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TODAY'S OTHER NEWS

Strettons’ diverse auction to offer former electricity substations

Property auctioneer Strettons' latest auction takes place this week with a series of land investments available as part of a diverse catalogue.

The 41-lot auction takes place at 12pm on Wednesday 11 September at the De Vere Grand Connaught Rooms in Holborn, London.

The highest priced lot is a freehold retail warehouse situated in Torquay, Devon. It generates £50,000 a year in income and has a guide price of £650,000.

At similar prices are a freehold vacant site with development potential in Manor Park, East London and a freehold detached house in Streatham, South West London, which is in need of improvement and modernisation.

There will be a series of land investments at locations across the UK available, which will be sold on behalf of advertising agency JC Decaux.

Meanwhile, there are two freehold former electricity substation sites in Wiltshire and the Isle of Wight with respective guide prices of £9,000 and £25,000+.

Also available at the event will be a range of leasehold properties in London, commercial investments, freehold garages and land with development potential.

"The catalogue features a wide range of properties that are set to attract private buyers and seasoned investors alike," says Philip Waterfield, Strettons' auction director.

"The series of land investment opportunities sold on behalf of JC Decaux have proved popular with local developers at our previous auctions and so I am looking forward to seeing how these perform on the day."

You can see the full catalogue here.

Strettons is already inviting lots for its next sale which takes place on October 28.

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