SMITH AND SONS REVEAL DETAILS OF SUMMER PROPERTY AUCTION
Smith and Sons has revealed details of its summer property auction which includes 23 lots comprising refurbishment projects, residential investments and vacant houses.
As ever, the lower end of the market with properties in need of upgrade and modernisation are already proving popular, together with investment houses providing yields in excess of 10%.
Set to be held on 13thJuly, the largely Wirral based property auction will be open for online bidding from noon on 12thJuly.
Chris Johnson, Auctioneer at Smith and Sons commented: “This is brilliant auction for anyone looking to secure an investment or development opportunity. All of the lots are guided at realistic figures and offer huge scope to improve and add value.
“There are a number of properties that would make good family homes in popular locations and in particular, there is a four bedroomed house in West Kirby with a separate annexe suitable for a home office or for a dependant relative. Land and barns with outbuildings in Thornton le Moors are guided at £400,000 - £450,000 with planning for conversion.
There are two large properties in Birkenhead with planning to convert and upgrade to flats with vacant commercial premises also with development potential.
“High levels of interest for investment houses continues. The auction room often acts as a barometer for the wider industry and interest remains as intense as ever.”
For further details on all the lots in the sale please contact Smith and Sons on 0151 647 9272 or look on the website www.smithandsons.net