Auction gets 2012 off to a great start

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PROPERTY consultant Mark Jenkinson & Son is predicting a business year for its auction department after selling 30 of the 36 lots at its first auction of the year and raising a total of £2 million in the process.

Auctioneer Adrian Little said: “This was a fantastic start to the year and bidding flowed throughout the hour and a half long sale. It is fair to say we could easily sell double the number of lots as clearly there is a healthy appetite for small to medium size projects.”

A substantial corner property with potential for redevelopment, on Albert Road, Meersbrook attracted the top price of the day - £186,000 – while houses on Strathtay Road, Springvale Road and Derbyshire Lane sold for £163,000, £156,000 and £116,000 respectively.

Although the former Birley Carr Chapel did not sell, Adrian Little says three strong enquiries were made after the auction which could lead to a sale.

Mr Little says the overall success rate was in line with last year, when the firm sold 338 out of 388 lots, for a total in excess of £27 million.

Mark Jenkinson & Son’s next sale takes place on March 27 and will include the Grade II listed Princess Works, on the corner of Princess Street and Blackmore Street in Sheffield, the former Brown-Firth Research Laboratories which has been hailed as the place where Harry Brearley developed stainless steel a century ago.

More recently the building has been a pewter works and is now being sold with a guide price of £250,000.