SMITH AND SONS REVEAL DETAILS OF CHRISTMAS PROPERTY AUCTION
Smith and Sons has revealed details of its latest property auction, comprising 25 strong lots, many of which are investments producing a good income and yield.
The online auction is taking place on the 6th December and full listings are now available online at www.smithandsons.net.
There are several terraced properties throughout Wirral and Merseyside guided at low starting points which will undoubtedly be of interest for those looking to kick start or strengthen a buy to let portfolio.
A substantial detached period property in Birkenhead comprises a three bedroomed house with a separate and self-contained two bedroomed flat at lower ground level, guided at £230,000 - £250,000. A four bedroomed detached house on River Grove in New Ferry is an ideal refurbishment project offering potential to upgrade to a purchasers own requirements following which it will be ideal for owner occupation, onward sale or investment, guided at £135,000 - £145,000. A three-storey property in Claughton Village with planning for two houses comprises a convenience store producing £20,000 pa together with two vacant upper floors, each suitable for conversion to residential and guided at £170,000 - £190,000.
A commercial property on Breck Rd in Liverpool, let to Sayers the bakers, is guided at £90,000 - £100,00. On Liscard Road in Wallasey, a large corner property comprises a ground floor double fronted retail unit let at £6,600 pa with a self-contained four bedroomed maisonette above having its own access from Rivington Road and being offered with vacant possession, guided at £110,000 - £130-000.
Land at Parkgate, guided at £150,000 - £175,000, will appeal to the self-builder or developer, whilst a substantial vacant former bar and club in New Ferry, set in a quiet residential cul-de-sac, would be ideal for community and leisure use, children’s' nursery, medical purposes or beauty treatment business.
Chris Johnson, Auctioneer at Smith and Sons commented: “This is particularly strong auction that will appeal to investors, builders and developers. All of the lots offer considerable scope and potential and we expect to see high levels of interest across the board.
“Viewings are underway and anyone wishing to view should get in touch and we’ll be happy to help.”