|
Results for 26 January 2010
BUSY BIDDING IN NEW YEAR SALE
Mark Jenkinson and Son's January sale as we officially emerged from recession saw almost
all lots offered sold in the room on the day writes auctioneer partner Paul Hough.
In those remembered days of the property boom Mark Jenkinson and Son was recognised as
one of the most successful auction practices in the country as indeed it is today. Most
very successful property auction houses are based in London. The Estates Gazette produced
results this month showing that mark Jenkinson and Son was now 14^th most successful firm
in the country in terms of residential sales by auction. This from results recorded in
recession – struck 2009!
A very few years ago when times were good and sales were strong, the firm would average
around 90% sales success on each sale day. The January sale results indicate a success
rate of 87% of the lots offered. In some cases regular buyers are now seeing new faces
bidding against them as people compete for lots in the knowledge that property
investments have traditionally proved worthwhile in the longer term.
Auction co-ordinator partner Adrian Little had produced a catalogue of thirty two lots,
three of which were sold prior and another withdrawn.
Properties were located around the region, from Oughtibridge to Worksop, Barnsley,
Rotherham and Hope Valley. The majority were however in Sheffield.
The early lots were mainly in the Sheffield area, and comprised small terrace houses in
need of modernisation. Brisk bidding ensured all were sold. The first seventeen lots all
exceeded reserves.
The Whitehouse Surgery, Prince of Wales Road, Sheffield had been an NHS medical centre
for many years. Offering some 200 square metres of accommodation the building was sold
for an anticipated £126,000.
A site on Stanley Street, Sheffield, located off Wicker and currently containing a
builders yard and offices was sold for £175,000.
A double fronted cottage at Stoney Middleton, Hope Valley also achieved the anticipated
figure of £85,000.
One interesting lot, the last of the afternoon, was a completed development of five
apartments in Unstone, Dronfield. Sold on behalf of mortgagees in possession, the lot was
eventually sold for £282,000.
For full details of the sale, together with a calendar of the nine planned sales for 2010
please go to www.markjenkinson.co.uk where information
about other sales and also the various professional services on offer by the firm can be
found.
The next sale planned for the new year will be held at the Platinum Suite at Sheffield
United's Bramall Lane ground on March 9^th . The deadline for entering lots is February
29^th and over 30 lots are confirmed in the catalogue.
The 20^th April sale is also building, this having a 12^th March deadline.
Sale by public auction is an exciting and successful method which for the right property
should always be the first choice. In the case of the owners of twenty seven properties
offered in the January catalogue the sellers now have contracts signed and deposits paid,
with a binding completion date. This provides certainty of sale, with no late haggling
and no backing out without serious expensive legal consequences. Similarly the buyers
know just what they have bought and exactly when they can take possession, all without
fear of gazumping.
Mark Jenkinson and Son is the most experienced firm of property auctioneers in the
region, with an enviable reputation and a massive knowledge of the local and regional
market gained over a very many years.
Call Adrian Little at Mark Jenkinson and Son if you wish to learn more about the disposal
opportunities available, particularly 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"
 
|
