Andrews and Robertson raised almost ?11m at its December 13 auction passing the ?120m mark for the year as revenues rose from ?97m in 2009 to ?124m in 2010.
Andrews and Robertson auctioneer, Robin Cripp, commented: “There is investor appetite across both the secondary commercial and residential sectors for realistically priced stock, and our wide range of assets offered on behalf of local authorities, LPA receivers, corporate clients, property companies and private vendors continue to generate serious buyer interest.
“Our sale demonstrates that for the right property and at the right price there is strong investor appetite.”
Robin Cripp said: “It is such an achievement to turn around an independent firm in this way within two years. Our team have worked extremely hard on behalf of our vendors and our commitment to producing the best possible results for them remains at the forefront of all we do.
“We believe in giving every property its best possible chance of selling and are focused on this outcome rather than being exclusively protective of our success rates.
In this auction one property, previously withdrawn by a leading auction house 2 months ago in the belief it could not reach in excess of its guide price of ?280,000 on the day, was sold by us for the London Borough of Southwark for ?309,000. Staying by our clients remains our No 1 priority.
“We are now working with clients for our next auction in 2011 which will be held at The Grand Connaught Rooms, Great Queen St, WC2 on February 16 2011.”
Robin Cripp, Chief Executive and Senior Auctioneer
T: 020 7808 8530
24 High Street,
London SW19 5DX
Tel: +44 (0)20 8971 6780
Fax: +44 (0)20 8946 3683