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
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
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
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:asr.3mil-demo.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:
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
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.
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
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.
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:
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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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:
For Further Information, Please Contact: John King – 020 8971 4990 Adam Hanline – 020 8971 4993 |