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Properties across Greater Manchester including shops, offices, flats and a restaurant will come under the hammer in London on Thursday 24th May 2012.

The eight sites will be sold at a commercial property auction held by Jones Lang LaSalle.

They feature among a catalogue of 25 lots with a total guide price of £16 Million (GBP).

The properties include The Apple Building, Oldham Road, Manchester, which comprises 53 flats and has a guide price of £3.15 Million (GBP). The Lakeside Villas & Apartments, Blackley, comprises nine flats and 23 houses and has a guide price of £1.6 Million (GBP). Two shops at Stockport’s Merseyway development occupied by chain stores will be up for grabs with a guide price of £1.55 Million (GBP) along with a site on Great Underbank, Stockport, which is currently let to Lloyds estimated at £1.2 Million (GBP).

Salford office blocks Balmoral House and Sandringham House (£1.25m in total) and Windsor Court (£450,000) are among the lots. Lombard House, Cheadle, which is currently let to Countryside Estate Agents, and an Est Est Est leased restaurant on Manchester Road, Bury, have guide prices of £500,000 (GBP) and £475,000 (GBP) respectively.

For more information about the Manchesterproperty auction
Contact Charlotte Maynard Auctions Co-ordinator – Jones Lang Lasalle
+44 (0)20 7087 5497 or email: charlotte.maynard@eu.jll.com

Great news for international property investors, the strength of the UK pound (GBP)proved too much for weaker currencies and finished higher in March against all major currencies, according to the Currency Index.

Good exchange rates mean overseas buyers can now find property investment bargains in many countries.

The Currency Index have confirmed the opportunity for UK based international investors after examining local property markets around the world.

Excellent prospects for property investors include Australia and New Zealand where residential property price drops of 5.38% and 5.06% have respectively been observed and the Australian dollar currently has the most improved exchange rate, at over 4% cheaper.

In Europe, Greece has shown to have seen the worst property price falls with residential accommodation values 6.3% cheaper than previously. Spain has also seen property prices fall by 3.3%

Sterling (GBP) has become a strong currency and UK based property investors should be ready to cash in now whilst the exchange rates are good, there are some great bargains to be had, all you have to do is look…

Follow the link for listings of overseas property sourcing providers 

http://mypropertypowerteam.co.uk/propertyinvestmentdirectory/propertysourcing_overseasproperty_listing.asp

 

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