Savills Auctions department has announced the catalogue for its next sale – its largest October catalogue in eight years – which will take place on 4 October 2022.
The sale features over 170 quality lots across the UK, with a mix of residential and development opportunities and a strong 30-lot development and commercial property section from lots 71 to 101.
Highlights include:
Lot 28 – Great James Street, London, WC1N 3DF – a Grade II listed townhouse of over 4,800 sq ft in the heart of Bloomsbury close to the Inns of Court, Holborn and the City. Brimming with original period features, the property is currently arranged as offices, with planning permission to convert to a five-bed house. Built circa 1721, Great James Street is one of London’s finest Georgian Streets – guide price £3,500,000
Lot 51 – Westhorpe House, Marlow, Buckinghamshire, SL7 3FJ – substantial freehold development opportunity, comprising a Grade II listed former manor house with an attached office building and detached Coach House, with grounds of circa 5.5 acres – guide price £6,000,000
Lot 75 – Church Lane, Kingsbury Green, London, NW9 8UA – of Interest to developers and investors, comprising 17 apartments (currently let) with potential for a roof-top development and car park with planning permission for 18 private apartments – guide price £5,200,000
Lot 19 – Eccles Road, London, SW11 1LX – vacant freehold two storey terraced house in a sought after residential location close to Clapham Junction – guide price £725,000
Lot 40 – Ruskin Park House, Champion Hill, Camberwell, London, SE5 8TN – a two-bedroom purpose built first-floor flat with a balcony – guide price £340,000
Lot 82 – 21 Northbrook Street, Newbury, RG14 1DJ – a prime retail investment forming part of an established shopping parade in the centre of Newbury, of interest to investors and developers. Currently let on a 10 year lease with future development potential to convert the upper floors to residential use – guide price £490,000
Jeremy Lamb, Auctions Director at Savills says: “With over 170 lots across London and the country, our eighth auction this year offers another good-sized, multi-sector catalogue with some fantastic opportunities for bidders.
Of particular note are several high-value development opportunities, including a grade II listed former manor house with substantial grounds in Buckinghamshire guided at £6,000,000 and a residential apartment block with further development potential in London, guided at £5,200,000.
On the residential side, there are numerous project houses in desirable south London postcodes including Battersea and Wimbledon, guided from £650,000. These residential areas remain ever popular with buyers owing to their excellent transport links and proximity to green space.
We’re seeing encouraging pre-sale demand from both clients and vendors alike, and with an average success rate of 80% across our auctions so far in 2022, our October sale is showing promising signs”.
The post Huge development opportunities at Savills’ biggest October auction in years appeared first on Built Environment Networking.
