Auction sales on the up for Pugh & Co

Newton-le-Willows based property auctioneer Pugh & Co has netted more than £33.5m in sales at its Manchester auctions during the first half of the year.

The figures revealed follow its most recent successful auction at Manchester United Football Club which netted £7.9m.

At this Manchester auction, 87 of the 139 lots on offer sold including two Lancashire properties which sold for more than double their guide prices.

Showroom warehouse Fourgates Mill on Chorley Road, Bolton was guided between £70,000 and £80,000 and sold for £162,000.

Pugh & Co’s residential arm of the company, The Auction People, also had a number of high sellers with a vacant two bedroom terraced house on Colbran Street, Burnley selling at more than double the guide price at £33,500.

Paul Thompson, director and auctioneer at Pugh & Co said: “Our results year-on year continue to show growth in both lots
offered and sales values achieved.

“The Manchester auctions are thriving and have been really popular with customers who appreciate the choice and quality of commercial and residential lots offered.

“We have seen strong demand, particularly in the residential sector, with the stamp duty concession and recent figures showing increased mortgage lending.”

Across all four auction venues- Manchester, Liverpool, Leeds and Newcastle, Pugh & Co has so far netted £46.3m in sales this year.

The catalogue for entering lots into the September round of auctions closes on August 8th and interested parties should register their property now at www.pugh-auctions.com for a free, no obligation auction appraisal.