A prime town centre investment in south-east London will go under the hammer in the Strettons sale on 29 October with a £7m-plus guide price.
The unbroken freehold residential and retail investment at 86-92 Lewisham High Street, SE13 (lot 2), produces £521,320 pa.
The investment – the most expensive lot in the sale – comprises a terrace of buildings located at the northern end of Lewisham High Street and is configured as four retail units and 14 self-contained flats.
Strettons director and auctioneer Andrew Brown said: “This is an attractive investment opportunity so, unsurprisingly, we have already seen significant interest.
“The properties are situated in a prime retail location adjacent to Lewisham Shopping Centre and close to Lewisham rail and DLR station. All residential units have been recently refurbished and are fully let so we anticipate that lot 2 will attract very competitive bidding on the day.”
Elsewhere in London, in South Woodford, E18, a freehold vacant 21-bedroom hotel with residential development potential (including change of use to children’s nursery or hostel) has a guide price of £1.7m-plus (lot 44). In Maida Vale, W9, a freehold residential investment comprising eight flats (two let on ASTs) and six ground rents with 61 years unexpired has a guide price of £730,000-plus (lot 25).
The sale of 52 properties also features several plots of land in London. In Walthamstow, E17, a freehold vacant site with residential planning permission for a three-bedroom house and two two-bedroom flats has a guide price of £450,000 (lot 1). In Surbiton, Surrey, KT6, a freehold vacant site with planning permission for a detached five-bedroom dwelling is guided at £525,000 to £550,000 (lot 11).
As with previous Strettons auctions, numerous land investments sold on behalf of advertising agency JC Decaux will go under the hammer. Located across the UK, from Dorset to Manchester, with prices ranging from £22,000 to £120,000, the sites are sold vacant with development potential subject to all necessary consents.
Strettons has so far raised £42m for clients at remote auctions since the start of the Covid-19 pandemic.
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