Welcome to Andrews & Robertson?s July 2011 catalogue bringing 145 commercial and residential properties to the market and a rich variety of vacant as well as investment stock and recession-proof ground rents at realistic prices.
As summer approaches with frightening speed, it gives us great pleasure to report that despite the fluctuations of 2011’s wider property market A &R have transacted more than ?54m worth of property sales at auction on behalf of our clients so far this year- a result demonstrating at a stroke the enduring appeal of property ownership at a time of wider economic uncertainty.
Buyers experienced or new to the market are flocking to our sales at London’s Grand Connaught Rooms choosing to steer the course of their own fiscal fortune rather than invest in traditional pension schemes, and who can argue with that?
But while auctions are a barometer of investor sentiment offering the market an immediate snapshot of value on the day, it is also true that stock selection remains highly influential on success rates saying almost as much about a catalogue as the market itself. Our June sale saw 75% of the catalogue sell and demand was keen for high yielding secondary stock and ground rents, as well as housing association and local authority stock offering the potential to add value.
At A&R we offer prospective buyers a diverse range of property type and location. So our July auction will once again include lots on behalf of: Affinity Sutton, Grainger Trust plc, Mountview Estates plc and The Treasury Solicitor. LPA receivers, Liquidators, Local Authorities including: Lambeth, Merton, Richmond and Southwark, and of course private individuals.
We would like to draw your attention to some of this month’s offering:
45 The Chase, Clapham Old Town, SW4 0NP: A rarely available freehold four floor semi detached house in one of Clapham’s premier roads with development potential. Offered with full vacant potential on behalf of the London Borough of Lambeth. Guide Price: ?1,300,000+
Weaver House, 19-21 Chapel Road, West Norwood, SE27 0TP: a substantial 9,024 sq ft part vacant freehold four floor office building. Producing a rent reserved at ?72,256.24 per annum. Guide Price: ?700,000+
The Brewery House, 74 High Street Marlow, Buckinghamshire, SL7 1AH: A freehold three floor grade II* listed end of terrace office building, producing ?93,200 pa Inclusive, with two vacant offices and development potential subject to consents. Guide price: ?800,000+
3 Selsey Avenue, Bognor Regis, West Sussex, PO21 2QZ: A freehold three floor detached former care home. Offered with full vacant possession and potential for conversion / development (subject to consents). Guide Price: ?340,000+
8 The Vista, Pentire Road, Newquay, TR7 1NX: A long leasehold first floor luxury two bedroom apartment in a sought after location overlooking the golf course and Fistral Bay. Guide price: ?225,000+
A portfolio of 22 properties around the UK which we are offering on behalf of a bank.
Legal packs are available on-line and can be downloaded at our website: www.a-r.co.uk. Should you require any further advice or support please don’t hesitate to contact us on 0207 808 8530.
We hope you find something of interest and look forward to seeing you in the room.
Chief Executive & Senior Auctioneer