Welcome to Andrews and Robertson?s June 2011 catalogue which offers a diverse mixture of secondary commercial and residential properties, primarily located in popular locations in London and the South East of England, and some rather more exotic locations too.
We aim to bring a broad base of asset class to our buyers, so our 97 lot catalogue has been collated very much with you in mind. We hope you find something of interest in which to invest your hard earned money.
Notable highlights include:
Lot 1: Mextfield Road, Putney, London SW15: Virgin stock from popular vendors The London Borough of Wandsworth. This three bedroom home in a highly sought after location is being offered at a competitive price: Guide: ?550,000 plus.
Lot 14: 7 Brookview Road, Tooting, London, SW17: This four bedroom three storey Edwardian house in a popular South-west London location, is fresh to market and offered on behalf of the executors. Guide: ?490,000 plus.
Lot 32: 9-10 Harbour Hills, Exuma, Bahamas: A freehold two floor detached house with adjoining ? acre plot and planning permission for a 1200 sq ft bungalow on one of a string of beautiful Bahaman islands and cays located close by the Greg Norman ‘signature’ golf course and Exuma International Airport. Guide:?600,000 plus.
Lot 34: A portfolio of 16 houses in Bude, Cornwall: Offered on behalf of Defence Infrastructure Organisation as one lot this rarely available refurbishment opportunity is guided at between ?1.3m-?1.5m. Located close by the sea in one of England’s most popular and beautiful coastal stretches,could make an ideal holiday let.
Lot 38: The Former Duke of Sutherland Public House, Walworth, London, SE17: This substantial freehold former public house offered with vacant possession also presents ample scope for adding value on its residential upper parts. Guide: ?575,000 plus.
Lot 42: Kentish Town Road, London NW1: This freehold vacant mixed use investment with development potential offers real scope for asset sweating and adding value. Competitively guided at?350,000 plus.
Lots 74 and 81: Great Titchfield St, Fitzrovia, W1 and Mansfield Road, Hampstead NW3: A golden opportunity to purchase freehold residential ground rents in two of the capital’s mostly hotly contested postcodes.
In the first three months of 2011 A&R have outperformed the 69% national average sales rate, selling 73% of the 286 properties entrusted to us by our corporate clients, private vendors and local authorities, receivership and executors and raising ?44m.
Bigger property companies are buying for long term investment and demand for regulated tenancy is particularly strong. We are seeing heightened demand for smaller development sites and high yielding secondary commercial stock. Though funding remains an issue for correctly priced stock demand is high.
We hope you find something of interest and look forward to seeing you at London’s Grand Connaught Rooms on 16 June.
Robin Cripp
Chief Executive & Senior Auctioneer