The auction, at the East Midlands Conference Centre on Thursday 15th May, is set to feature dozens of lots including residential property, commercial property, land and others from across Nottinghamshire and the rest of the UK.
Vejay Pal, senior valuer at Graham Penny Auctions Nottingham, commented: “This is the second time we are holding one of our auctions at the annual East Midlands Landlord and Letting Agent Expo. Last year we secured our biggest ever auction attendance and achieved a staggering 55 per cent above reserve average which gives us and our vendors huge confidence going into our next auction.”
The East Midlands Landlord & Letting Agent Expo is a free one day event set to be attended by over a thousand landlords, letting agents and property investors and featuring an extensive programme of seminars and speaker presentations alongside an exhibition of more than 70 companies from suppliers to professional advisors and local authorities.
Graham Penny Auctions Nottingham is currently inviting entries for the auction on Thursday 15th May at the East Midlands Conference Centre and already has several properties entered including:
• 34 Redland Grove in Carlton – a four double bedroomed semi-detached property with enclosed rear garden and out buildings and a guide price of £130,000+.
• 10 Bute Avenue in Lenton – a three bedroomed bay fronted mid-terraced property with good transport links to Nottingham city centre. The guide price is £95,000+.
• 24 Almond Walk in Gedling – a two/three bedroomed detached bungalow in need of cosmetic improvement with a guide price of £100,000+.
• 189 Derby Road in Long Eaton – a unique three bedroomed Victorian quarter-house with accommodation over three floors and a guide price of £45,000+.
• 116 Columbia Street in Huthwaite, Sutton in Ashfield – a three bedroomed semi-detached investment property currently let at £400pcm. The guide price is £60,000+.
Graham Penny Auctions acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial properties and others. In 2013 it secured more than £62.4m in sales for its customers and achieved an overall success rate of 84 per cent – 6.2 per cent above the national average.
Vejay added: “We understand that people don’t know as much about buying and selling at auction as they may about private treaty sales so we always offer transparent advice and free no obligation appraisals to our customers to ensure they’re happy with the sales process and the likely outcome.”
