Wed, 17 Apr 2013 | COMMERCIAL PROPERTY
A property auction in Huddersfield has received a 100 per cent success rate in terms of sales.
Held by Walker Singleton Chartered Surveyors, the auction included a mixture of commercial property, land, residential housing and farm buildings. Everything was sold following a period of competitive bidding.
Collectively the ten lots raised £1.84 million. But the star item on the list was deemed to be the Grade II listed building, Fixby House at Spinneyfield Fixby, which sold for £265,000.
Steve Molloy, partner with Walker Singleton, told the Huddersfield Daily Examiner: "We also had 80 parties view a one-bedroom dilapidated cottage at Newsome prior to sale which achieved £36,000. It just shows that there are a large number of investors sitting on cash awaiting the right opportunities."
The sale comes as a report from Investment Property Databank Ltd (IPD) found that UK commercial real estate values fell for the 17th straight month. A decline in retail property led the drop. The average value of stores, warehouses and offices dropped by 0.2 per cent between February and March the report stated.
Phil Tily, managing director with IPD, told Bloomberg: "We are still seeing subdued returns adversely affected by negative capital movements outside of London.
"Though the UK economy has managed to avoid a triple-dip recession, it is nevertheless going to be a long road to recovery for the commercial property sector."
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
17
|
Mar
|
The Book People assets to be sold at auction | BUSINESS NEWS
The remaining assets of independent book retailer The Book P...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.