Over recent years, commercial property has become a popular commodity at auction with the prospect of picking up a bargain attracting investors to auctions throughout the UK. The market has demonstrated that it is able to adapt to economic change and investors have become increasingly shrewd with regard to the type of property they are willing to bid for.
Spotting a potentially good investment is the key to success at auction, so finding a property and conducting due diligence will provide you with all the information you need to make an informed choice over whether or not to bid. But where should you begin?
There are a number of ways in which to find commercial property for auction. These include;
1. Auctioneer’s online catalogue
2. Auctioneer’s printed catalogue
3. Estate agent’s listings
4. Announcements in the local, national and trade press
5. The MOVEHUT auction property page
The auctioneer’s catalogue contains guide prices and information on all the lots included in an upcoming auction and is generally available around 3 weeks beforehand. In most cases this can be accessed online with printed copies available on request or on auction day.
Estate agents also market commercial property for auction alongside properties for sale by ‘traditional’ means, and may keep you informed on request. Of course many of these will also be included in the property pages of the local press so it’s worth keeping an eye on the latest listings.
At MOVEHUT we have a comprehensive selection of commercial property for auction throughout the UK. One of the advantages of our auction property page is that you will find forthcoming lots from many of the leading auctioneers together in one place. This will save you time and enable you to easily spot a potential bargain.
Buy a Commercial Property – Local Auction vs National Auction