adrian Little has
prepared a catalogue of twenty – six lots and as ever the sale will be held at
Sheffield United's Platinum Suite. Details are now available at www.markjenkinson.co.uk
or from the office.
The last sale of 2009 will be held on December 8th. A good number of lots have already
been confirmed. The deadline date for entries is 30th October and advice as to the
suitability of individual properties for this exciting and successful method of sale is
available from Adrian, or Mark Renshaw.
A full calendar of dates for 2010 has been arranged to enable clients to plan disposals
at times convenient to them. Mark Jenkinson and Son has for many years been the major
local property auctioneers, with vast knowledge of the regional market and of those
properties for which auction should always be considered as the first choice. Please
contact Adrian or Mark for full information if your interest is in "property with
potential"
The next
sale will be held at the Crucible Theatre on: 21/09/2010.
Catalogues are available either by personal call, or by annual subscription
at nominal cost.
Contact
Adrian Little at Mark Jenkinson and son without delay if you
want to know more about this exciting form of selling, which is
of course ideally suited to "property with potential"
 
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