Merchant’s Court is star of auction
PROCEEDS of nearly £6m were generated at a recent property auction.
Eddisons reported that 67 (73%) of the 92 lots at their two-day sale in Leeds and Manchester sold, many of which exceeded their original guide prices.
A residential development in Bradford containing 17 tenanted one and two bedroom apartments provided the highlight of the sale.
Merchant’s Court in the Little Germany conservation area which generates £99,960 per annum was bought by a London-based investor for £891,000.
A three bedroom semi on Allerton Grove in North Leeds, sold for £170,000 off a guide price of £150,000. The next sale takes place on June 14.