Welcome to Andrews and Robertson?s March catalogue and we hope you find something of interest among the 98 lots that we are offering on behalf of a diverse range of clients.
Despite continuing global economic uncertainty and instability in the Eurozone there was no sign of a slowdown in investment activity at our debut sale of 2012. Indeed our 21 February auction has raised in excess of ?23m including swift numbers of sales post, our highest single result in two years.
Our success rate stands at 76% as we go to press and three out of four properties have sold for an average price of ?230,000, a figure that is well within the affordability limits of private investors searching for a safe home for their money and equity.
Our catalogue is filled with a rich variety of vacant, investment and development stock: comprising residential, commercial, mixed -use properties and ground rents, many located in investor’s favoured parts of the UK – London and the Home Counties.
Though we are seeing solid demand for high yielding regional stock, it is fair to say that London and Home Counties properties producing good returns, vacant residential stock, and properties with development potential remained the most in favour and are trading at premium.
Our February auction brought 106 properties located within the M25 to the market. 83 were sold, raising a total of ?20m.
We are offering keenly priced stock on behalf of vendors including: The London Boroughs of Enfield and Greenwich, Mountview Estates plc, Treasury Solicitor, Executors, LPA Receivers and Mortgagees.
We hope you find something of interest and would like to draw your attention to the following:
2 Salisbury Cottages, Merrow Street, Guildford, Surrey: A freehold vacant two floor semi-detached house, in the same ownership for over 25 years. Guide Price:?260,000+
29 Dowlans Road, Bookham, Leatherhead, Surrey: A vacant freehold detached bungalow on a substantial garden plot, offering development potential subject to consents. Offered on behalf of the Treasury Solicitor. Guide price: ?450,000 +
Parkside Court, 363 Liverpool Road, Eccles, Manchester, M30: An investment opportunity. A freehold detached building accommodating 15 x two bedroom flats with off-street parking, offered on behalf of the LPA receivers. Producing ?62,400 per annum. Guide Price:?825,000 +
5 Torwood Lane, Whyteleafe, Surrey: A freehold two floor detached house with garage, in the same family ownership for over 75 years. Guide Price: ?300,000 +
23 Yerbury Road,Tufnell Park, N19: A freehold four floor terraced house arranged as six self-contained flats (five flats vacant, one flat let). Guide Price: ?900,000 +
If you have any queries then our team will be happy to help and legal packs may be downloaded from our website:www.a-r.co.uk
My team and I look forward to seeing you at the Grand Connaught Rooms, WC2.
Robin Cripp
Chief Executive & Senior Auctioneer