A luxury five-bedroom house in Cardiff, seized from criminals under the Proceeds of Crime Act, was one of the highlights of Wilsons Auctions’ latest sale at its Newport branch in South Wales.
The modern detached house in St. Mellons, Cardiff, offered generous room sizes, including two reception rooms, spacious rear garden, master bedroom with ensuite as well as a conservatory, detached double garage and driveway with off-road parking. It sold for 5.7% higher than the guide price.
Also selling under the Proceeds of Crime Act was a two-storey, 932 sq. m commercial unit in the popular Capital Business Park, Cardiff. The highly sought-after property sold for 207% over the guide price.
Charlotte Ritchie, executive at Wilsons Auctions, comments: “As part of the group-wide Land and Property Department, Wilsons Auctions Government Land and Property Department specialises in the sale of property in relation to the proceeds of crime.”
She adds: “As qualified members of the Guild of Property Professionals, we have in-depth knowledge of the property market ensuring best practice, transparency and having the ability to auction a property located anywhere in the world, we are confident we can offer the best possible results for our clients, making it apparent that crime doesn’t pay!”
The Asset Recovery Department works with 17 countries worldwide, realising assets from land and property to cryptocurrency, supercars, luxury watches and designer goods for government agencies, law enforcement agencies and insolvency practitioners.
Wilsons Auctions Government Property Department, based at its South Wales branch, is part of the auction company’s group-wide Land and Property Department, offering auction solutions to buyers and sellers across the whole of the UK and Ireland with further departments in the company’s Belfast, Dalry, Dublin and Newcastle branches.