Highlights from Savills' July 2022 Property Auction

First up on our featured lot's this week is this incredible property, comprising of 112 flats split over 8 different apartment blocks. Situated close to Swinley Forest and just a 10 minute walk to Martins Heron railway station, the opportunities for wider development through demolishing and rebuilding are countless. It hit a sensational hammer price of £17,760,000.

Next up this week is this three storey house located in the heart of a sought after area convenient for the amenities of Maida Vale and Nottinghill. Whilst it's in need of complete modernisation and refurbishment, it's the perfect project for builders, developers and owner occupiers.

It's not every Tuesday somebody buys a Sainsbury's Local at a property auction, but this lot hit the hammer at £776,000. It's an investment let at £51,194, entirely let to Sainsbury's, on a 15-year lease expiring in 2030. Located on a prominent corner within a residential neighbourhood in Nuneaton, it offers plenty of future development potential or income for investors.

Next up is this beautiful Grade II-listed Mansion in Matlock Bath, Derbyshire, situated in 34 acres of woodland. It's previously been rented out via Air BnB, generating gross incomes of £400,000 per annum and has potential for holiday let businesses, multiple flats, or hotel dwellings (with lapsed planning permission for a hotel with 28 guest bedrooms).

Last but certainly not least is this property comprising of two detached houses together with a plot of land to the rear. The houses are currently let, producing £34,633.56 per annum, with plenty of potential for redevelopment of the site subject to requisite consents. It's Surrey-based location is close to Gatwick Airport and Horley railway station, so the opportunities are endless.