Industrial Street in Todmorden has a history of flooding and local purchasers are wary of any properties offered for sale. Several have been ‘tanked’ to avoid water ingress.
An investment company approached Hunters Actions to dispose of the property and set a reserve/guide price of &25,000. With only two weeks to go to the auction we were concerned the exposure we could generate would not be sufficient to encourage interest.
We need not have worried. From the initial internet listing we were inundated with enquiries from would be purchasers. On the night of the auction we had two telephone bidders and several potential buyers in the auction sales room. Bidding was furious and the property realised a staggering &43,000!