■ A busy room at Barnett Ross’s latest sale on 25 October produced a 93% success rate and total sales of £19.7m. The highest price achieved was £1.8m for lot 14, a shop with eight flats and a double garage in Borehamwood, Hertfordshire, generating £91,912 pa. The sale price reflects a 5.1% yield. Another notable lot was lot 9, a high street property in Edenbridge, Kent, let to DP Realty trading as a Domino’s Pizza takeaway and producing £14,500 pa. It sold for £300,000 – a 4.8% yield. The property was sold for former England cricketer Mark Ramprakash, who will be providing a personal signed cricket bat to the buyer. Lot 5 – 171 High Street in Rochester, Kent – sold prior to the auction for former England cricket captain Alec Stewart, who will also be providing a personal signed cricket bat to the buyer. However, a second property owned by Stewart, a high street shop let to Holland & Barrett with store rooms above, in Pershore, Worcestershire, went unsold after bidding reached £196,000. It is available at £199,000.
■ Auction House London raised just under £17m from 65 lots at its latest sale on 31 October, notching up a 73% success rate.
A 5.8-acre plot of land in Clacton-on-Sea, Essex, with permission for 47 bungalows and two houses was sold for £2.9m prior to auction, guided at £2.75m-plus. A commercial and residential scheme on Trafalgar Road, SE10, producing £50,400 pa, fetched £627,000. It was guided at £600,000 and was sold with planning permission for a two-storey rear extension to convert the upper floors into two one-bedroom flats.
■ Ground rents on a terrace building arranged as six flats in Maidstone, Kent, sold for 50% above reserve at Clive Emson’s Kent and South East London sale on 30 October. The investment, guided at £20,000 to £22,000, was sold for £30,000, reflecting a gross yield of 4%. The sale at the Clive Emson Conference Centre, Maidstone, raised a total of £14.9m, with an 80% success rate. A block of four AST flats in Folkestone, Kent, sold for £220,000, reflecting a gross yield of 8.28%. A 0.06-acre site with a disused telephone repeater station next to Folkestone Road near Dover fetched £42,000 against a guide of £20-25,000.
■ Philip Arnold sold 62% of its catalogue on 30 October, raising £3.3m. Eight out of 13 properties offered sold, including a three-bedroom house in Acton, W3, which sold for £750,500 against a guide of £720,000. A two-bedroom thatched cottage in Chulmleigh, Devon, was sold on behalf of the Government Legal Department for £101,000 against a guide of £95,000. The sale took place at Doubletrees by Hilton, W5.
To send feedback, e-mail julia.cahill@egi.co.uk or tweet @egjuliac or @estatesgazette
