02 September 2011|
Welcome to our September catalogue which kick starts the final quarter of 2011 with 123 lots of well priced properties for a collection of vendors offering buyers the chance to add value, stimulate attractive income streams, long term capital growth or simply the pleasure of purchasing for your own occupation.
Everyone looks forward to the final four months of the auction year, and the anticipation of a return to the market following the summer break is generally greeted with a surge in activity and enthusiasm. As the global markets remain highly volatile and stocks and shares continue to roller coaster, we anticipate that investor demand for keenly priced bricks and mortar will remain robust.
We are seeing strong prices and some selective buying from cash rich investors who know their micro markets well, pushing sums raised at our auctions so far this year to over £72m and an average success rate of 72%. We anticipate that these trends will continue going forward.
Our September catalogue incorporates a versatile mix of stock on behalf of vendors including: The London Boroughs of Southwark and Wandsworth, Affinity Sutton, Defence Estates, The Treasury Solicitors, LPA Receivers and of course private individuals.
We would like to draw your attention to some of this month's offerings:
1 Dinsmore Road, Balham, SW12 9PT: Freehold two floor terrace house. Offered with full vacant possession on behalf of the London Borough of Wandsworth. Guide Price: £375,000 +
Gas Cottage, Home Farm, 461 Humber Lane, Tidworth, Wiltshire SP9 7AQ: Freehold two floor two bedroom detached house. Offered as an Investment on behalf of the Defence Estates. Guide price: £70,000 +
Huntroyde Hall, West Huntroyde, Simonstone, Burnley, Lancashire BB12 7QL: Substantial Freehold Grade II Listed three floor west wing of a period country house set within 4 acres of gardens with a Helicopter Hanger. Offered on behalf of the Mortgagees in Possession. Guide price: £675,000 +
Horse Sands Fort, The Solent, Portsmouth, Hampshire: Freehold Victorian Sea Fort, potential for redevelopment to self-contained luxury flats or a single dwelling - Planning Permission (Now Lapsed) for conversion to 14 self-contained flats with a further planning application for 22 flats - Development Opportunity.Guide Price:£1m +
42-50 (even) Hamilton Street, 1-10 Wilson Terrace & 6-14 (even) Grafton Street, Mill Hill, Blackburn, Lancashire: Offered on behalf of the LPA Receivers - Portfolio of 20 recently constructed terrace houses let on Assured Shorthold Tenancies producing a combined rent of approximately £110,000 per annum. Guide Price:£1.3m +
133 Lynton Road, Acton (Ealing Borders), W3 9HN: Valuable reversionary ground rent investment leased to the London Borough of Ealing, expiring in approximately 11 years.
We hope you find something of interest. Legal packs are available online and can be downloaded at our website: www.a-r.co.uk. If you require further support please contact us on 020 7703 4401. We look forward to seeing you at London's Grand Connaught Rooms.
Chief Executive & Senior Auctioneer