Apartment conversions top auction billing

A vacant property close to Sefton Park that has been converted into apartments is the highlight of the next Sutton Kersh property auction.

The three-storey, semi-detached property on Croxteth Road has been converted to 13 self-contained apartments and is being offered at the 16 April event with a guide price of £400,000 plus. The apartment building, which is being sold on behalf of a housing association, could provide an annual income of over £65,000 when fully let.

Other lots set to go under the hammer during the auction, which will be held at the Crowne Plaza on Princes Dock, include a vacant three-storey Victorian property on Judges Drive in Newsham Park, with full planning permission for conversion into five self-contained flats, and a guide price of £135,000 plus.

With a total of 128 lots on offer at the event, Cathy Holt, joint head of auctions at Sutton Kersh, says: “This is the biggest sale to take place on Merseyside for a long time and presents investors with a vast choice of buying opportunities in all categories.”

About Author: Natasha Young