Around half of the lots so far listed for Savills’ 12 May auction have virtual viewing tours in response to the coronavirus lockdown.
The auctioneer has so far pulled in 51 lots for the sale, which will take place as a live video stream on Savills’ website with remote bidding by phone, proxy and through the internet.
Christopher Coleman-Smith, head of Savills Auctions, said: “In a market where some buyers may be feeling uncertain it is important that vendors have realistic expectations when it comes to setting a reserve price. Around half of the lots on offer have virtual viewing tours – meaning buyers can both bid and browse from their own homes. And, uniquely, we have multiple lots with regulated tenancies, typically bought by professional investors but these provide a great opportunity for smaller investors to build their portfolios.”
This will be Savills’ second remote-bidding only auction after it raised £18.5m through its first in March.
Notable lots include:
Lot 2 Atherton Street, Battersea, SW11: a vacant one-bedroom self-contained flat with a private rear garden in need of modernisation, close to Battersea Park and Clapham Junction. Guide: £325,000-plus
Lot 31 Brook Lane Chapel, Alderley Edge, Cheshire: a chapel conversion in need of modernisation located in a sought after village forming part of Cheshire’s Golden Triangle. Guide: £460,000
Lot 50 Pilgrims Barn, Great Bentley, Essex, a three bedroom barn conversion, plus an additional barn with potential on the outskirts of a picturesque village. Guide: £425,000-plus
Lot 51 Grosvenor Bridge Road, Bath, Somerset: an irregular shaped site of approximately 0.44 acres with planning permission for demolition of existing house and erection of four dwellings. It is currently occupied by a substantial detached house of 2,895 sq ft which includes extension to the rear providing indoor heated swimming pool, set in attractive grounds. Guide: £1.05m
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