The popularity of industrial sites in Doncaster helped a South Yorkshire firm sell 100% of lots in an ‘exceptional’ auction.
Mark Jenkinson and Son sold all 27 lots in the firm’s first auction of 2017– a rare occurrence in the current market and the first time Mark Jenkinson has sold all lots for at least five years.
Highlights from the auction included a number of industrial sites across Doncaster such as a former garage site in Sprotbrough which went for nearly double the guide price of £25,000 at £49,000.
A prominent corner plot of approximately 1.39 acres on the fringe of an established industrial estate in Kirk Sandall with a guide price of £200,000 sold for £215,000, while an industrial site of approximately 1.46 acres in Edenthorpe that had a guide price of £220,000 went for £225,000.
A small former garage site on Oldfield Avenue, Conisbrough, was expected to fetch between £2,000 and £4,000 but sold for £6,000, and a former builder's yard in Town Moor with a guide price of £10,000 to £15,000 went for £21,500.
The auction took place in the same week Sheffield-based Mark Jenkinson and Son also topped the Yorkshire and Humber results tables for 2016 with sales of more than £27million.
The firm recorded the best results in a report published by Essential Information (EI) Group, beating off competition from more than 20 other auctioneers across the Yorkshire and the Humber region.
The research by EI Group, which analyses UK-wide auction data and is recognised as the industry standard, also found Mark Jenkinson and Son sold 91.2% of lots between January and December last year – compared with the average industry figure of 75.6% for the residential and commercial sectors.
Adrian Little, Head of the Auction Department at Mark Jenkinson and Son, said: “To begin 2017 with our first auction where we sold every single lot is exceptional and a very, very positive start.
“It is a good barometer that people are buying industrial sites in particular in January as it shows they are looking ahead to Spring - when they will have developed the property and land to the point where they can sell it on again - and are looking ahead with confidence to a healthy market in three months’ time.”
The next auction will be a regional local authority auction held on February 28 at 2pm at The Platinum Suite, Sheffield United Football Club.
Mark Jenkinson and Son was established in 1877 and is the largest independent firm of Chartered Surveyors in South Yorkshire.
For more information visit www.markjenkinson.co.uk.