Press Room

‘‘Property firm hits £8m from auction’’

Liverpool Echo March 2007

LIVERPOOL-based property agent Sutton Kersh achieved a 90% sold figure after raising more than £8.3m in receipts from on of its biggest auctions.

Following a bumper year in 2006, with sales totalling in excess of £37m, the Cotton Street-based auction house also held what is believed to be the longest city auction on record.


Director James Kersh said: "Auctioneer Andrew Binstock spent five and a half hours without a break."

Held at the Marriott Hotel, the auction saw some fierce bidding, particularly on commercial lots around £100,000.

The north end of Liverpool showed the most gains among properties at this level of guide price with ground floor retail premises in Townsend Lane, Anfield rising by 40% in value in reaching its selling price.

Kersh said: "There's a raft of commercial properties within pockets of inner city Liverpool with single figure postcodes that are now consistently out-performing residential in terms of gains and values. This is a good sign for the local economy."

A four-storey office building in one of the north west's growing business hot spots is up for sale with a price tag of more than £750,000.

Brightside Building is on hte Knowsley industrial estate. Property consultancy Knight Frank says that with a guide price of £765,000 the recently refurbished building, on Bradman Road, is ideal for investors or owner-occupiers.

The 0.49-acre site comprises of a four-storey office building with the benefit of plentiful on-site car parking.