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12 Apr 2013

May Day Auction

Author: Simon Clayton

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Romans first auction of 2013 was a great success, with the total capital value of the lots sold reaching an impressive £3,589,500! Over 300 people attended the event, which was held at the Blue Mountain Conference Centre, and it is expected that the next auction, to be held on the 1st of May, will attract similar attention.

Bidders attending the May auction have the opportunity to bid on 19 unique properties across, Surrey, Hampshire, Berkshire and Oxfordshire, each with their own story to tell.

For bidders who are seeking a renovation project, there are a number of lots available including 169 Upper Hale Road, Farnham; a vacant detached bungalow requiring modernisation. Set on approximately 0.3 of an acre, this property is suitable for extension and enlargement, and comes with planning permission to replace the existing building with a four bedroom detached house.

Also available is a four bedroom house situated on a good size plot in a sought-after location close to the town centre on London Road, Wokingham. This property has great potential for improvement and extension subject to planning permission.
Some of the other stand-out lots going under the hammer include; 65-67 Peach Street, Wokingham, a former restaurant unit with two self-contained two bedroom flats above. In addition to the commercial potential of the downstairs unit, the new owner of this property will have the potential to earn an 11% yield when letting the flats above.

Another of the properties being sold at the auction is the beautifully presented four bedroom detached Pondover House, Lyne Road, Virginia Water. This property is situated on a large 4.25 acre plot, with secluded and landscaped gardens and a gated entrance. This property's desirable location and generous size means that the guide price of £850,000 is great value for either an owner occupier or an investor (who could receive £4,600 rent pcm).

The auction will take place at 1.30pm at Blue Mountain Golf and Conference Centre, Binfield. To find out more about these of any of the other lots on offer, download a catalogue or speak to a member of our auctions team on 0800 093 9994.

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