SUTTON KERSH is to offer 91 lots at its property auction in Liverpool tomorrow – Tuesday, April 3.The firm will be hoping to continue the momentum from its February event where there was standing room only and more than £4.3m was raised.Bidding starts at 12 noon in the Marriott Hotel in Liverpool city centre .Among the properties up for grabs is a four-storey Grade II-isted Georgian town house in Pilgrim Street in the city centre.The student accommodation is currently let by way of an assured shorthold tenancy at a rent of £31,500 per year.The property is situated on the junction of Pilgrim Street and Mount Street and will be offered as the final lot of the day with a guide price of £295,000.Sutton Kersh’s February auction was the best in Merseyside since September 2009.Recent statistics regarding the UK auction market published by Essential Information Group painted a positive picture for the national auction market with the overall sale rate of 72.7% up by 5% on February 2011, the total realised up by 12% to £400m.There were almost 4,000 lots offered – the largest February volumes since 2008.Cathy Holt, auction manager at Sutton Kersh, said: “We have seen strong improvements in both the supply and demand of auction property over the last six months.“This year in particular has started incredibly well. High levels of viewings converted into high levels of sales at our February auction.“Viewing figures have been high for our April auction and we are hoping for a similar outcome.”Read
