COMMERCIAL property firm Eddisons has kicked off 2010 in fine style – with its first property auction of the year realising more than £5.5m.
The two-day sale in Leeds and Manchester saw 75% of 104 of the 138 lots sold in what the agency called “a very encouraging performance.”
Tony Webber, of Eddisons, said: ‘This was a very encouraging performance for our first auction of the year.
‘There was an appetite for lots in all sectors, although demand for those at the cheaper end where external funding may not be required remained high.
“Sensibly priced tenanted residential properties proved particularly popular with investors who continue to favour these as their investment vehicle of choice.”
Among the highlights was the former Pudsey Grangefield Comprehensive School building which sold for £481,000.
The Grade II listed building which extends to about 34,585 sq ft on a site of about 2.17 acres, had been offered on the instructions of Leeds City Council at a guide price of £350,000 plus.
Other notable lots included development land in the Rothwell area of Leeds, with outline planning permission for four mews style properties, which was also sold on behalf of Leeds City Council for £139,000 off a guide price of £125,000 plus.
And the former Eggborough water treatment works at Hensall, Goole, offered at a guide price of £50,000 plus, was sold for £90,000.