Charles Darrow Network Auctions is reporting over 50 lots in its October catalogue – With 4 attractive lots in its South Devon patch.
Director Paul Heather comments: “We are seeing a significant increase in new auction listings in the second half of 2021 mostly from sellers with businesses and property landlords who are in some form of financial distress”
“With bank interest rates being incredibly low, savers are looking to invest their money into something fairly low risk, which gives them an attractive return.
Paul says, with over 50 lots listed, there are opportunities for everyone, whether its property for refurbishment, investment, development, or owner-occupation.
Lots on offer include land with planning permission for a 3 bedroom detached bungalow in the premium Vernon Close/Rock Road area of Torquay offering spectacular sea views.
The former Wolborough Inn Pubic House in Newton Abbot, a generous 3 storey, period property in the town centre with a guide price of £200,000.
One of the highest lot prices in the auction is for a block of 20 empty flats in Plymouth with an estimated current rental income of £105,900 per annum, guided at £625,000.
By contrast, one of the lowest has a guide price of £80,000 to £85,000 for a spacious 2-bedroom ground floor flat in Torquay with the benefit of a decked garden and allocated off road parking.
The online auction will kick off on 21 October and is plenty of interest is expected.
For more information, please visit www.charlesdarrow.co.uk/auctions or contact Paul Heather or Lucy Fuller on 01626 330022.