84 lots, £119m revenues!

first_imgHome » News » Agencies & People » 84 lots, £119m revenues! previous nextAgencies & People84 lots, £119m revenues!The Negotiator22nd November 20160557 Views A busy saleroom delivered a strong set of results at Andrews & Robertson’s September auction, at The Grand Connaught Rooms, London. It raised £11.9m from 84 lots with several significant lots close to exchange post auction. The 82 per cent success rate is one of the highest posted by UK auction houses this month.The largest lot sold under the hammer was a freehold three floor semi-detached house in Cornford Grove, Balham, previously a care home. Bidders spotting the development potential pushed the lot above it’s guide of £950,000, to £1,140,000.Chairman Robin Cripp said, “This was a very encouraging sale. We are seeing sustained investment demand across all sectors, and in particular, for development opportunities, where if the lot is priced sensibly, the buyers are there regardless of whether planning permission is in place.”Andrews & Robertson auctioneers auctions September auction November 22, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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