A vacant Grade II listed former Gentleman’s residence in Wakefield sold for three times its advertised guide price at a recent property auction.
Lupset Hall, the former City of Wakefield Golf Course club house, had been offered at a guide price of £100,000 plus at the Eddisons sale at Elland Road and finally sold for £310,000. It is understood the unnamed buyer is considering returning the property back to a family home.
Also in Wakefield a mixed retail and office investment which is part-let to betting firm William Hill at an annual rent of £20,000 sold for £191,000. It had been guided at £150,000 to £180,000.
Meanwhile, The Lodge, a Grade II listed former lodge house within the curtilage of Moor Allerton Hall in Leeds, sold for £125,000, off a guide of £110,000 plus.
Other highlights included a vacant inner through terrace in the Burley area of Leeds which achieved £104,000, having been guided at £70,000 plus.
Elsewhere, a vacant inner terrace house off York Road in Leeds requiring complete renovation sold for £39,500, off a guide of just £10,000 plus.
In total Eddisons sold 70 (70%) of the 100 lots offered at its latest two day sale in Leeds and Manchester, generating proceeds in excess of £7.3 million.
Tony Webber of Eddisons said: ‘This was another strong performance and continues the upward trend we witnessed in the final quarter of 2013 and at the start of this year.
‘Investors turned out in force - there was competitive bidding.’ Eddisons is now inviting instructions for its next Leeds auction on 22 May. The catalogue closes on 15 April.