Network Auctions held their most recent sale at the Grosvenor House Hotel on London’s Park Lane on Wednesday 21st October and produced another superb result.
In total £6.4 million was raised from the 22 lots sold, a success rate of 76% and there were a number of major successes for their partner agents and their clients.
Partner agent Fairview International saw a property in Iver sell at £1.13 million, some £135,000 over the guide price.
Partner agent Charles Darrow saw a site of thirty two flats in Torquay sell at £1 million, over £100,000 over the guide price.
Partner agent Elliott Residential saw a development site in Watford achive an over guide price of £925,000.
Partner agent Richard Godsell saw a 19th century town house in Christchurch that requires considerable refurbishment works sell for £840,000.
Alongside the high value lots, a number of much smaller priced lots sold under Guy Charrison’s gavel including a number of ground rent investments in Birmingham for a client of partner agent Pennycuick Collins.
Stuart Tullah of Pennycuick Collins has now sold 32 out of 33 ground rent investments brought into Network Auctions over the last year.
November sees Network Auctions as finalists in the Negotiator Awards where they hope to repeat their success in the annual NAVA awards and be named as Auction House of the Year.
Toby Limbrick, Managing Director of Network Auctions said: “This was another excellent result for Network Auctions, our partner agents and their clients. The combination of local knowledge and national expertise combined with auctions in London and Birmingham is proving to be a huge success.
Our results in 2015 show that properties of all types and prices can be sold under the hammer and we welcome enquiries from forward looking agents who may wish to join our ranks or potential seller clients who may wish to include properties in our future auctions.”
Network Auctions next auction is a two day sale in December with London being held on the 10th and Birmingham, in conjunction with Pennycuick Collins, on the 16th. Lots are now being taken for inclusion.