Posts Tagged ‘property’

New UK-Wide Industrial Rent Set In Battersea, SW11

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Andrew Scott Robertson, South West London’s leading industrial agents, announces that, acting on behalf of a major fund, it has completed the letting of three units totalling 6,755 sq. ft. at Parkfield Industrial Estate, Battersea, SW11
setting a new headline rent of £30.00 per sq. ft. This rental level is believed to be the highest rent ever achieved for a standard open market industrial unit letting in the United Kingdom.

Parkfield Industrial Estate is located in the heart of South West London, close to Clapham Junction railway station. The estate extends to a total of 69,000 sq. ft. contained within 20 units. Andrew Scott Robertson have acted as letting agent on this estate since August 2016, when rents were in the order of £11.00-15.00 per sq. ft. 4 units were destroyed by fire in 2016 and practical completion of the rebuild was achieved in May 2018. The previous leases on these units expired within the construction period. 

A leading international auction house, has completed a new 10 year lease at a rent of £63,090 per annum on 2,100 sq. ft., equating to a £30 per sq. ft. rent. A provider of flexible commercial kitchen space, has also completed a 25 year lease, with 10 years term certain, at a rent of £30 per sq. ft. on 4,600 sq. ft. with just three months’ rent free.

Stewart Rolfe, Director of Commercial Property at Andrew Scott Robertson commented: ‘”The strong performance of the South West London Industrial Market is further exemplified by these lettings where high quality units in close proximity to the City and West End remain a priority for occupiers. The current demand for such units together with the reduction in supply due to conversion to residential have led to a substantial increase in rental levels over the last 12-24 months and, specifically a 63% increase in rental values on this estate.

Further information:
Tel.: 020 8971 4999 / Email: commercial@as-r.co.uk

Andrew Scott Robertson Launch a Lifeboat in SW19!

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If you think Wimbledon is just about tennis think again! Wimbledon Estate Agents and Chartered Surveyors Andrew Scott Robertson pushed the boat out to raise money for the Royal National Lifeboat Institution on Saturday 30th June.  Director Ian Ailes, who organised the event with the RNLI Clapham Branch said, “You don’t see many boats in Wimbledon yet our nearest Lifeboat station is on the Thames at Chiswick just 7 miles away; the 2nd busiest lifeboat station in the country. It is manned 24 hours a day and has a response time of just 90 seconds.  So far this year they have attended 107 incidents and rescued 14 people and 3 dogs. Two of our Directors are Lifeboat supporters so we decided to organise a fundraising event on our Wimbledon Village office forecourt by offering to double whatever was donated on the day with a target of £1,000. We are very pleased to say we raised over £1,300”. 

Our photo features (L-R) Residential Sales Team: Rob Wells, David Faulkner, Samantha Cross and Professional Services Director Ian Ailes. 

Property of the Week: Welford Place – Could this Wimbledon home mean game, set and match for your property search?

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With one of the world’s top sporting events just days away, tennis fans could beat the queue and bag a year-round view of the on-court action with their very own Wimbledon home.

Situated just a stone’s throw from the All England Lawn Tennis Club, the new owners could enjoy views of Centre Court and the magnificent London skyline beyond from the tranquil roof terrace. Perfect for enjoying a glass of Pimms on a summer’s evening!

Welford Place is a stylish family home offering 2,400 sq ft of luxurious accommodation situated in a highly regarded private development adjacent to Wimbledon Park Golf Course. The development boasts its own indoor swimming pool complex and secure gated play area. For further information or to arrange a viewing of this stunning property please contact Stephen Parsons MNAEA on 0208 971 6780 or email sales@as-r.co.uk.

 

 

 

 

 

 

 

 

Property of the Week: Downings House – where clever storage solutions combine style with functionality

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Whether you live in a large house or a small apartment, storage is a major topic for any homeowner. Living in a smaller home doesn’t necessarily need to mean living with less. You just need to be smart about how you organise the space you do have. Make every inch of your home work hard with well-thought out and space-saving storage solutions.

Completely transformed by architect Luis Trevino, our property of the week, a spectacular three bedroom loft style apartment in a handsome Grade II listed converted school, is packed with innovative design touches and makes clever use of space storage solutions that will come in handy no matter the size of your home.

The magnificent reception room makes full use of the double height ceilings. Custom built floor to ceiling units add storage and save space, whilst serving a dual purpose as a room divider to separate the open plan living room and kitchen.

In the stunning kitchen, white-on-white storage is the perfect example of the power of going monochromatic. The luxury units blend seamlessly with the surroundings and low level cabinets around the perimeter create extra seating, great for entertaining, and proving that you don’t need to compromise between style and functionality.

Storage can be found in the most unlikely of places and at Downings House the architect has made ingenious use of the space underneath the stairs, transforming it into a hideaway office – perfect for whether you work from home or need a place for the kids to do their homework. The floating stairs add to the feeling of space and openness.

In the bedroom, mounting ceiling lights either side of the bed frees up space on top of the bedside tables.

And if you are struggling for how to bring light into an internal bathroom, why not consider glass walls to bring in light and add an extra touch of elegance and style?

When it comes to decorating a small house or apartment, the key to keeping a space both functional and tasteful is to decorate minimally. At Downings House, the walls are kept neutral throughout, creating a fresh palette which reflects and optimises the natural light that floods the space.

Downings House is a gem waiting to be discovered…

For further information on this property click here

Property predictions: what next for property in 2018?

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Looking back at 2017, one constant that has been proved yet again is the continued robust nature of the London property market. Despite the political and economic uncertainty of Brexit, the changes introduced to the landlord tax relief and the Bank of England’s rise in interest rates, the property market as a whole has proved to be incredibly resilient.

2017 was a great year for us as a company. Our sales turnover was up on the previous year and the team’s hard work and relentless commitment to delivering exceptional service – and achieving the best possible results for our clients – paid off with a Gold Award at the highly prestigious British Property Awards as the top estate agent in Wimbledon for customer service.

As we look ahead to 2018, we are confident that the market will continue to hold its own. Whilst there is continuing economic and political uncertainty in the run-up to Britain’s departure from the EU in 2019, the continued low rates of lending still make today’s market a good time to buy. As ever, the phrase ‘Location, Location, Location’ is true when it comes to the demand for property in Wimbledon, and that has encouraged more agents to open offices in SW19, giving potential vendors even more choice than before. However, with 11 sales and 7 lets already agreed in January we are off to a very positive start and, despite increased competition from local and online agents alike, we are even more determined to make 2018 our best year ever!

 

Five star customer feedback

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“It is said that selling and moving home is one of the most challenging times in your life. It was made easier by choosing ASR to manage the sale of my property. From the initial meeting to the day of completion the team gave an exceptional level of professionalism, commitment and focus, maintaining regular contact and giving feedback after every viewing. Once my property was under offer, Teresa and William kept in close contact, giving good support and advice when needed and ensured good communication between my buyers and the respective solicitors. Thank you. ”

Presenting Hatton House, 77 – 91 Hartfield Road, Wimbledon

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Andrew Scott Robertson are proud to present Hatton House, 77 – 91 Hartfield Road, an outstanding development of new commercial units located in central Wimbledon.

Set beneath a highly sought after residential development, Hatton House comprises 6,458 sq. ft. of Grade A specification office space, arranged over ground and lower ground levels, and offers flexible, open-plan layouts with secure parking and much valued outside terrace space.

Rents per sq. ft. vary from £40 to £45 according to unit number as follows:

  • Unit 1, Lower Ground Left, 1,722 sq. ft. (160 sq. m.) Rent per sq. ft. £40.00 (£68,900 pa)
  • Unit 2, Lower Ground Right, 1,905 sq. ft. (176.98 sq. m.) Rent per sq. ft. £40.00 (£76,200 pa)
  • Unit 3, Ground Left, 1,356 sq. ft. (125.98 sq. m.) Rent per sq. ft. £45.00 (£61,000 pa)
  • Unit 4, Ground Right, 1,475 sq. ft. (137.03 sq. m.) Rent per sq. ft. £45.00 (£66,400 pa)

Stewart Rolfe, Director of Commercial Agency at Andrew Scott Robertson, comments “Well-designed, conveniently located office space remains in high demand in Wimbledon and the flexible open-plan layouts offered by Hatton House are particularly conducive to today’s working environments. We expect high levels of interest for this exceptional new commercial development in the heart of SW19.”

Further information:

Stewart Rolfe, Director of Commercial Agency t. 020 8971 4994 / e. srolfe@as-r.co.uk

Victoria Nicol, Marketing t. 020 8971 6780 / e. vnicol@as-r.co.uk

Another award-winning year for Andrew Scott Robertson with national recognition in the raterAgent Top 50 estate agencies for customer service

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It’s been another award-winning year for Andrew Scott Robertson with national recognition in the raterAgent Top 50 estate agencies in the UK for customer service

The 2016 awards recognising the UK’s top estate agencies for customer service have just been announced by raterAgent, the trustworthy, transparent sales and letting agent review site.

Independent Wimbledon estate agent Andrew Scott Robertson are delighted to once again achieve the prestigious accolade of being in the Top 50 National Estate Agencies according to their customers, beating off dozens of local competitors.

Since its launch in April 2015, some 10,851 agents dissatisfied with existing review sites have signed up to the raterAgent scheme, which sets itself apart on the genuine nature of its customer reviews. Commenting on the results, raterAgent chairman Bill McClintock said, “These are the industry awards that matter as they are based entirely on genuine reviews from customers who have experienced the agent’s service first-hand. All reviews have been verified thoroughly under our Triple Lock Transparency Check so our company and individual winners have every reason to feel proud that the exemplary service they give their customers has been recognised. We congratulate all our 2016 winners.”

Andrew Scott Robertson Managing Director John King said, “It is testament to the hard work and dedication of the whole team that we have picked up such a prestigious award for the second year running. We hope that knowing that Andrew Scott Robertson has not only engaged with such a transparent and trustworthy site – but also that we have been placed in the Top 50 National Estate Agencies based upon our customer’s reviews on it – tells you all you need to know about our approach to our service. At the very least this should encourage anyone looking to move in the area in 2017 to consider Andrew Scott Robertson as their agent in the process.”

Sales activity in the UK residential market is increasing, but a slow start to 2017 is expected due to a lack of stock

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The November RICS Residential Market Survey shows sales activity in the UK residential market is increasing, with buyer demand edging upwards for the third consecutive month. As stock continues to dwindle, the headline RICS price balance has risen to 30% in November, which is the highest reading since April, and most of the UK is seeing an increase in prices.

On the supply side of the market, supply shortages remain a constraining feature and indeed, respondents across most parts of the UK highlight the supply shortage as a very dominant feature of the market at present.

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The outlook over the year to come is positive in all areas with 40% of respondents forecasting house price growth, although contributors are less confident in the prospects for London prices relative to other areas over the year to come with larger properties in the capital expected to show the slowest growth. Tax changes over the past couple of years are widely cited by respondents as an impediment to the level of transaction activity at higher price points.

In the Lettings market, tenant demand rose only marginally, as is usual around this time of year, with 15% more contributors reporting a rise rather than a fall. Meanwhile, new landlord instructions fell slightly at the headline level with 6% more contributors seeing a decline rather than a rise. Tenant demand continues to outpace supply across most areas and rents are expected to continue to rise.

The London rental market remains somewhat of an outlier with surveyors continuing to report a decline in tenant demand (a trend that has been visible for most of the last year) and rent expectations in negative territory for the fifth consecutive month.

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At Andrew Scott Robertson, we have noted that sales activity continues to be busy at the lower end of the market for houses up to £1.5m. Activity in flats up to this price range has slowed; a factor caused by the buy-to-let market having cooled. This month has seen a slowdown of instructions while vendors review their plans for 2017, whilst there has been a steady flow of new buyers on the block ready to buy.

Stock levels on the rental side are improving but applicant levels have slowed. Following the Autumn statement, agents letting fees remain topical with both landlords and applicants, and we would predict that rental adjustments are on their way.

24 High Street,
Wimbledon Village,
London SW19 5DX

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