Penny Lane Hotel to be sold at virtual auction

Liverpool property firm Sutton Kersh is getting ready to live-stream its second online property auction after the first raised £7m and attracted a UK-wide audience. Tony McDonough reports

Penny Lane Hotel
The Penny Lane Hotel in Smithdown Place, Liverpool


Sutton Kersh is getting ready to host its second online Liverpool property auction after attracting a UK-wide audience for its first virtual event in May.

More than 300 bidders took part in the event, generating more than £7m in receipts as buyers from across the country looked to snap up property investments in Merseyside. Sutton Kersh described it as a “phenomenal success”.

Now the property firm will offer 129 lots at the next live-streamed auction on Thursday, July 16, including the Penny Lane Hotel. Most of the properties on offer are in Merseyside but there are also two sets of properties in Devon and Cornwall with a combined price tag of £750,000.

They comprise a set of three cottages in Cornwall, with a guide price of £450,000, and a freehold investment opportunity in Devon, on the market for the first time in 47 years with a guide price of £300,000.

Katie Donohue senior valuer at Sutton Kersh, said: “March was a worrying time for us as we didn’t want to have to cancel our April auction and let down all of the vendors, so we worked around the clock to make it a success, holding Liverpool’s first online property auction.

“This momentum carried on and we were able to hold a very exciting live streamed auction in May which attracted hundreds of viewers nationwide and saw us sell more than £7m of property.”

Sutton Kersh recently sold the Penny Lane Wine Bar through auction and now in this one, they have the Penny Lane Hotel on Smithdown Place available with a guide price of £750,000.

There is also a what the firm describes as a “developer’s dream” – a piece of cleared land off Kremlin Drive in Tuebrook, where planning permission was granted for a four- bedroom detached property to be built. The firm says it looks likely to sell quickly due to the amount of queries so far.

Click here to register online for the auction.

You might also like More from author

Leave A Reply

Your email address will not be published.

Username field is empty.