Over £1.25m was raised when 70% of Lots were sold at Cooke & Arkwright’s property auction on behalf of the Welsh Government and other clients on 27th April. The auction, which took place at the Village Hotel in Cardiff, was very well attended with some Lots attracting a good deal of interest. Tathan Hall, a landmark building in the village of St Athan in the Vale of Glamorgan, attracted particularly strong bidding and was sold to a developer. Other lots included semi-detached houses in need of renovation in Rassau and Ebbw Vale, land in Newtown and Barry, retail units in Pontypridd, and a former cadet hut in Brynamman, all of which exceeded their guide prices.
Rod Perons, Director of Cooke & Arkwright’s Land Agency comments, “We are pleased with the successful outcome of the auction, our first this year. If anyone wishes to enquire about unsold Lots please contact us. We hope to hold another auction in the autumn and early entries are invited. Auctions can provide greater marketing exposure for individual properties and particularly suits properties in need of refurbishment or unusual properties that may be difficult to sell by other conventional means.”
Please click here to go to our Property Auction page to access the results of the auction.