The auction room this month saw significant activity from commercial bidders looking for investment opportunities says Savills

June 20, 2017

News release yesterday 19th June 2017 from Savills headlines ‘June sees jump in sales at Savills regional auction’.

A packed room and competitive pricing saw over £2.6 million raised at the latest Savills regional auction in Nottingham, which took place at the city’s racecourse on Thursday 8th June 2017.

Victor Ktori, head of office at Savills Nottingham, comments: “The auction room this month saw significant activity from commercial bidders looking for investment opportunities, with a particular focus on industrial property. Offering strong returns in comparison to other sectors, warehouse units with future asset management potential proved extremely popular on the day. Having been retained by Mansfield District Council to dispose of a number of buildings within its portfolio, there will be more chances to purchase similar lots as part of the next Savills regional auction in September.”

Bob Crocker, head of residential auctions at Savills Nottingham, adds: “This auction once again generated considerable enthusiasm from those in attendance, with a number of properties selling for well in excess of the guide price. We are continuing to see people from outside of the local area flock to regional auctions in order to take advantage of the massive reductions on residential property and the potential for strong investment returns on housing outside of the South East.”

Read the Savills news report 19th June 2017 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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