With guide prices totalling £46 million ($65 million) the auction is potentially the highest in value that the firm has ever handled. Altogether, 86 freehold, feuhold and leasehold investments from across the country will be on offer--including 40 banks--with the other lots a mix of retail, office, industrial and leisure properties.
The 40 bank investments feature strong representation from the North and Scotland with Yorkshire Bank and Clydesdale Bank branches in particular, but there are also Lloyds TSB, Barclays, Woolwich and Bristol & West branches available.
John Townsend, Healey & Baker's auctioneer said: 'There are no signs that the enthusiasm for commercial property bought at auction has dimmed - and that is likely to remain the case while the current economic conditions exist, particularly while interest rates remain low.
'We are in a position where we can offer at auction investments with excellent covenants and offering real security of income. Combine that with low rates and less attractive alternatives and you can see why there has been a surge of interest from private buyers fuelling huge growth in the commercial market. In many cases in our auctions last year we saw private buyers out-bidding property companies and institutions for the better quality secure property.'
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