Budget Blues? Not at Foreman King Network Auctions’ March sale!
The budget may have been a disappointment for many but across London from Westminster, the Foreman King Network Auctions auction saw the biggest attendance ever at the Grosvenor House Hotel, a record number of legal packs downloaded and a healthy volume of serious bids being made. A total of 26 lots sold producing income of over £9.6m, a sales success rate of 80%. Star results included:
Walton on Thames: A freehold investment comprising a block of apartments sold for £2,600,000
Aylesbury: Two adjoining lots with a combined guide price of £760,000 sold for £870,000.
Swansea: A derelict cottage with a guide price of £7500 sold for £41000 with bids by phone, internet, proxy and in the room. The successful bidder and immediate under
bidder were both from London and the excellent price obtained was as a direct result of our national marketing. Local interest was exhausted when the bidding reached
Ealing: A ground floor leasehold apartment with a share of freehold sold for £448,000, some £53,000 above the guide price.
Other lots sold included lifetime tenancy investments, ground rents, commercial and residential property. Philip Norgan of Foreman King Network Auctions said: “This sale showed that the market remains strong for sensibly guided property and that private buyers and investors are willing to commit and buy. Our local presence combined with our auctions in London and Birmingham is producing excellent results and this sale saw lots from over twenty different counties attracting great interest.”
The next Foreman King Network Auctions auction is in Birmingham on 10th May and in London on 3rd May.
Please contact Philip or Abbi at Foreman King Network Auctions on 01753 643222 or by email at [email protected]