‘‘Auction success’’
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 Your Move May 2006
Estate agents Sutton Kersh recently held their first auction since the record-breaking feats of auctioneer Andrew Binstock, who had a 90% success rate in February.
One firm favourite at this auction was a single storey unit currently trading as a caf£ for a term of 5 years at a rent of £2,600 per annum. Situated in Bootle, L20, on the junction of Harris Drive and Hawthorn Road in a parade of similar units, the guide of £25,000 rose to a final selling price of £41,000.
Director James Kersh said: "With lots sold reaching 70% and income realisation exceeding £4m, we're very pleased with the result. And despite Gordon Brown's u-turn on SIPPs, excluding residential property, you can still use one to invest in commercial property. I believe this is one factor driving bidding at the moment."
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