The catalogue for Strettons’ February national property auction is now available to view online.
The sale, which takes place on February 6, is Strettons’ first auction of 2019 and the company is aiming to continue its success in 2018, it achieved £62 million in sales with an average success rate of 75% - one of the highest success rates amongst the UK’s auction houses.
The latest catalogue features a diverse range of 61 residential and commercial properties from across the country, as well as unique investment and development opportunities.
These opportunities include a portfolio of 12 plots located throughout England that are being offered by advertising agency JCDecaux.
Many of the sites are currently used at locations for billboards and have development potential (subject to all necessary consents) with guide prices starting from £9,000.
Philip Waterfield, director and auctioneer at Strettons, described the plots as a ‘unique opportunity’ for local investors to purchase land for potential development.
“Given their use as billboard locations, many of the sites sit in prominent positions so could suit a range of uses, from keeping them as advertising locations, to developing them into houses, subject to the necessary consents,” he added.
Other development opportunities include a freehold vacant former care home with potential for development or houses in multiple occupation (HMO) use in Sutton, Surrey with a guide price of £775,000-£800,000 and a freehold vacant site with planning permission for 9 flats in Harwich, Essex with a guide price of £230,000-plus.
The highest price of the catalogue is a freehold detached house in Hornchurch, Essex, which has a guide price of £1.5 million-plus. Refurbished and modernised 10 years ago, the six-bedroom house is situated in a sought-after location approximately half a mile from Emerson Park mainline station.
The February sale also features a wide range of residential and commercial opportunities in London and the South East. In Stoke Newington, N16, two freehold flats (one vacant for modernisation and one let on a regulated tenancy) are guided at £800,000-plus. Elsewhere, a freehold house in Clapton, E5, comprises four flats let on assured shorthold tenancies (ASTs) with a guide price of £900,000-plus.
In Waltham Abbey, Essex, a freehold vacant detached three-bedroom bungalow for improvement, modernisation or development has a guide price of £480,000-plus, while in Liverpool, six freehold vacant flats with planning permission to extend has a guide price of £680,000 - £700,000.
Commercial properties include ‘The Compass Inn’, a freehold commercial investment in Northamptonshire with a guide price of £340,000-plus and a freehold part vacant commercial investment with redevelopment potential in Newbury, Berkshire, with a guide price of £400,000-£425,000.
Another freehold investment in Barking, Essex, is occupied by the telecommunications company O2. The two self-contained vacant office suites (with residential application) and one flat let on AST have a guide price of £700,000-plus.
Waterfield added: “I am looking forward to our first sale of 2019 and I am pleased with the variety of properties in our catalogue. I think the numerous development opportunities will interest the
seasoned auction goer and property professionals and I am keen to see how they perform on the day.”
Strettons’ February auction will take place on Wednesday 6 February 2019 in Holborn at the De Vare Grand Connaught Rooms, Great Queen Street, London, WC2B 5DA. To view the catalogue online, click here.