PROPERTY auctioneers at Eddisons are looking to build on the success of their 2009 auctions as they prepare for the first sale of the new year.
The agency, which has offices in Huddersfield, generated total proceeds of £50m from 14 auctions in Leeds and Manchester.
Tony Webber, of Eddisons, said: ‘2009 was a good year and there are now clear signs of a recovery in the property investment market.
‘Although there was increased demand across all sectors, we noted particular interest in tenanted or vacant residential property, ground rents, small plots of land, tenanted retail and properties in need of renovation.
‘With interest rates remaining low, giving paltry returns on traditional investments, I anticipate investors will once again turn to sensibly priced property as their investment vehicle of choice.”
The first auction catalogue of 2010 contains 140 lots, including receiverships, development land, tenanted residential properties along with various lots offered at declared nil reserves..
The two-day sale starts tomorrow at The Fairways Lodge and Leisure Club, Prestwich, Manchester; and on Thursday at Leeds United Football Club, Elland Road, Leeds.
