26 June 2009
Investor demand at auction continues to outweigh supply
according to Savills
Savills Commercial has released its sales catalogue in
preparation for its July auction. The sale will take place in The
Ballroom at Claridge's Hotel, London,...
24 June 2009
River Island confirms development plans at Magna Park, Milton
Keynes
River Island, represented by Savills, has confirmed it will
proceed with developing a new national distribution building at
Magna Park, Milton Keynes.
23 June 2009
Jamie's Italian says bonjourno to Guildford
Legal & General Property, represented by Savills and
Roche Retail, has let 13 Friary Street in Guildford to Jamie's
Italian.
19 June 2009
Savills to sell Tandridge and Chelsham estates in
Surrey
Savills, on behalf of Earl Compton, is selling The Tandridge
and Chelsham Estates in Surrey, which are divided into two distinct
blocks to the South (Tandridg...
10 June 2009
CommerzReal backs Liverpool's Mann Island
CommerzReal has signed to forward fund Neptune Developments
& Countryside Properties Mann Island office scheme in
Liverpool. The 140,000 sq ft (13,006 sq m) o...
05 June 2009
Chiswick Park chosen as European HQ for global oil and gas
company
Leading global oilfield service company, Baker Hughes, is
relocating to Chiswick Park, taking 12,000 sq ft (1,114 sq m) of
office space in Building 5.
05 June 2009
Savills is target for Grads
Savills was presented with its second graduate recruitment
award in the past month on Thursday 21st May at the TARGETjobs
National Graduate Recruitment Awards 2009.
03 June 2009
Shakeaway hits Regent Street, Swindon
Demac Properties, represented by international real estate
advisor Savills, has let Unit 2 at 55-61 Regent Street in Swindon
to Shakeaway.
03 June 2009
The Factory Shop takes former Woolies in Cardigan
A private London based property company, represented by
international real estate advisor Savills, has let premises in
Cardigan to The Factory Shop.
03 June 2009
Savills sees lender borrower partnership as key to bankers
getting their money back
International real estate advisor Savills opened its annual
financing property presentations today (3 June 2009) in the City of
London addressing lenders on w...
03 June 2009
Further letting success for Stockland in Billingham
Stockland (Billingham), represented by international real
estate advisor Savills, has let 120 Queensway to The Coffee
Pot.
03 June 2009
Bertie's Diner opens on Queen Street, Morley
ATC Properties, represented by international real estate
advisor Savills, has let 105-107 Queen Street in Morely, Yorkshire,
to Robert Lacey and Jacqueline De...
03 June 2009
Timpson takes space at the Merrion Centre, Leeds
Town Centre Securities, represented by international real
estate advisor Savills, has let Unit 7 at The Merrion Centre in
Leeds to Timpson.
02 June 2009
Savills brings hotel double to the market
On behalf of its client Michael and Marie Lawson,
international real estate advisor Savills has brought to the market
two unique leisure investments in Cumbri...
26 May 2009
Eaves Hall Country Hotel comes to market in Lancashire
International real estate advisor Savills has bought Eaves
Hall Country Hotel in Waddington, Lancashire to the market on
behalf of its client Richardson Hotel...
Investor demand at auction continues to outweigh supply according to Savills
Savills Commercial has released its sales catalogue in preparation for its July auction. The sale will take place in The Ballroom at Claridge's Hotel, London, W1 on Wednesday 15 July 2009 at 2:30pm.
The catalogue consists of 21 lots, with guide prices ranging from £20,000 to £2.9 m and totalling in excess of £10.35million.
Simon Parker, Head of Commercial Auctions at Savills, comments: "Investor demand within the auction market remains buoyant with good opportunities emerging for those buyers with access to cash. However, there also continues to be a slowdown in supply as the level of distressed sales feeding through from the banks has not been at the pace initially predicted."
Properties of note include:
Lot 01 - 35 Bull Ring, Ludlow, Shropshire, SY8 1AA
Situated in the centre of the historic market town of
Ludlow, this freehold investment comprises an attractive building
arranged over cellar, ground and three upper floors. The building
totals 2,824 sq ft (262 sq m) and is currently let to The Edinburgh
Woollen Mill until 2020 at an annual rent of £26,000. The property
is offered at auction for a guide price of £350,000 to
£375,000.
Lot 02 - Q-Matic House, The Crossway, Uxbridge, Middlesex UB10
0JH
This freehold vacant office is located in the heart of
the London Borough of Hillingdon, comprises a 1980's brick built
detached building arranged over ground, first and second floors.
The property totals 3,098 sq ft (288 sq m) and benefits from five
car parking spaces. It may well be suitable for change of use,
subject to necessary consents and would suit an owner occupier or
investor. The property is offered at auction for a guide price of
£200,000 to £250,000.
Lot 03 - The Seland Newydd, Brecon, Pwllgloyw, Powys LD3 9PY
A traditional rural public house situated two miles from
The Brecon Beacons National Park and surrounded by beautiful Welsh
countryside, this freehold property totals 3876 sq ft (360 sq m)
and comprises a bar, lounge, restaurant and kitchen on the ground
floor. Two letting rooms with en-suite bathrooms and a three
bedroom manager's flat are located on the first floor. To the rear
of the property is a small patio and car park, while across the
road is a beer garden and half an acre of woodland fronting the
River Honddu. The property is offered at auction for a guide price
of £100,000+.
Lot 05 - Petrol Filling Station and Convenience Store, A46
Evesham Bypass, Worcestershire WR11 4TP
Situated on the busy Evesham by-pass which benefits from
high volumes of traffic generated by the A46, A44 and A4184, this
freehold property comprises a petrol filling station and
convenience store. Currently let to Somerfield Stores Ltd and
trading as Texaco and Somerfield convenience store, the property
generates an annual rental income of £193,496. The canopied filling
station provides 10 pumps for cars and two pumps for HGV usage, as
well as manual and automated car washing facilities. The
convenience store also provides an ATM machine and parking for 20
vehicles. The total site area is approximately 1 hectare (2.47
acres). The property is offered at auction with a guide price of
£2.8 million to £2.9 million
Lot 06 - 2210 to 2215 The Crescent, Birmingham Business Park,
Birmingham, B37 7YE
This freehold office investment benefits from an ideal
location on the edge of Birmingham city centre close to the M6 and
M42 and just two miles from Birmingham International Airport and
the National Exhibition Centre. The property comprises a pair of
semi-detached two storey office units with open plan interior,
ancillary services with suspended ceilings and raised access floors
and 43 parking spaces. It is currently let to Halifax Equitable Ltd
until 2015 and generates an annual rental income of £155,070. The
business park covers 56 hectares (140 acres) and is home to many
well known blue chip occupiers. The property is offered at auction
for a guide price of £1.2m to £1.3m.
Lot 07 - 14 & 15 Mandela Street, London NW1 0DU
Located in the heart of Camden Town, a highly desirable
location just one mile from the St Pancras Eurostar and two miles
north of Central London, this freehold development opportunity
comprises a two storey warehouse unit arranged over ground and
first floors. The 6,531 sq ft (607 sq m) building originally dates
from the mid 1800's and is of traditional brick construction under
pitched roof. The property has been granted planning permission to
convert the existing studio warehouse units to create seven
live/work units along with the erection of a roof extension
incorporating terraces, which will add a further 3,250 sq ft (302
sq m). The property is offered at auction for a guide price of
£1.5m to £1.7m.
Lot 09 - Romans Hotel, Little London Road, Silchester, Hampshire
RG7 2PN
Situated in the pretty village of Silchester, just 9 miles
from Basingstoke, this attractive freehold country hotel totals
13,388 sq ft (1,243 sq m) and comprises 25 en-suite letting
bedrooms, a 50 cover restaurant, bar and conference facilities for
60 delegates, a gym, sauna, outdoor heated swimming pool and two
tennis courts. In addition, there is also an outbuilding with a
garage and manager's accommodation. Set within a 1 hectare (2.50
acre) site, the property may be suitable for further development or
conversion for alternative use such as healthcare, education or
residential, subject to the usual planning consents. It is offered
at auction for a guide price of £900,000 to £1m.
Lot 14 - Land at Moor Lane, Rickmansworth, Hertfordshire WD3 1LQ
Offered under instruction from Tarmac, this freehold
investment comprises 18.62 hectares (46 acres) of irregularly
shaped agricultural land. Benefiting from an attractive riverside
setting, the site is located within the M25 and is designated as
Greenbelt and a local 'wildlife site'. Currently let on a Secure
Agricultural Tenancy, the land produces an annual income of £1,035.
This lot is offered at a guide price of £100,000+.
Lot 16 - Foreshore, Coast Road, New Romney, Littlestone-on-Sea
TN28 8QZ
This former care home comprises a traditional detached
three storey building with 14 bedrooms. Totalling 4,746 sq ft (441
sq m) the property benefits from a seafront setting with the
bedrooms situated on the lower ground and first floors, while the
kitchen, residents' lounge, dining room, sun lounge and manager's
offices can be found on the ground floor. The property currently
holds C2 class use and may be suitable for residential conversion
or sub-division, subject to the necessary planning consents. The
property is offered for sale at a guide price of £250,000 to
£300,000.
Lot 19 - 50, 52, 54 & 56 Nash Close, off Gainsborough Road,
Corby, Northamptonshire NN18 0QU
This freehold residential ground rent investment comprises
four recently completed two bedroom houses with parking. The
properties are currently let on 125 year leases to respective
private residential leaseholders at an annual rent of £549 per
unit, equating to £2,196. The properties are offered at a guide
price of £20,000 to £30,000.
CONTACT INFORMATION
For further information please contactSimon Parker, Head of Commercial Auctions
+44 (0) 20 7877 4513
Liz Williams, Savills Press Office
+44 (0) 20 7409 8140
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