Strettons Property Auctions

31st March 2022

Commercial & Residential Nationwide Auctions

Strettons’ 7 April national property auction sale features 51 properties from across the UK, with prices ranging from £100 for a strip of road in Chigwell to £1.5 million for a large freehold residential investment comprising 7 flats in Haringey, currently producing £96,060 per annum.

Other notable properties include a freehold vacant terraced period house for repair with extension and development potential guided at £700,000 plus, and a freehold mixed use retail, restaurant and residential investment in Kilburn which has a guide price of £1 million plus.

Set to attract attention is Lot 3, 25 Hall Gardens Chingford. This 2 bedroom leasehold ground floor flat for repair and improvement has its own access and is within a short walking distance of the popular Chingford Mount. The property has a guide price of just £45,000 - £50,000.

Strettons Director and Auctioneer Andrew Brown comments: “Lot 3 is in need of repair and improvement and the lease will need to be extended within the next 12 years. However, even taking into account those costs, this could be an excellent opportunity for the right person to give this property a new lease of life and create their own long term home in a popular part of Chingford.”

The sale features a range of sites with development potential, from full sites to properties with the potential for significant expansion. As with previous Strettons sales, a series of land development sites sold on behalf of JCDecaux will also go under the hammer.

Commenting on the sale, Strettons Director and Auctioneer Andrew Brown said: “I am pleased with the catalogue and think we have properties that will appeal to a range of investors. Many of the properties are already generating healthy yields or have the potential for investors to add significant value to them so I am looking forward to seeing how they perform on the day.”

The April auction will take place at 12 noon on Thursday 7 April and will be live streamed with remote bidding only.

For further information: 020 7637 4000 auctions@strettons.co.uk  https://www.strettons.co.uk/auctions/

A lot to give back We are proud to announce that we will be supporting Bow Foodbank at our April sale by donating £100 for each lot sold.

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