Smith and Sons Property Auction 17th September... Wirral property auctioneers, Smith and Sons, have announced details of their Autumn catalogue with 27 lots available, many considered ‘of exceptional value’. To be held on the 17 September at 2.00pm at the Village Hotel in Bromborough, the sale offers a wide variety of residential refurbishment and investment opportunities, vacant offices and workshops and residential development land. Two substantial houses in Oxton offer huge potential to upgrade either for owner occupation or onward sale. The Bidston Road property, at a guide of £240-260,000, is already attracting strong interest with a possibility to refurbish of three apartments. A six bedroom house on Glenmore Road boasts a wealth of features with extensive accommodation and presents a rare opportunity to upgrade a house to a purchaser’s own requirements in an extremely popular and established residential area of the Wirral. Residential building land in Chester, Birkenhead and Wallasey, all with planning permission for residential development, offer a developer the opportunity to build either for onward sale or investment or a combination of the two. There are a number of smaller properties requiring refurbishment and ideal for first time buyers with DIY skills or a seasoned investor. All have potential for good rental yields and are offered at realistic guide prices. A regulated residential investment at Eastham Rake has been heavily discounted from its vacant possession value and brings in a good rental return with future capital growth. Three refurbished flats in Woodchurch Lane, two of which are currently let will produce a yield of over 18% and a substantial property in Norman Street, Birkenhead already has two refurbished flats with planning permission to create two further units. Offices in Bedford Road are suitable either for subdivision either retaining its commercial use or for two flats. Further information regardimg Smith and Sons can be found at smithandsons.net
Posted on: Fri, 12 Sep 2014 11:50:10 +0000
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