Posted on Monday, February 13, 2017

Perfect Auction for Property Investors

Our first auction of 2017 will be held on Thursday March 9 and there are some exceptional opportunities for investors, including a chance to buy an historic North Yorkshire pub.

The Blacksmiths Arms is an attractive stone country pub in the village of Swinton, just outside Malton and on the edge of the Castle Howard Estate. With a guide price of £190,000 this is a trading freehold pub in a picturesque location with enormous potential and scope for expansion subject to planning permission.

Another interesting investment property is on Otley Road in Harrogate and comprises two self contained flats on the upper floors of a Victorian building, which are currently let and provide an annual income of £11,940. The guide price is £200,000 for both.

The March auction also has a number of properties that will appeal equally to those looking for a home to move into or a development project. These include a traditional three-bed semi on Forest Lane Head in Harrogate (guide price £220,000), a four-bed home in Wetherby (guide price £190,000) and a two-bed stone-fronted terrace on Ashfield Road in Harrogate close to the town centre (guide price £110,000).

Auctioneer Richard Smailes, partner at FSS, said: “There are some really unique properties up for grabs in our March auction and I’m expecting to see plenty of interest from first time auction goers as well as seasoned investors.

“The residential properties are ideally suited to both owner-occupier and investor which is why this would be an excellent auction for people to come along to if they have never bought this way before.”

Richard said people were often hesitant about buying at auction but insisted that the auction process was nothing to be afraid of.

“If someone is seriously interested in one of our properties I would urge them to get in touch with me now so that I can talk them through the process and give them an insight into how things might go on the day.

“The great thing about buying at auction is that there are no lengthy chains and the whole deal completes very quickly, which means the property can be yours within weeks.”

FSS Property Auction, Thursday March 9 at 3pm, The Pavilions, Great Yorkshire Showground, Harrogate. Download our latest auction brochure here or telephone 01423 501211. 


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