Auction house Sutton Kersh live-streamed the Liverpool event which saw 300 bidders register and was watched by hundreds of people across the country. Tony McDonough reports
More than £7m in sales was generated at Sutton Kersh’s first-ever online Liverpool property auction.
Sutton Kersh live-streamed the event which saw 300 bidders register and was watched by hundreds of people across the country. More than £2m in properties was sold prior to the auction with a further £5m sold on the day.
The firm said 75% of properties listed were sold and by the time the auctioneer was up to Lot 5, and had already generated more £1m. The auction was hosted by Sutton Kersh regular Andrew Binstock.
Lot 1 was the well known Princes Building in Dale Street, Liverpool city centre. It has been refurbished to provide 35 residential apartments, ground floor retail units and basement accommodation.
Prior to this, the building was used by musicians, such as The Zutons, for rehearsals. It sold for £916,000, which was £166,000 above the guide price. Sutton Kersh auctions director, Cathy Holt, said: “Myself and the team are delighted with the success of our first live streamed auction, given the unprecedented times we have recently been facing.
“We are all still working remotely and it just shows the strength and expertise within our team. So far this year we have sold a total of 207 properties, with a sales value of £19.6m, and we aren’t even half way through the year, yet.”
Other highlights from the auction include three properties located on Gentwood Road in L36, which all sold for at least £20,000 over their guide price. Also noted was that properties outside Merseyside proved popular, such as Lot 4, Hollins Road in Oldham, which sold for £33,000 above the guide price.
Sutton Kersh will be holding its next auction on July 16 and is currently taking instructions for this.