Property: Wilsons Auctions sees strong interest for land and property in early 2021
Wilsons Auctions has welcomed a strong start to its Northern Ireland Land and Property Auctions in 2021, seeing an increased interest from investors and developers along with land buyers.
The news comes ahead of its upcoming Northern Ireland LiveBid Land and Property Auction next Thursday (March 25) at 2pm. The auction will see a selection of property ranging from residential and commercial to land with guide prices from £35,000 to £450,000 going under the hammer.
Featured in this month’s auction is an excellent investment opportunity located on the Whitewell Road in north Belfast. With a guide price of £450,000, the Lot includes a block of three commercial ground floor units and four two-bed apartments that is currently generating a gross revenue of £47,000 per annum.
In addition, there is a rental investment opportunity on Dunluce Street, Larne with a guide price of £235,000. Offering four ground-floor commercial units along with four one-bedroom residential apartments and one two-bedroom residential apartment, the units are located on a pedestrian street adjacent to a new luxury hotel being developed, with some upgrading it has a potential income of over £3,000 per calendar month.
A three-bedroom bungalow on the Larne Road, within walking distance of Carrickfergus town, is being offered with a guide price of £99,000. This property is in excellent condition, with minimal work required and offers an open-plan kitchen and dining area, large front garden with gravel rear yard.
For those interested in acquiring land, there are 8.9 acres available off the Eskylane Road, Kells with a guide price of £85,000 and eight acres of good grazing land off the Luney Road, Magherafelt for a guide price of £100,000.
The local auction company has successfully transitioned its monthly auctions to its dedicated online bidding platform, LiveBid as a result of government restrictions which has proven popular amongst potential bidders allowing them to watch the live auction while bidding online.
Wilsons Auctions offers a wide range of land and property, providing an all-round, hassle-free property experience from start to finish.
From valuation to instruction, organising viewings, handling deposits, liaising with your solicitors in preparing and distributing the legal packs to marketing, advertising and conducting the auction. With online bidding available across all property auctions, potential buyers can bid from any location.
There are many benefits to selling property under contract at auction, namely the immediate exchange of a binding contract, a 10 per cent deposit paid by the successful bidder on the fall of the hammer (subject to meeting the Reserve Price) and a fixed completion date. This reduces holding costs and assures a property will be sold at market value.
Wilsons Auctions has grown to become the largest independent auction company in the UK and Ireland with sites in Northern Ireland, Republic of Ireland, England, Scotland and Wales.
Viewings are restricted to pre-registered buyers, by appointment only with an allocated time slot provided for up to two people from the same household and face masks must be worn.
For further information or to register for the auction go to www.wilsonsauctions.com, follow on Facebook @wilsonsauctionsltd or go to @wilsonsauctions on Twitter and Instagram