Land and property owners invited to sell their assets at Loveitts Auction

Land and property owners looking to sell their assets for quick cash returns are invited to auction them off in Coventry next month.

The invitation comes from Loveitts which is holding one of its popular bi-monthly auction events which are renowned for regularly attracting bids far higher than the reserve price.

With a heritage stretching back 175 years, Loveitts has grown to become the leading auctioneer in the Coventry and Warwickshire area.

Auctions regularly feature a wide range of lots, from lay-bys and small parcels of land, to industrial units and residential and commercial properties.

Lots in July included a 0.76-acre piece of land in Stretton-under-Fosse, Rugby, which sold at £260,000 – more than three times its original value.

Sally Smith, Director and Auctioneer at Loveitts, said: “The popularity of auctions has continued to grow over the years, with buyers and sellers alike realising they are an excellent means of acquiring or offloading land or property.

“Sellers realise the benefits of auctions in helping them to make a quick sale and avoid entering into a chain. Added to this they have the opportunity to make a lot of money on their sale if there is more than one party with a particular interest in their asset.

“And buyers too can benefit, by finding a bargain which might not necessarily be available on the open market.”

Sally said both sides are offered full legal protection with the drop of the hammer acting as a legal contract signifying the sale of the land or property.

The auction takes place at the Village Urban Resort Hotel in Canley, Coventry, on Thursday, September 26th.

For further details on upcoming auctions and properties log on to https://www.loveitts.co.uk/auctions/upcoming-auctions