Sheffield auction sells lot for record £1.61m

Mark Jenkinson and Son auctioned an industrial warehouse for £1.61m last week, its highest ever selling price.

Malmo Food Innovation and Technology Park in Hull contains 10 units, a resolution centre and substation.

While it provides an income of £88,872 per year, it previously produced £210,000 when fully let.

The site was listed for £1.5m and comprises of 1.69 acres.

Other sales included an extended three-bedroom semi-detached house in need of general modernisation but with views of Sheffield’s Stannington, which had a guide price of £250,000 sold for £317,000.

Nether Edge, Sheffield

A stone-built three-bedroomed semi-detached cottage with vehicular access, car parking and two garages – also in need of general modernisation – in Bramley Rotherham, listed at £90,000-£100,000 and sold for £123,000.

And a single garage in Nether Edge, Sheffield, which went under the hammer with a guide price of £5,000 sold for £23,500.

Meanwhile the former Firth Park Advice Centre in Sheffield – a substantial inner terrace with ground floor extension comprising office accommodation – with a guide price of £95,000 sold for £163,000.

9 Stubbin Lane, Firth Park, Sheffield, South Yorkshire

Adrian Little, head of the auction department at Mark Jenkinson and Son, said: “There is currently very high demand for residential modernisation opportunities – with lots selling well above guide price across South and East Yorkshire and Nottinghamshire, too.

“Equally, commercial property is performing strongly – as well as the record-setting industrial site in Hull, an inner terrace with accommodation including shop in Sheffield sold for £272,000 after being listed at £175,000.

“And a landmark Grade II listed building in Ecclesfield village with two retail units plus six flats/studios, sold for £395,000 – £20,000 more than its guide price.”

The next online auction will be held on Tuesday October 19th.

Leave a Reply