Barnard Marcus’ residential auction on 15 October raised a total of £19.2m, but a number of high-value plots went unsold despite strong bids.
The most expensive plot was the freehold on Zolf House in Leatherhead, Surrey, an unmodernised detached house on a 2.2-acre site with development potential. It was sold on behalf of St Trinity Asset Management for £920,000 to a private investor.
Amicus Horizon Group’s Willow Glen site in East Sussex, which has potential for a 42-flat development, went unsold despite a highest bid of £1.7m. And a vacant three-storey detached house at 35 Friern Watch Avenue in North Finchley, N12, on offer by order of the court, went unsold despite a final bid of £1.5m. Neither property advertised a guide price.
A three-storey building in High Street, Sheffield, also went unsold after bidding stalled at £740,000, while a pair of commercial and residential buildings on Kingston Road in Wimbledon, SW19, achieved a bid of £655,000 against a guide price of £775,000.
In all, 138 lots were sold out of 188 offered – a success rate of 74%. Most of the lots were in London and South East.
The sale was held at the Grand Connaught Rooms, WC2.
chris.berkin@estatesgazette.com
