Potential for redevelopment at Eddisons auction
Over 140 lots will be auctioned at the Eddisons final property auction of the year in Leeds, Manchester and London.
The Leeds sale at Elland Road on December 5 includes a vacant former textile mill in Halifax. Martin’s Mill on Pellon Lane has planning consent for 56 residential units and has a guide price of £200,000. It had previously been offered on the open market at £500,000.
Meanwhile, a substantial part-let detached house arranged as 12 self contained flats in the Holbeck area of Leeds, producing annual income of approximately £30,000, is guided at £180,000 to £200,000.
Residential development land with outline planning for five houses on Whitcliffe Road in Cleckheaton is among a variety of stock being offered on the instructions of Kirklees Council. The guide price is £100,000 plus.
Other development opportunities include The Manse, a vacant former office and college premises on New North Road in Huddersfield. It is being offered at a guide price of £240,000 plus with planning consent and listed building consent to form student accommodation, comprising 13 en-suite bedrooms.
Tony Webber of Eddisons said: ’We have assembled an excellent catalogue to finish the year, which presents a variety of buying opportunities for investors, developers and owner occupiers.
‘There has been a notable improvement in market sentiment in the second half of 2013, with our October auction producing some of our strongest results so far this year, with proceeds of over £9 million and a success rate of 84%. We have every reason to believe the December sale will continue this upward trend.’
The Leeds sale takes place at Leeds United Football Club, Elland Road, Leeds on December 5, starting at 12:30pm.
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