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Digital auction house launches next catalogue following European event

Digital auction house BidX1 has launched the catalogue for its latest sale, following the success of what it has described as Europe's largest digital auction last month.

The event - which attracted bidders from all over the world - featured properties from Ireland and raised €36 million.

The latest 41 lot portfolio - which is being described as the firm's 'UK breakthrough auction' - opens for bids on July 5.

On offer will be some of BidX1's most expensive lots to date, including a long leasehold office building in Oxford with a guide price of £2.8 - £3.25 million.

Another highlight is a detached freehold unbroken apartment block in Birkenhead, Liverpool, with a guide price of £1.75 million. The property comprises 27 two-bedroom apartments and will provide a gross initial yield of 9.21%.

"This is our UK breakthrough auction, with vendors looking to sell properties worth up to £3.2 million, now keen to employ a digital platform," says Stephen McCarthy, BidX1's founder.

"We can see the ripple effect of how our model is enabling both buyers and bidders through its accessibility and ease of use."

"As we return for another UK auction, with high profile standout lots, we look forward to a continuation of our success to date,” he says.

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