WA Barnes’ is hosting the first of five collective sales of land and property this year at The Towers in Mansfield later this month.
Chartered auctioneer Tom Smith, of WA Barnes, says the catalogue embraces a good variety of ‘sensibly’ reserved lots that will appeal to the investor, speculator and those with a passion for ‘property with potential’.
He said: “Those who attended our December auction will have witnessed a packed sale room and yet another 100 per cent successful sale.
“Indeed, looking back over 2012, I am pleased to confirm that we did, in fact, sell all residential lots offered throughout the year. This is way ahead of the industry standard which, according to statistics issued by the Essential Information Group, is just 74 per cent and gives prospective vendors the confidence that our auctions offer them the highest chance of success in a market that remains difficult.”
Many properties WA Barnes sell are purchased by buy to let investors - and Mr Smith says the continued ‘drought’ of mortgage finance for many first-time buyers, as well as relatively high unemployment, means demand for rented accommodation will remain as high as ever.
And he says buyers are attracted to auctions hosted by WA Barnes because it has ‘absolutely no personal interest’ in any of the lots it sells.
“We are now accepting lots for our spring sale. If you are an executor, trustee, a public body acting in a fiduciary capacity or a private individual wishing to secure a definite sale within a defined timescale, we will be delighted to hear from you.”
The auction at The Towers, on Botany Avenue, is on 28th February at 3pm. Call 01623 554084.