AUCTIONEER Eddisons has reported record proceeds from its latest North West sale.
The company says it generated £6.7m from the Manchester sale as 83 of 107 lots were sold.
Among the successful lots was a fully tenanted freehold retail property in Lime Street, Liverpool.
The building, which generates an annual income of £20,000, sold for £180,000 – a return of over 11%.
Andrew Brown, of Eddisons, said: “In terms of total proceeds, this is the best sale we have ever held in the North West.
“The sale room was packed to the rafters with around 400 people. We had people queuing out of the door, I have never seen anything quite like it.
“Buyers are generally looking for rental returns of around the 10% mark.”
