Auction success for Kavanaghs……………

October 31, 2017 1:36 pm

KAVANAGHS COMMERCIAL PROPERTY MANAGEMENT are delighted to announce that they have successfully sold, with Joint Auctioneers ALLSOP, a mixed use portfolio or properties in Melksham.

Stephen Brickell, Commercial Property Manager, commented “ We were approached by an existing client who wishes to downsize his portfolio to concentrate on other ventures. During the marketing prior

to the auction we experienced strong demand from a variety of different types of purchasers, from private individuals to owners of substantial portfolios.

 I am particularly pleased that this led to very strong bidding in the sale room and I am delighted that we successfully sold four out of the five lots at sums substantially in excess of the guide prices. The undoubted star of the sale was a ground floor lock up shop where the tenant trades as a café which sold for a net yield of 8.09% !!!!!!

I am particularly pleased to once again have worked with Duncan Moir of Allsop and to have achieved such a great result for our client.”

Duncan Moir of Allsop commented “As ever Stephen has proven his worth as one of leading agents in the South West and I am looking forward to working with him again on several lots we will be bringing into the December auction.”

For further information contact Stephen Brickell of Kavanaghs on 01225 341490, or Duncan Moir on 0207 543 6704.