A mixed-use investment in West Kensington, W14, will go under the virtual hammer in Strettons’ auction next week with a guide price of £1.15m-£1.2m.
The freehold on North End Road (lot 12) is made up of a ground-floor shop, basement nightclub and three flats and produces £69,000 per annum.
It is the highest priced lot in the catalogue of 63 properties, which is Strettons’ largest September sale since 2011.
Other highlights in the 16 September live-streamed sale include lot 1, a mid-terrace, three-storey freehold vacant office and upper parts on Clapton Road, Clapton, E5. Guided at £450,000-plus, it offers potential for residential conversion of the upper floors, subject to planning permission. It also benefits from its good transport links, with Hackney Central mainline station just under half a mile away.
Lot 2, a freehold two-storey double-bayed vacant house for modernisation on Manor Road in Leyton, E10, has a guide price of £425,000-£450,000. Situated in a popular residential area, the property is expected to attract interest from investors and owner occupiers.
In East Ham, E6, lot 7, a freehold commercial investment with development potential on High Street North is guided at £985,000. The three-storey terraced building comprises a ground-floor shop and two self-contained flats, both with two bedrooms and each with access from the rear of the building. The property currently produces £76,880 per annum and there is also potential to create three further flats at the property, subject to planning permission.
The sale will also feature the Admiral Owen, a Grade II listed pub in Sandwich, Kent. Lot 11 has been known as the Admiral Owen since 1832, but the timber-framed building dates back to 1546. Sold freehold and vacant, the pub in Sandwich town centre has the potential for conversion to alternative uses and has a guide price of £300,000.
In the sought-after village of Heachem on the north-west Norfolk coast, lot 10, a Grade II listed former school rooms and place of worship has a guide price of £180,000-plus. The property has potential for residential conversion and has previously been granted planning permission and listed building consent for change of use and conversion of the hall into a self-contained three-bedroom dwelling. This permission has lapsed.
Strettons’ auction director Andrew Brown said: “To have compiled our biggest September catalogue since 2011 in the current conditions is a credit to the team and I am looking forward to adding to the £25m we have raised for our clients during the Covid-19 lockdown.”
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