Grade II-listed building near Lake District priced at ‘nil’ in auction
Grade II-listed building priced at ‘nil’ in auction.
An impressive old property in Cumbria will appear at Bond Wolfe Auction’s next auction in Birmingham later this month, with a tempting reserve price of “nil”.
The three-story, mixed-use lot at 13 High Street in Cleator Moor, on the very edge of the Lake District, is expected to draw competitive bids at the Villa Park auction on Thursday 27 February.
The Grade II-listed building stands flush to the pavement and was previously used as a hairdresser’s shop, with a duplex flat above.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “This unusual property stands on the main road going through Cleaton Moor and has good footfall next to various shops, pubs, cafes and snack bars.
“With the Cumbrian coast and the beautiful Lake District both just a short drive away, this property could be converted to various uses, subject to planning permission.”
Other properties with reserve prices of ‘nil’ in Cumbria include a two-bedroomed, mid-terraced investment at 170 Main Street in Frizington which comes with the added bonus of a tenant paying rent of £4,560 a year.
Over in Hensingham, a suburb of Whitehaven, are a pair of two-bedroomed, mid-terraced houses at 11 and 14 Main Street, both of which need modernisation and therefore also come with “nil” reserve prices.
Meanwhile, a pair of neighbouring three-bedroomed semi-detached houses at 9 and 11 Grange Avenue in Flimby, near Maryport, that have been declared structurally unsafe and have permission for demolition.
Also sporting a reserve price of ‘nil’ in Flimby is a vacant three-bedroomed, semi-detached house with gardens at 9 Grange Avenue.
Mr Tudor explained that while reserve prices of nil meant that there was no minimum price, prospective owners would still have to pay the standard auction administration fee of £1,074 including VAT for each property.
He added that some auction properties can have further costs and that it was always recommended that potential purchasers read the legal pack.
Mr Tudor added: “By starting these auction lots at ‘nil’, we’re expecting intense interest in these properties because they all represent bargain opportunities.”
The Cumbria properties will join 215 lots at the auction on Thursday 27 February, starting at the earlier time of 10am to cater for what is a record number of lots to be offered on the day.