By, Charlie Jacoby
1 min read
ByCharlie Jacoby, Charlie Jacoby
Lambert Smith Hampton holds its next auction on December 1 in South Yorkshire, with 130 lots, including investment properties. Among highlights are the Carlton Industrial Estate in Barnsley (12 units let, producing £86,600 pa; two vacant, would let for a full ERV of £97,000 pa). In Caerphilly, LSH is offering a freehold car park investment, let to GE AES, producing £63,400 pa. It comes with 3.5 per cent annual uplift.
There is a retail investment at 97 High Street, Maidenhead, let to British Heart Foundation at £20,000 pa. And in Stirling, 1/5/7 Baker street, 79 King Street and 8 Spittal Street are town centre multi-let commercial investments producing £171,750 pa. Insurance House, Vaughan Way, Leicester is a city-centre office investment, let at a rent of £378,423 pa with rent review outstanding. The sale includes 50 commercial ground rent investments on behalf of Merthyr Tydfil, St Edmundsbury, Southampton City, Bromsgrove Sheffield City and Rotherham Councils.
In Ashbourne town centre, there are five freehold historic vacant terraced cottages, for refurbishment. And in Nuneaton, there is a freehold block of 14 flats with car park. Seven are sold on 125-year leases producing £1,400 pa; six are to be to be sold vacant.
● Savills' auction on October 25 includes several lots in desirable areas of north-west London, including a flat on Harley Street in Marylebone, let as an investment at £36,400 per annum (guide price £750,000) and a semi in Crouch End, N8, arranged as five self-contained flats (three let, two vacant) reserved at a guide price of £725,000.
● Even in autumn, gardens help sell property - especially if they come with a sniff of planning permission.
Real Estates is selling a Tudor-style house with garage in Totteridge, N20, for £2.5 million. The five-bedroom house has three reception rooms and three bathrooms, including two en-suites. The property retains many original features and has potential for extension, subject to permission. The mature gardens include a terrace and a children's play area.
Real Estates is also selling a three-bedroom semi in Woodside Park. It has a garage with its own drive and offers tremendous potential for extension subject to permission. The garden backs directly on to fields.
Oliver Ross, the partner responsible for the Totteridge office, together with Stephen Barnett, reports that he is encouraged by the amount of activity during the first five months and looks forward to the remainder of the year being just as successful.