18:27 PM, 17th June 2013, About 8 years ago 32
Auctions are an excellent way to sell tenanted property because auction rooms attract investors.
A key benefit from the sellers perspective is there is no requirement to decant tenants, thus ensuring rental revenue right up to the point of sale and removing costly void periods.
Keeping tenants in situ also has the added benefit that properties tend to view better when lived in, provided of course the tenant is reasonably tidy.
From a buy-to-let investor point of view Auction House find landlords welcome the fact that they are getting rent from day one and have no need to set about paying rental agency fees to locate tenants, so it’s a win win for selling / buying in the auction room.
Perhaps of paramount importance is that our auction rooms attract multiple investment buyers as we invest heavily in marketing and promotion.
Auction House operates via 30 regional auction rooms.
If you are serious about selling tenanted property, or indeed selling vacant properties at auction, the next step would be for me to arrange for your local auctioneer to meet with you, discuss the properties and agree terms. This conversation and auction appraisal of the property(ies) is without charge or obligation.
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