Wed, 06 Mar 2013 | COMMERCIAL PROPERTY
Winterhill Largo, the Manchester-based asset recovery and insolvency support company, has organised an auction to sell off £15 million of distressed commercial and residential properties.
The auction, for 33 individual lots of property, will be run at the Reebok Stadium in Bolton on 22 March. The lots include offices on Allerton Road in Liverpool, the 62,000 sq. ft. former Phoenix Chemicals site in Bromborough, Plas Brereton, a manor house with private dock, and 11 acres of gardens overlooking the Menai Straits in Gwynedd.
David Currie, director at Winterhill Largo commented, “This is the first auction that Winterhill Largo has organised and it is attracting a great deal of interest from potential buyers. Among the properties for sale are many that are completely new to the market, as well as some that have had a purchase fall through on them, providing a second chance to buy.
"There will be a lot on offer and the range of properties is enormous, from city centre offices tenanted by Lloyds Bank in Liverpool and Sheffield; to manufacturing sites in the North West and North East; to a Lake District holiday cottage.”
Winterhill Largo operates from six offices in the UK after a series of synergistic business purchases including debt recovery company Largo in 2010.
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