£1.61m new record price for highest selling lot set at Sheffield auction

13th September 2021

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A new record for the highest individual lot price of £1.61m was set at Mark Jenkinson and Son's latest online auction.

Malmo Food Innovation and Technology Park in Hull – comprising 10 units totalling 27,300 sq ft and a resource centre, all fully let – was listed at £1,500,000 but sold for the record-setting £1,610,000.

The freehold site of 1.69 acre was the top selling lot in the sixth online event of the year for the auctioneers – which saw 31 of 36 lots selling for a total of £5.8m.

Several other lots also sold well above their estimate, including an extended three-bedroom semi-detached house in need of general modernisation but with outstanding views in the sought-after part of Sheffield, Stannington, with a guide price of £250,000 sold for £317,000.

A stone-built three-bedroomed semi-detached cottage with vehicular access, car parking and two garages – also in need of general modernisation – in Bramley Rotherham, listed at £90,000-£100,000 and sold for £123,000.

And a single garage in the sought-after location of Nether Edge, Sheffield, which went under the hammer with a guide price of £5,000 sold for £23,500.

Meanwhile the former Firth Park Advice Centre in Sheffield – a substantial inner terrace with ground floor extension comprising office accommodation – with a guide price of £95,000 sold for £163,000.

Adrian Little, Head of the Auction Department at Mark Jenkinson and Son, said: “There is currently very high demand for residential modernisation opportunities – with lots selling well above guide price across South and East Yorkshire and Nottinghamshire, too.

“Equally, commercial property is performing strongly – as well as the record-setting industrial site in Hull, an inner terrace with accommodation including shop in Sheffield sold for £272,000 after being listed at £175,000.

“And a landmark Grade II listed building in Ecclesfield village with two retail units plus six flats/studios, sold for £395,000 – £20,000 more than its guide price.”

The next online auction will be held on Tuesday October 19th.

 

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