Archive for November, 2012

Special Interest to Investors and Developers – Falconwood Court, Blackheath, SE3

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Special Interest to Investors and Developers – Falconwood Court, Blackheath, SE3 – To be Offered in 5th November Auction (Unless Sold Prior)

In the Same Ownership Since Built

Falconwood Court, 24 Montpelier Row (Lynch Close), Blackheath, SE3 0RS

Freehold Detached Four Floor Purpose Built Block arranged as 38 Self Contained Flats

(Five Flats let on Assured Tenancies, Thirty Three Flats let on Assured Shorthold Tenancies)

Investment producing £342,625.68 per annum

Another Successful Month For Quinton Scott

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November has been a bumper sales month and we have seen many of our properties going under offer at very strong prices.

 

This week alone we have agreed sales on four properties.

 

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The Quinton Scott sales machine roars on ……..  Are you selling in Wimbledon ?

 

If so, give us a call.

020 8971 6780/3800

Andrews & Robertson’s Final Sale of 2012

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Welcome to Andrews and Robertson’s final auction catalogue under our old banner and an even warmer welcome to andrew scott robertson our new trading name from January 2013.

Andrews and Robertson holds its final sale of 2012 and emerges in 2013 as
Logo

It is the end of an era and the beginning of a new one for our firm. After specialising in auctions for 155 years at the hub of London’s marketplace, our name, our look and our repertoire of services will change following our merger with Wimbledon surveyors and estate agents Quinton Scott. But rest assured, our commitment to providing first class quality of service and a client-centred focus remains the same.

So whether you are looking to sell or buy a residential or commercial property through auction or private treaty, or seeking advice on values, private treaty investments, rent reviews and lease renewal; require expert reports for planning appeals and court hearings; valuations for company accounts, loans, tax planning and probate, ASR will be on hand to help ensure the experience is a smooth one, from start to finish.

Furthermore our first class lettings team can now offer a smooth transition from acquisition to letting. For anyone considering getting the most out of their property through BTL or commercial rental our teams at ASR will be there to manage the process for you.

Our team of chartered surveyors can offer a real depth of market knowledge when it comes to valuation and our auction team the most up to date feedback on pricing in London and throughout the UK. So whether you are looking to let, or buy or sell via private treaty or auction we’ll be with you, supplying impartial, professional and expert advice you can rely upon, every step of the way.

Our geographical spread now spans Central, South West and South East London with offices in Chelsea, Wimbledon Village, Wimbledon Town Centre and Camberwell. Our team look forward to seeing you in one of them soon. Our contact details remain the same and our new look website will be uploaded from January as:www.as-r.co.uk.

Meanwhile our dedicated auction team have been hard at work to produce a rich catalogue for our 17th December sale held at the The Russell Hotel, Russell Square, WC1.

Our final catalogue of 2012 comprises 70 lots primarily located in London and the South East but we are also including a number of lots in provincial towns and cities.

Highlights include:

  • Lot 1 – 12 Kenilford Road, Balham, SW12: A good size detached house in a popular postcode. It would make a family house or possibly could be split into 2 units. Offered on behalf of the London Borough of Wandsworth. Guide Price £520,000+.
  • Lot 3 – 8 Queens Court, Battersea, SW11: A large studio flat in hugely popular location close to Battersea Park with potential for conversion to a one bedroom flat subject to consents. Offered on behalf of the London Borough of Wandsworth. Guide Price£130,000+.
  • Lots 4, 5 & 6 – 10 and 21 Lillieshall Road, and 1 Rectory Gardens, Clapham, SW4: Three attractive cottages in a much sought after location each requiring modernisation. Offered on behalf of the London Borough of Lambeth. Guide prices 10 Lillieshall Road£530,000+; 21 Lillieshall Road £540,00+; 1 Rectory Gardens£460,000+.
  • Lot 32 – 9 Upper High St Epsom, KT19: This is a prime high street retail investment within an affluent area, the tenant is currently holding over but they are interested in renewing their lease, the current rent reserved is £54,500 per annum. Guided at£580,000 plus reflecting a gross yield of 9.4%.
  • Lot 38 – 323 Kennington Road and Flats A and B Silk Mews Road, Kennington SE11: A mixed use investment comprising two self contained flats with a ground floor retail unit let to one of the oldest firms of estate agents in South London, producing a total rent of £52,400 pa. Guide Price £750,000+.
  • Lot 43 – 131-141 Goldsworth Road, Woking, Surrey: A development site with planning for 14 flats and a ground floor retail unit. There is a pre-let in place for the retail unit to Tops Tiles. This could produce a competitive yield on completion. Guide Price£950,000+.
  • Lot 53 – North Lodge, Ferny Hill, Enfield, EN4: Sited in a great location on the edge of Trent Park this property is being offered on behalf of Enfield Council . Guide Price £350,000+.

If you have any queries then our team is happy to help and legal packs for this sale may be downloaded from our website: www.a-r.co.uk .We look forward to seeing you in the auction room.

On behalf of my team, may I wish you a very Happy Christmas and a Prosperous New Year.

Robin Cripp
Chairman

New Window Displays

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Quinton Scott are delighted to announce that our new window displays have started to bring a lot more buyers into our branches. Increased footfall has seen an uplift in the offers that we have received and more sales are resulting. We are looking forward to the further refurbishment of our branches which will be happening in the coming weeks.

Quinton Scott Launches Premier Buyers Club

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This is a new and unique service from Quinton Scott in Wimbledon which is only available to local residents.

 

The aim of the service is to make Wimbledon residents aware of properties coming to the market before buyers from out of the area to give them a time advantage, which will benefit them if they have a property to sell.

 

We cannot guarantee that membership will give an unfair advantage in terms of the price paid for a property, as we always strive to achieve the best price that we can for our clients. What we can do however is promise that we will assist local residents by making them aware of properties coming to the market at the earliest opportunity.

 

An additional service that we will offer members is that we will hand deliver letters for them free of charge to roads that they are specifically interested in living in, to see if we can encourage potential sellers to allow us one or two discreet viewings.

 

 

 

Should you wish to embrace this opportunity, please do so by contacting

Stephen Parsons, Head of Residential Sales

Tel: 0208 971 6781

Email: sparsons@quintonscott.co.uk

Next Auction Sale 17th December 2012

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We are open for instructions for our next sale which will be held on Monday 17th December 2012.
If you are considering placing your property for auction please call or email us for further advice.

5th November Post Auction News

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Revenues soar to £17.5m at Andrews and Robertson 5 November auction as buyers chase quality lots with income or added value potential.Fierce bidding on virgin stock in good locations with added value potential and keenly priced investment stock in the South East, pushed Andrews and Robertson’s 5 November auction revenues to £17.5m, the firm’s second highest result in 2012.The event held at The Hotel Russell, WC1, saw 59 out of 83 lots spanning both the residential and secondary commercial sectors achieve prices well above guides in many cases.

Property sold for an average of£296,653. AST yields averaged 6.85%, Assured Tenancy yields 6.4% and Ground Rent yields 2.78%.

Vendors included: The London Borough of Lambeth, Affinity Sutton, Defence Infrastructure Organisation, Mountview Estates plc, Swindon Central Properties Ltd, The Treasury Solicitors, LPA Receivers, Executors, Trustees, Mortgagees and other private and public companies.

The highlight of the sale: Falconwood Court in Blackheath, SE3, a block of 38 tenanted flats with development potential was the largest residential investment to be sold at auction since 2006. Fresh to market after more than four decades in the same family ownership it sold for £5m off a guide price of £4.9m plus, and a yield of 6.8%.

Cripp said: “Investor perception is that money is safe as can be in good residential areas in London. Outside of the capital or in secondary locations it is all about value or investment return. But if the price is right there is demand across the country as our sales in Newcastle, Hull, Oxford, Kent, Northampton and Luton, demonstrate.”

With location a key driver behind buying patterns a Victorian terraced house in Rectory Gardens, Clapham, offered on the instructions of the London Borough of Lambeth was within a residential close largely occupied by squatters for many years and was the first to come to the market. Despite their protests it sold for £500,000.

Other highlights included:

  • A one bedroom flat in a Victorian terraced house in Lavender Sweep, Battersea, SW11 also fresh to market and offered on the instructions of Mountview Estates Plc. This keenly priced lot made £312,500 off a guide of£230,000 plus despite issues of access to its garden.
  • 173 and 181 Castlenau, Barnes, SW13: A pair of three storey early Victorian terraced houses in a celebrity area of South West London, requiring refurbishment after being in the same ownership for more than three decades and guided at £640,000 each were sold for £740,000 and £690,000.
  • Five properties in New Cross, SE14, and one in Lee Green, SE12, sold on behalf of a major housing association. The properties made 40% above their collective guides of £750,000 plus, achieving a total of £1,056,000.
  • 21 Blackheath Grove, Blackheath, SE3: A long leasehold garden floor maisonette sold in the room at £422,000 against a guide price of £375,000.
  • Ash Villa, Luton, LU1: A large house converted to six ready to let self-contained flats sparked heated bidding. Sold for £367,500 off a £236,000 guide.
  • A former fuel depot, in Islip, Oxfordshire: Guided at £250,000 plus at auction sold in the room for £258,000to a speculator looking long term.

Andrews and Robertson’s final auction of 2012 will be held at The Hotel Russell on 17 December 2012. If you are considering selling then our dedicated auction team would be delighted to help you.

For further information please contact:
Dominic Smith or John Weatherall on 020 7703 4401,
Jeremy Lamb or Robin Cripp on 020 7808 8530

Walton Green

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WALTON GREEN

 

 

 

We are pleased to announce the completed refurbishement of approximately 30,000 sq ft of Grade A offices at Walton Green.  This self-contained Headquarters building offers accommodation over 3 floors and benefits from:

 

 

 

  • New M & E Systems
  • New Metal Suspended Ceiling Grid
  • LG7 Lighting
  • Fully Raised Access Floors
  • Flexible Open Plan Layout
  • Shower Facilities on Each Floor
  • 2 x 13 Person Passenger Lifts
  • Unrivalled Parking Facilities with a Ratio of 1:179 sq ft
  • Walton Rail Station and Local Amenities are Located a Short Walk Away

 

 

 

For Further Information, Please Contact:

John King – 020 8971 4990

Adam Hanline – 020 8971 4993

24 High Street,
Wimbledon Village,
London SW19 5DX

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