Movehut have launched an exciting new feature on our website which allows you to search for properties to buy at auction across the UK. So if you have a location in mind for your next investment opportunity at Auction, Movehut can help. You can also search by the date of upcoming auctions to find suitable properties.
The first auction that Movehut will be advertising is on 11 December 2012, by the renowned Strettons. The auction will be conducted at The Grand Connaught Rooms, in Kingsway, London at 11am and has 91 vibrant lots on offer. This is a mixed auction with both commercial and residential properties and guide prices start from a bargain £5,000 and guided up to £650,000.
The Lots advertised at this auction are located throughout the south mainly, in Essex, London, Middlesex and Surrey, but there are also some lots further north in Warwickshire and Yorkshire.
There are a variety of excellent commercial properties on offer, including lot 21 which is an industrial warehouse in Dagenham, Essex. The detached 10,908 sq. ft. building consists of two floors and is advertised as vacant. The guide price for this lot is £350,000 plus.
Alternatively you may be looking to buy a food establishment and lot 32A could be ideal for you. This takeaway restaurant in Coventry, Warwickshire is advertised at a guide price of £72,500. This lot also comes with two rooms located above the takeaway. The building currently has a tenant on a three year lease until February 2015 with an income of £440 per calendar month in rent.
Finally an investment opportunity that may appeal to buyers is lot 34 which is a shop located in Croydon, Surrey. This is occupied by a Tenant regarded as a substantial covenant, which is let to the tenant until 2027. William Hill rent the commercial property in Croydon for £8,500 per annum – the lease can also has a five year rent review clause. The shop also comes with a self-contained maisonette located above. The guide price for this retail unit is £115,000 plus.
If you are interested in any of the above properties or any of the other lots available it is advisable to check for updates prior to the sale!
Good luck with your bidding.
