This Sheffield garage sold for over £23k - almost five times the asking price
A garage in a sought after Sheffield suburb sold for almost five times the asking price at an online auction.
The garage at Brincliffe Court, Nether Edge Road, Nether Edge, had a guide price of £5,000 but sold for £23,500 in the auction held by Mark Jenkinson.
It was described as a single, brick built garage, located in a sought after residential district, measuring 125 sqft, with an up and over door.
Auctioneer and senior partner Adrian Little said: “This was a really strong result, crazy really. If we had got between £10,000 and £15,000 it would have been a good result.”
The garage attracted 18 bidders and competition was fierce.
Mr Little added: “There is a lack of garages in that area, which has a lot of old Victorian properties where there is no garage.”
The auction was one of the firm’s biggest successes, raising a total of £5.8m lots. This was boosted by the sale of an industrial park in Hull for a company record of £1.6m.
Other notable successes included a shop on Glossop Road in the city centre selling for £97,000 above guide price and an office on North Church Street selling for £47,000 more than the asking price.
Mr Little said: “It was business as usual. We sold 31 of 36 lots offered and it was a really strong performance. The market shows no sign of slowing down.”