News - Midlands
Bigwood’s March auction nets £7m
The resilience of the regional property auction market was once again demonstrated at Bigwood’s March sale, where 70 per cent of the 91 lots sold on the day for a total of £7m. Birmingham’s Apartment 65, The Blue Apartments, Broadway Plaza, with an annual rental of £8,400, sold for £104,000 against a guide price of £80,000. The firm’s Jonathan Hackett said: “There was fierce bidding over a number of the lots, and we are seeing further keen interest after the auction, which should lead to further sales in the coming week.”