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110 sales by Christmas!
publication date: Dec 27, 2010
It’s Christmas time and the auctioneers are getting busy, David Sandeman’s auction listings on www.eiggroup.co.uk seem to get ever longer; there are 110 auctions to be held across the UK between 1st and 17th December. As they usually don’t take place on Saturdays or Sundays, that means an average of eight auctions every day.
Auction House have events in their salerooms in Leicestershire, Thames Valley, Surrey, Cumbria, Lancashire, Norfolk and South Suffolk, Sheffield and North East. London auctions include Savills (residential) and Allsop (commercial) on 9th December, Acuitus and Harman Healy on 10th December and Andrews & Robertson and Savills (commercial) on 13th December.
An interesting lot at the Acuitus sale is a prime retail investment on Ludgate Hill, in the City of London. The lot, just a few yards south of St Paul’s Cathedral, is let to Pret a Manger and William Hill, and is being sold on behalf of Royal London Asset Management Currently producing £202,500 £2,800,000, subject to contract, equating to a net initial yield of 6.83 per cent.
A nice slice of city real estate. 14th December is a busy day in London with auctions held by Sutton Kersh Binstock, Drivers & Norris, Allsop (residential), Barnett Ross and Countrywide all wielding the hammer. Then on 15th Barnard Marcus and King Sturge will be in action. 16th December is the last day of action with Allsop’s (residential) final event of the year.
Close to London, Network Auctions will once again be at Hatfield House, Romans will have a sale in Bracknell, Carter Jonas will be in action in Oxford while Thompson Wilson will be live in High Wycombe.
Moving east, Cheffins, Aldreds, Goldings, Swindells, William H Brown and Brown & Co all have sales, while in the south east there are even more; Clive Emson has three sales and Austin Gray, Fox & Sons, Lambert & Foster, Nesbits, Brock Taylor and Dedman Gray will all be in action.
In the south west there are 15 sales, including Stags, Clive Emson, Morgan Beddoe and Symonds and Sampson. There are ten sales in the Midlands, including Bigwood, Pennycuick Collins, Bagshaws and Edwards Moore.
Moving north, nine sales will be held, by auctioneers including Pugh & Company who have a 66 lot residential sale and a massive 96 lot commercial sale on the same day. Eddisons, Edward Mellor and Sutton Kersh also have December sales. In Scotland it’s a quieter picture with only Wilsons and Countrywide having events.