17 March 2011|
Welcome to Andrews and Robertson's March catalogue, bringing a diverse selection of 120 residential and commercial properties to the market at realistic prices.
We are pleased to offer lots on behalf of a range of vendors, private individuals, housing authorities, the public sector and property companies, as well as receivership sales. They have chosen our auction service as their first method of sale, offering an unrivalled certainty of sale, speed and transparency.
Vendors include: The London Boroughs of Enfield, Lambeth, Southwark and Wandsworth, Grainger Plc, Mountview Estates Plc, Age UK, LPA Receivers, Executors, Mortgagees, Trustees, Public and Private Limited Companies.
Our February 2011 sale offered an eclectic mix of properties that stimulated competitive bidding and a strong success rate of 76 per cent, well above national averages, raising more than £18m and demonstrating our commitment to achieving best price.
With more buyers looking to improve property assets and add value we would like to guide you to the following highlights in this month's catalogue:
Lot 63: Units 1-6, 60 High Street, Hampton Wick, Surrey KT1 4DB- Freehold office/B1 light industrial units with development potential, offered with a reserved rent of £34,456 per annum.
Guide Price: £300,000-£325,000.
Lot 64: Hollyhedge Parade, 20-32 Hollyhedge Road, Cobham, Surrey KT11 3DG - A freehold shop investment, comprising three shops with four flats above sold off on long leases. Offered with a reserved rent of £75,300 per annum (rising to £80,300 in September 2011).
Guide Price: £950,000+.
Lot 65: The Workshop, Nursery Road, Turnford, Broxbourne, EN10 6AL - A development opportunity offered with part-vacant possession, comprising a freehold workshop with residential planning permission, a parcel of land and eight garages.
Guide Price: £110,000+.
Lot 83 Former Caretakers House, Southbury Primary School, 5 Swansea Road, Enfield, EN3 4JG -
Offered with full vacant possession.
Guide Price: £185,000+.
Although London and the South East of England continue to dominate investment trends and our catalogue is largely focused on these areas, we are also offering a number of lots beyond these regions.
Our February auction saw some good results on stock located beyond the M25 including Buffalo Joes, a former nightclub in Gateshead which sold for £450,000. In this catalogue we are offering a block of flats in Hartlepool, Cleveland, producing£182,160 per annum together with 10 Flats vacant competitively guided at £1,800,000+ on behalf of the Administrators.
The market appears to be experiencing a welcome uplift and the number of our visits to our newly redesigned website: www.a-r.co.uk and legal pack downloads indicate March will continue to be a positive month for sales.
We hope you find something of interest and should you require any further assistance our team would be delighted to help you in any way we can.
We look forward to seeing you on 30 March at London's Grand Connaught Rooms.
Chief Executive & Senior Auctioneer