LIVERPOOL-BASED Venmore will hold its next property auction in the city next week, with 56 lots going under the hammer.
The firm, which has been confirmed as headline sponsor at this year’s Merseyside Landlord Expo, in September, will hold its event at the Hilton Hotel on Wednesday, July 20.
Venmore says there has been a “high level” of interest in the properties prior to the auction.
They are spread across Merseyside from Wallasey in Wirral, to Newton-Le-Willows and St Helens.
Nick Ball, head of auctions at Venmore, said: “This month’s auction really does have a great variety of opportunities to suit everyone’s budget. On one end of the scale, Lot 46 is a perfect example of an ideal investment property with a low capital outlay but good return.
“The ground floor studio apartment, in the L6 area of Liverpool, has the rental potential to earn £4,500 per annum, with a dedicated parking space and communal gardens, all for the guide price of £19,000.
“At the other end, Lot 20, in St Helens, is a development site with the planning permission for 13 detached and semi-detached properties.
“Although the guide price is starting at £270,000, the estimated gross development is valued at £2m and clearly a fantastic project for the experienced developer who is looking for a new venture in an excellent area.
“There has been a growing number of affordable properties in the last few auctions, but they are clearly proving popular, as our team is still inundated with enquiries.”
