Archive for April, 2012

Andrews & Robertson’s Third Sale of 2012

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Welcome to Andrews and Robertson’s May catalogue bringing a number of residential and commercial properties to the market. We have collected a mixture of vacant and investment stock largely located in London and around the M25 – locations that reliably prove to be the private investor’s preference.

Our first two sales of 2012 demonstrated clear demand for good quality investment stock. Both well let residential and commercial properties located within the M25 are prompting real competition and a depth of bidding not seen for some time.

From the rostrum we have witnessed a tangible improvement in demand for residential development sites in the South East. This is a really good indicator of growing confidence in the residential sector and was one of the first to be hit by the reduction in lending. Since so many development opportunities have been stymied by lack of lending, those that are taking place are doing so with a weight of private equity behind them, and these buyers clearly feel on the cusp of a turning point.

So far this year we have sold £33M worth of property. However bidders are being discerning and are actively sourcing properties that accurately reflect risk, particularly on tertiary commercial property if let to local traders whose covenant and provenance is less established than high street names. Having said this, these so-called prime lots are also proving less durable to the changes in the economic climate than had been supposed and this is causing investors to cast their net wider.

As a result for those with good local market knowledge or experience in asset management and who know what to look for beneath the surface, the well let secondary commercial lot is proving enticing and selling well producing yields in excess of 9%.

Our latest catalogue contains properties on behalf of the London Boroughs of Southwark and Wandsworth, Grainger Plc, Executors, LPA Receivers, Mortgagees, Trustees, private property companies, and private individuals.

May we draw your attention to the following selection:

143 Barry Road, East Dulwich, SE22: A Freehold Vacant Two Floor Two Bedroom Semi-Detached House. Offered on behalf of the London Borough of Southwark. Guide Price: £425,000 +

34c Argyle Square, Kings Cross, WC1: Long Leasehold Second Floor Self-Contained Flat. Offered on behalf of the Trustee in Bankruptcy. Guide price: £150,000 +

29 Chestnut Road, West Norwood, SE27: Freehold Three Floor Double Fronted House arranged as Eleven Self-Contained Studio Flats producing £57,240 per annum. Guide Price: £650,000 +

Elephant & Castle Public House, Newington Causeway, London, SE1: Freehold Five Floor Building comprising of Thirteen Self Contained Flats and a Public House all let producing £350,200 per annum. Guide Price: £4M +

126-128 Lauriston Road, Hackney, E9: Freehold Double Fronted Shop Investment with Three Self-Contained Flats above producing£128,500 per annum. Offered on behalf of the LPA Receivers. Guide Price: £1.3M +

We look forward to seeing you in the room, if not we can provide telephone bidding and proxy bidding facilities but please do give us prior notice to make this facility available. Further information can be found on our website: www.a-r.co.uk

Robin Cripp
Chief Executive & Senior Auctioneer

Andrews & Robertson…where time matters

Commercial Properties Let/Sold 2012

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 INDUSTRIAL

 

16 Glenville Mews, SW18       unit16glenvillemews.jpg

887 sq ft (82.40 sq m)

Industrial unit.

LET

Unit 9, 55-59 Weir Road, SW19      weirroad55units9.jpg

1,228 sq ft (114 sq m)

Industrial unit.

LET

66 Windsor Avenue, SW19                      windsorave66.jpg

5,943 sq ft (552.20 sq m)

Ground floor warehouse with office space.

SHORT-TERM LETTING

Unit 4, Saxon Business Centre, SW19       windsoravesaxonbusunit4.jpg

1,560 sq ft (144.93 sq m)

Two storey mid-terraced industrial unit.

LET     

Unit 4, 55 Weir Road, SW19                              unit455weirroad.jpg

1,850 sq ft (171.4 sq m)

A mid-terrace modern warehouse.

LET

 

66 Windsor Avenue, SW19                     windsorave66.jpg

1,850 sq ft (171.4 sq m)

Ground floor workshop with offices.

LET

 

16 Glenville Mews, SW18         unit16glenvillemews.jpg

887 sq ft (82.4 sq m)

Industrial unit.

LET

Unit 20, 59 Weir Road, SW19                       weirroadunit20.jpg

Mid-terrace modern warehouse unit.

LET

10 College Fields, SW19                           unit_10_college_fields.jpg

7,198 sq ft (668.7 sq m)

Single storey warehouse unit.

LET

Unit 4, 55 Weir Road, SW19                                            weir_road55unit5.jpg

1,850 sq ft (171.4 sq m)

A mid-terrace modern warehouse unit.

LET

77-79 Hartfield Road, SW19   hartfieldroad77-79.jpg

5,500 sq ft (510.96 sq m)

Hard surfaced land.

LET

Unit 19, Summerstown, SW17    summerstown.jpg

1,480 sq ft (137.49 sq m)

Single storey industrial unit.

LET

 

Unit 8 Swan Centre, SW17   rosemaryroadunit8.jpg

1,150 sq ft (106.83 sq m)

Single storey industrial unit.

LET

Unit 25 Summerstown, SW17     summerstown.jpg

910 sq ft (84.54 sq m)

Single storey industrial unit.

LET

Unit 5, Falcon Court, SW17    falconcourtunit5.jpg

3,539 sq ft (328 sq m)

Business unit.

LET

 

Unit 6, Glenville Mews, SW18    glenvillemewsunit6.jpg

1,400 sq ft (130 sq m)

Single storey industrial unit.

LET

Unit 15, Summerstown, SW17     summerstown15.jpg

1,480 sq ft (137.49 sq m)

Single storey industrial unit.

LET

OFFICE

 

Unit 1, College Fields, SW19                             princegeorgesrdunit1.jpg

1,600 sq ft (148.64 sq m)

Ground floor industrial premises with

office accommodation on first floor.

LET

First Floor, Woodcock House, SW19                highstreetwoodockhouse.jpg

Office suite.

LET

Crooked Billet, SW19   crookedbilletgfbasement.jpg

268 sq ft (24.89 sq m)

Ground and basement office accommodation.

LET

7-9 Florence Road, SW19  florencerd9.jpg

1,465 sq ft (136.10 sq m)

Office accommodation.

LET

1B Cromwell Road, SW19                   cromwellrd1b.jpg

667 sq ft (61.96 sq m)

Open plan office accommodation.

LET

RETAIL
117 Merton Road, SW19      mertonroad117.jpg

Retail premises.

LET

5-6 Cobham Court, CR4                   5-6_cobham_court.jpg

1,340 sq ft (129.49 sq m)

Retail premises with D1 use.

LET

284-286 Haydons Road, SW19      haydonsrd284-288.jpg

1,185 sq ft (110.09 sq m)

Retail premises.

LET

253 London Road, CR4   londonroad253.jpg

1,679 sq ft (155.98 sq m)

Retail premises with residential upper parts.

SOLD

22 The Broadway, SW19   thebroadway22.jpg

1,155 sq ft (107.3 sq m)

Retail premises.

LET – Short-term Lease

22 The Broadway, SW19      thebroadway22.jpg

1,155 sq ft (107.3 sq m)

Retail premises.

LET

Commercial – Announcement

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ANNOUNCEMENT

NEWLY REFURBISHED OFFICES TO LET

COMING SOON

halfwaygreenpgscourt.jpg

HALFWAY GREEN

WALTON-UPON THAMES, KT12 1RS

 

 

  • 30,737 Sq Ft (2,857 Sq M) Headquarter Office Building
  • Additional 16,150 Sq Ft (1,500 sq m) Building S.T.P.
  • 172 Car Parking Spaces
  • Major Refurbishment
  • Available Summer/Autumn 2012

 

 

For Further Information, Please Contact Sole Letting Agents:

Adam Hanline: 020 8971 4993              John King:  020 8971 4990

24 High Street,
Wimbledon Village,
London SW19 5DX

Tel: +44 (0)20 8971 6780
Fax: +44 (0)20 8946 3683