A FORMER Wallasey Church was bought for £185,000 at an Eddisons property auction in Manchester.
The Grade II-listed St John’s Church and hall in Liscard Road occupies a 1.45 acre site and was offered on the instructions of the joint LPA receivers.
In total, 79 (87%) of the 91 lots which came under the hammer attracted buyers, generating proceeds of more than £5.3m.
Andrew Brown, of Eddisons, said: “This is a very strong performance and is well above the national average.
“Such was the unprecedented level of interest that we had customers queuing to get into the auction room and had to delay the start of the sale.
“Investors are clearly attracted to properties which have sensible reserve prices and offer good value for money.
“They want to see their hard-earned cash generate strong rental returns or deliver longer-term capital growth.”
Eddisons’ next auction is on May 10.
