Savills Announces Second Two-Day Auction, Showcasing Diverse Property Portfolio

Savills Announces Second Two-Day Auction, Showcasing Diverse Property Portfolio

(IN BRIEF) Savills is gearing up for its second two-day auction of the year on April 15th and 16th, in response to high demand for their online live-streamed auctions. The auction will feature a diverse catalog of 280 residential, commercial, and development opportunities across the UK. Highlights include properties such as a period family home in Chelsea, a freehold property with self-contained flats, a prime student investment near Plymouth University, and even a seven-bedroom art hotel in North Devon. Jeremy Lamb of Savills Auctions notes the exceptional demand and variety in the upcoming auction, emphasizing the popularity of their online auction format which has raised nearly £190 million across the quarter. For those interested, the full April catalogue is available on Savills’ website.

(PRESS RELEASE) LONDON, 5-Apr-2024 — /EuropaWire/ — Savills is set to host its second two-day auction of the year on 15th and 16th April, following strong levels of demand for the online live-streamed auction.

The mixed catalogue will feature 280 residential, commercial and development opportunities across the UK.

Highlights include:

Lot 126 – Ovington Street, Chelsea, London, SW3 2JA – Guide Price £2.95m

A period Grade II listed three bedroom mid terrace family home of approximately 1,461 sq. ft, in need of modernisation with patio garden and potential to add a mansard roof.

Lot 143 – 46 Redcliffe Road, Chelsea, London, SW10 9NJ – Guide Price £2.95m

A freehold property of approximately 2950 sq ft arranged as four self-contained flats. Each flat let on a separate tenancy agreement. Currently producing £131,040 per annum

Lot 209 – Richmond Lodge, 1 St Lawrence Road, Plymouth, PL4 6HN – Guide Price £1.25m

Prime student investment located approximately 50 metres from Plymouth University and fully let for 2023/24 and 2024/25 academic year. Investment let at £160,000 per annum.

Lot 65 – 87 Leonard Street, London, EC2A 4QS – Guide Price £1.2m

A three storey terraced building comprising a ground floor and basement former coffee shop together with first and second floor offices with potential to extend a create a mansard roof (subject to requisite consents). Well located for the amenities of Shoreditch.

Lot 202: Broomhill Estate, Muddiford, Barnstaple, EX31 4EX – Guide Price £900K

A 7 bedroom art hotel with sculpture gardens in an attractive woodland setting near Barnstaple in North Devon. The property benefits from manager’s and owner’s accommodation.

Lot 203 – Water Tower, Eagle Road, Bishops Green, Hampshire, RG20 4HP

Former water tower with consent for redevelopment/conversion to provide a single residential unit and associated parking.

Lot 55 – 43a Bell Street, Henley-On-Thames RG9 2BA – Guide Price £425K

A mid terrace property forming part of a busy shopping parade comprising of commercial unit at ground floor and ancillary/ retail space at first floor let on a new 7 year lease. Investment let at £36,000 p.a.

Jeremy Lamb of Savills Auctions comments; “Our April auction is the second sale this year to be held over the course of two days following an exceptional level of demand as we enter the ever-buoyant spring market. We have a catalogue of 280 mixed use, commercial and residential opportunities with something to suit all budgets – from water towers to hotels through to prime central London addresses.

Our online live-streamed auctions paired with our mixed catalogues continue to be a popular formula when it comes to selling properties on the rostrum. Raising nearly £190m across the quarter, there shows no signs of this slowing down any time soon.”

The full April catalogue can be found here.

For more information on Savills Auctions, visit www.auctions.savills.co.uk

Media Contact:

Jeremy Lamb
Director, Auctions
+44 (0) 207 824 9089

SOURCE: Savills plc