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Commercial Property owners in Barnstaple turning to auction

Commercial Property owners in Barnstaple turning to auction

Posted: Thursday 6 September 2018

There is a growing trend among owners of commercial property in Barnstaple to sell their property at auction.

Auction as a method of sale has often been considered a last resort, but it is increasingly becoming the preferred selling option for property investors. Barnstaple-based commercial property agents, Charles Darrow Network Auctions has seen a significant uplift in commercial property in Barnstaple being sold at their auctions.

The news comes as EIG’s latest auction statistics reported a growth in both commercial property sales and percentages being sold at auction in the South West which is the UK’s most successful region when it comes to property auctions.

Charles Darrow Network Auction’s success in selling freehold commercial property in Barnstaple has not gone unnoticed, with many property owners in the town now realising that auction is the ideal solution to get their property sold. Paul Heather director at Charles Darrow Network Auctions commented “the feedback we are receiving from our clients is amazing, with many of them selling at auction for the first time and commenting on the speed and convenience of sale and it’s really satisfying to see how surprised they are when we achieve sale prices way beyond their expectations.”

Properties recently sold in Barnstaple by Charles Darrow Network Auctions include Lloyds Chambers, The Square which is a mixed-use investment property with a ground floor fish & chip restaurant and 4 flats above and 127 Boutport Street, which comprised a vacant ground floor shop with a large flat above. 

Le Chalet is Charles Darrow’s latest auction listing, which is on Bickington Road, Sticklepath and is due to be auctioned in London on 12 September 2018. The 12-bedroom former care home comprises a detached property set in approximately 1/3 acre and with a guide price of £245,000, it is already attracting interest from local property developers and investors as well as existing care home operators. For more information visit the Charles Darrow website