Nearly perfect for Barnett Ross
Barnett Ross sold all but one of the 30 lots offered at its 25 February sale at Radisson Blu Portman hotel, W1, raising £11.7m. The largest lot, a freehold building in New Barnet, north London, let to Tesco with four flats above, generating £79,242 pa, sold for £2m – a 4% gross yield.
Bidders reeling for Pugh lot
A fishing lake on a 13.7-acre site with development potential in Ross-on-Wye, Herefordshire, is being offered by Pugh with a guide of £100,000 to £150,000. The auction takes place on 30 March at the Feathers Hotel in Ledbury.
CP Bigwood raises £17.5m
CP Bigwood raised £17.5m at its 25 February sale at Aston Villa Football Club, Birmingham. Out of 138 lots, 14 sold prior and 112 in the room, equating to a success rate of 93%.
Seaside arcade on offer
A former cinema being used as a seaside amusement arcade in Bridlington, Yorkshire, is being auctioned by Pattinson, with bids due to start at £69,000. The building also includes a café and office space, and has a potential rental income of £10,400 pa. The sale takes place on 9 March at Doncaster Rovers Football Club.
MS Auctions goes online
MS Auctions, in association with Bamboo Auctions, has launched an online auction platform. Its first sale will include bids on 18 UK lots. Bidding ends on 10 March.
