Property Types for Auction Sale
There are many different types of property that sell well at Auction, and if you have one that falls into any of these categories you should consider the Auction route.
PROPERTIES FOR IMPROVEMENT
Properties in need of updating make ideal Auction Lots. They are in great demand from refurbishment specialists and private buyers, keen to undertake a project for their own occupation or for resale. They also appeal to buy-to-let investors who carry out the improvements then retain the properties as part of a property portfolio.
Residential houses and flats with tenants in residence sell well at Auction. If the best buyer for your property is another landlord, and it usually will be, auction is the right route. We would encourage investers and landlords to bid competitively, you won’t need to serve notice on your tenants, and rental income continues to be received right up to legal completion.
Houses in multiple occupation and blocks of flats are regularly sold at auction as investments. Here it is the rent level that determines the sale price, just as much as the building itself. Sellers will benefit from the high marketing profile and competitive bidding arena offered by Town and Country Property Auctions, plus the certainty of a sale when the hammer comes down.
Derelict or disused farm buildings, empty commercial premises, buildings with potential for conversion or change of use can all sell well at Auction. In some locations a change to residential use can significantly add to the value of a property, in other situations there may be space for additional dwellings or to substantially enlarge the property. Auction is regularly chosen as the effective channel for such disposals.
There is no better way of ensuring that a seller achieves the best price for a building plot or parcel of development land than to offer it for sale by Auction. Builders will be able to consult with architects and planners in readiness to bid up to their maximum in the Auction room. The trade is often surprised by the high prices achieved for land sales in the Auction room, which is great news for the sellers.
MIXED USE PROPERTIES
Properties that have twin uses or a variety of potential future uses are ideal for sale by Auction. Retail shops with accommodation above appeal to investors as well as owner-occupiers. Further conversion work can often be undertaken and the property tailored to suit the purchaser’s special requirements.
Retail shops, offices, industrial units, garage blocks and parking areas. An ever increasing number of commercial investments are being sold by Town & Country Property Auctions. It doesn’t matter whether they are vacant or tenanted, with lease renewal soon needed or with a long way to run. We have a large number of investor clients who will consider all types of commercial investment.
There are always some rare entries, sought after property and prime locations that need to be sold in a competitive bidding environment. Unexpectedly high prices have regularly been achieved by this route, resulting in an outcome that cannot be challenged by any unsuccessful bidder.
AMENITY LAND AND OTHER PROPERTY
We have sold paddocks, meadows, fields, moorings, city amenity land and also other unusual land parcels. If its property or land that is surplus to requirements, the likelihood is that we could find a buyer at Auction. If it has a value, and is worth marketing, it is worth considering selling by Auction.