SDL Auctions draws 112 lots from around the UK
Despite the wider property market having largely ground to a halt, SDL Auctions’ first national property auction has drawn 112 lots – not far short of the 139 lots offered in its five room auctions at the same time last year.
SDL Auctions’ first national property auction catalogue features properties from all four corners of Great Britain – from Berkshire and Bristol via Pwllheli to Wick in the far north of Scotland – underlining the company’s position as a national auctioneer.
Managing director and auctioneer Andrew Parker says: “We are delighted to present such a fantastic catalogue for our first national property auction. The locations of the properties illustrate that there are no geographical boundaries when it comes to selling with SDL Auctions and the sheer volume of lots confirms we are providing a much-needed service to sellers, many of whom simply cannot wait until the crisis is over.”
In response to the current crisis, SDL Auctions has replaced all of its room auctions with monthly national property auctions streamed live over the internet from the auction studio in its head office.
Lots being sold in the auction on 30 April include houses, flats, bungalows, commercial properties and land, some of which are being sold on behalf of estate agents after the lockdown increased the number of fall-throughs in the open market.
“Auction offers a level of certainty which simply cannot be achieved on the open market; our fall-through rate of less than 2 per cent is extremely attractive to estate agents and sellers, and a welcome lifeline in these uncertain times,” says Parker. “We’re proud to be able to offer a much-needed service to sellers, many of whom simply cannot wait until the crisis is over. And we are equally proud to provide the opportunity for estate agents to keep some income flowing. What many don’t realise is that once a property sells at auction, the agent gets paid within seven days.”
The auction takes place on Thursday 30 April from 10.30am and can be viewed via live video stream on the SDL Auctions website.