Recovery Department growing from strength to strength
The Recovery Department have had an exceptionally busy year, acting primarily for a number of Banks and secondary lenders. The types of LPA properties we have acted on in the past have been very varied and below we highlight a few of these.
As a general practice, our main geographical area has always been traditionally within the M25, where we have been particularly strong in North and East London and the City fringes, where we have carried out a number of open market transactions, valuations, rent reviews etc.
Alexandra Avenue, Harrow, Middlesex
400 flats in 15 separate blocks, on a variety of tenures. We took over the running of the management company. This instruction included a major refurbishment programme of the individual blocks and vacant flats. These were then subsequently sold off to owner occupiers. We then sold the freehold interest.
SALE PRICE: £17 million
Commercial Road, Swindon
Disposal of a block of 14 flats and commercial unit below to a major Plc.
High Street, Thatcham, Berks
Disposal of a site with planning permission for ten residential units and two retail units below.
Kirkham, Sydenham
Land sold for future residential housing scheme.
SALE PRICE: £4 million
Wimblington, Cambridgeshire
Sale of a 4,900 sq ft industrial unit to an owner occupier.
SALE PRICE: £200,000
Hildenborough, Kent
Sale of 12 new-build houses. Prices ranging from £280,000-£495,000.
Oxford Road, Reading
Site for disposal with planning permission for 8 residential units.
Bensham Manor Road, Croydon
Disposal of a development comprising 6 flats.
Crossbrook Street, Herts
Disposal of shop and upper parts (2 flats)
1270, 1272, 1282 & 1284 Uxbridge Road, Hayes
Mixed use blocks sold
SALE PRICE: £6.5 million
Islington, London N1
Sale of nine shops and upper parts.
SALE PRICE: £9.25 million.
Stamford Lodge, Amhurst Road, London N16
A block of 60 flats, sold with a variety of tenures.
SALE PRICE: £10 million
Ellerston Lodge, Finchley, London N3
Block of 20 flats, in a variety of tenures, freehold sold.
SALE PRICE: £2.5 million
Royal Docks
Sale of a portfolio of flats in the Royal Docks, flats ranging from 950 sq ft plus. SALE PRICES: from £400,000 per individual unit.
School Road, Messing, Essex
Sale of a part completed residential development, comprising seven houses.
SALE PRICE: £1.5 million
Hall Lane, Heybridge, Maldon
Sale of a 4-acre site, with 52,000 sq ft of existing space, for potential redevelopment. £1.5 million.
Wickham, Essex
Sale of a 20,000 sq ft warehouse and office building to an owner occupier.
London Road, Isleworth, Hounslow
Sale of nine studio flats, producing an annual income of £60,000 pa exclusive.
London Road, Leigh on Sea, Essex
Disposal of a secondary retail parade, comprising approximately 5,000 sq ft of retail space.
Southend, Essex
20,000 sq ft industrial unit for sale to an owner occupier
1332-1338
London Road, Norbury, SW16
Sale of a parade of secondary retail units with planning permission for 6 flats above.
Moor Lane, Upminster, Essex
Sale of a secondary retail unit, with the upper parts sold off producing £12,000 per annum exclusive. SALE PRICE £134,000
Broad Walk, Pinner Road
Sale of a ground floor lock-up shop investment.
SALE PRICE: £250,000
52-56 Camden High Street, London NW1
Block of shops and upper parts sold.
SALE PRICE: £2 million
62-64 Well Street, Hackney, London E9
Block of shops and upper parts sold.
SALE PRICE: £1.5 million
Ashley Road, London N7
25,000 sq ft factory, long leasehold sold.
SALE PRICE: £1.25 million
Highbury, London N5
Sale of 4,500 sq ft office building with development potential.
SALE PRICE: £850,000
Muswell Hill, London N10
Disposal of a block of 4 flats. SALE PRICE £ 500,000.
Lunham Road, London SE15
Sale of freehold block of nine flats on an individual basis.
SALE PRICES: from £140,000.
Beardeal Street, London SE19
Sale of site with previous planning permission for 3 flats.
Brockley Road, London SE4
Disposal of shop and upper parts (2 flats)
Whittington Road, London N22
Disposal of shop and upper parts (configured as 4 flats/studios)
Town Road, London N9
Disposal of shop and upper parts (2 flats)
Charles Street, Mayfair, London W1
House SALE PRICE £3.6 million.