At Roger Hannah we understand that not all properties are suited to traditional private treaty method of disposal. Therefore, via our ownership of ‘Auction House North West’ we offer an alternative exit strategy.
Commercial Property Auctions
For anyone looking to sell commercial property through the traditional means, the process isn’t always smooth sailing. That’s because there are a number of unknown aspects that can delay the process. This includes a failure to attract buyers, poor marketing from the agent, the time it takes to ascertain the financial position of the buyer, plus whether the buyer requires a survey or a mortgage to complete the sale.
Understandably, the uncertainty surrounding selling commercial property can make for a frustrating experience for sellers who may be corporate clients or individuals. Therefore, property auctions offer a quick and easy solution that can greatly speed up the process, with none of the associated hassles that come with selling property through the usual means. This is especially the case if the buyer is in a hurry to sell, or if the property has so far failed to attract any buyers.
Roger Hannah is a leading firm of Chartered Surveyors and Property Managers based in Manchester. Commercial property auctions are one of the many services we provide to our clients across the North West.
We can sell your property in as little as 4 weeks from instruction.
Auctions are held 10 times a year, so we never miss an opportunity to sell property.
With free property appraisal, free entry into auction and if it doesn’t sell you also have no fee’s, why wouldn’t you want to get the best price for your property on the day at auction?
Auction House North West sell approximately £40M worth of property every year at a success rate of c80%!
Want more flexibility?
We also hold weekly Online Auctions at a time and date to suit you.
Online Auction provides all the benefits of buying and selling by auction, with eBay style bidding.
Rather than needing to wait until our next regional in-room sale, suitable auction properties can be offered online at any time with flexible sale date controlled by the vendors needs and requirements with exchange on the fall of the virtual hammer.
Come and visit our Property Auction at the Bolton Wanderers Football Stadium, Platinum Suite BL6 6SF.
Stuart Cooper, Commercial Director of ‘Auction House North West’ comments:
“With the considerable regional expertise powering the venture, our Auction brings a real presence, combining commercial and residential lots from the entire region into one substantial catalogue promoting a live and vibrant Auction room.
It makes so much sense, combining the UK’s largest Auctioneer and the leading North West commercial property experts Roger Hannah, with the ultimate goal to be the No. 1 Property Auctioneer of choice in the North West.”
FREE ENTRY & NO SALE NO FEE
Insert your property details here for a free property appraisal.
“We hope to see you at our next Auction” – view Auction Dates
Why Sell Commercial Property At Auction With Roger Hannah?
- 10% deposit paid by buyer
- 40 years of property expertise at your side
- 80% success rate
- All price ranges accepted
- Auctions attract large audiences
- Auctions held regularly (12 per year)
- Commission price match guarantee
- Final sale price often exceeds guide price
- Ideal for any commercial property type
- Legally binding contract once the hammer falls
- Online and in-person auctions
- Over 3,300 properties sold to date
- Pre-auction marketing
- Quickest way to sell your investment
- Zero entry fees
How Does A Commercial Property Auction Work?
We provide our commercial property auctions through Auction House North West, which is a joint venture between Auction House Lancashire and our commercial property experts here at Roger Hannah.
As noted above, our commercial property auctions have an extremely competitive price structure, ensuring no risk for the seller. Our property experts put in a lot of work behind the scenes to prepare the lots, meaning your investment will be presented as an attractive asset at our auction. We provide a range of services to help prepare your commercial property for sale, including free property valuations.
The auctions take place at regular intervals during the year, with buyers required to put a minimum 10% deposit down. Once a bid has been finalised by the hammer coming down, it is a legally binding contract. With an 80% success rate, we can provide completion of the sale in just 4 weeks.
Selling Commercial Property At An Online Auction
Don’t want to wait until our next regional property auction? We also hold weekly online property auctions, providing all of the benefits of buying and selling by auction, but with eBay style bidding.
Online property auctions are particularly ideal for any digital marketing campaigns, as a link to the auction can be shared via email, on social media or on your website. It also means buyers can be located in a much wider geographical spread, potentially increasing the chance your asset will sell versus relying on a local turnout alone.
The same rules apply to buyers to ensure your commercial property will sell when the virtual hammer falls.
Our property auction is located at the Bolton Wanderers Football Stadium, Platinum Suite BL6 6SF.
Roger Hannah Commercial Property Services
Buy Commercial Property At Auction
While our services on this page predominantly cater towards property sellers, we also invite interested parties to view our commercial property auction lots.
In addition, we are able to provide buyers with a wide range of services as noted above to help them maximise their investment potential. In particular, our building consultancy and management services are ideal for those looking to capitalise on their investment through securing a rental income, advising on mixed use of the building, among many other avenues for your property.
Please don’t hesitate to contact us if we can be of assistance with your new venture.
Commercial Property Auction FAQs
We’ve answered some of the most common questions relating to commercial property auctions below. Don’t see your query answered? Skip to the end of this page to find our contact information, where one of our property specialists can advise you further.
What Is A Guide Price At An Auction?
A guide price is an indication of where the reserve is set and is the first price that is normally associated with the property. Guide prices are not indicative of the value of the asset, instead, it demonstrates the seller’s minimum expectation of where the asset should sell for, should there be limited interest in the lot. Guide prices are subject to change at any time prior to the auction.
What Is The Average Auction Commission For Commercial Property?
Commission levels vary depending on the auction. Though, as noted above, our commercial property auctions offer an extremely competitive rate for sellers, with a price guarantee. Please contact your local Auction House for information regarding our fee structure.
Can Someone Bid On Your Behalf At An Auction?
Absolutely. It is not always possible for bidders to be physically present at an auction. In which case, they can have someone such as an agent or a solicitor to bid on their behalf. Auctioneers require written permission from the bidder and in some cases a cheque for a deposit. Please contact Auction House directly if you have any questions about this process.
Is An Auction Sale Legally Binding?
Yes. When an auctioneer places their hammer down announcing the winner of the lot, the sale is complete. However, a bidder can retract their bid before the hammer comes down.
There are only a select number of exceptions in which a completed sale can be disputed, such as if the bidder was bidding on behalf of someone else but didn’t have the authority to do so. Or, if the bid was made in error. In either case, the issue would need to be extensively proven, since auction sales fall under Section 57(2) of the Sale of Goods Act 1979.
How Can I Sell My Property Quickly?
Selling your property through an auction is one of the quickest ways to close a sale. If you have had any difficulties in selling commercial or residential property and you are in a hurry to sell, an auction provides a convenient alternative.
Commercial Property Auctions North West
Roger Hannah is a leading North West based firm of Chartered Surveyors and Property Managers based in Manchester, with unrivalled experience in commercial property.
Our property auctions cover the entire North West, including Altrincham, Ashton Under Lyne, Blackburn, Blackpool, Bootle, Burnley, Bury, Cheadle, Chester, Denton, Dukinfield, Hyde, Leyland, Liverpool, Newton-Le-Willows, Oldham, Prescott, Preston, Rochdale, Sale, Salford, Stalybridge, Stockport, Stretford, Ulverston, Warrington, Wigan and Worsley.
If you would like one of our commercial property auction specialists to assist you, or if you’d like further help or advice on anything we’ve mentioned above, we’re here to help.
Call us today on 0161 817 3394 or fill out our contact form and our friendly, knowledgeable team will be in touch.