18 October 2021
Not only was the room back to full capacity but bidding was also frantic for a number of lots with some record prices achieved, only seen in more buoyant pre-pandemic markets with the sale raising an impressive £5,150,000.
Among the properties sold were a number of telecommunications towers, strategic land and commercial properties offered on behalf of Nottingham City Council which alone raised £1,870,000 towards the total sales of the day as part of a wider transformation programme to balance its books. Of these the most valuable fetched £222,500, well above the guide price of £135,000 set before the bidding began. One of the most popular Council lots was a 3.76 acre parcel of land adjacent to Clifton flyover in Nottingham which sold for £94,000. Another last minute entry from the Council was 60 Sneinton Hollows Guided at £125k to £150k which sold after a round of frantic bidding for £211,000.
Records were broken with the sale of a two bedroom apartment on the sixth floor of the Victoria Shopping Centre, with only 45 years remaining on the lease which sold in competitive bidding for £127,000 off a Guide Price of £45,000.
Properties from across the UK were sold in the 44 Lot Catalogue on behalf of LPA Receivers, Local Authorities and Private Individuals which proved to be a great success. Entries are now being taken for our next sale on 9th December to be held at Nottingham Racecourse.