Kersh Auctions takes almost £8m
Published June 6th, 2007
KERSH Auctions has raised nearly £8m from two property auctions in the past week – in Liverpool and London.
Its latest Merseyside event saw 70% of properties sold, releasing £5.6m in receipts. Successful lots included a retail unit in Southport that went for nearly double its £50,000 guide price.
Moss Lane Social Club in Orrell Park, Liverpool, also achieved nearly a 20% gain on its reserve price.
In London, Kersh’s joint venture with auctioneer Andrew Binstock is also proving to be a hit with the latest event generating £2.3m.
Kersh director James Kersh said: “Retail opportunities are spearheading a change in investors’ thinking at auction, making them think about broadening their portfolio.
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