Investments, Investments, Investments...........................................

I have now been trying for the best part of 3 years to get some investment business 'over the line' and I never envisaged for one reason or another how difficult it was going to be.

 I thought that having been in residential sales for 30+ years during which time I have sold hundreds of properties throughout London and the suburbs, that changing over to investment stock would be just as straight forward. Clearly I was wrong, the investment market is a real 'beast' promising an awful lot, but in my case delivering very little.

 I can think of at least 6 investment deals that I have agreed, and which would have taken a personal work in progress to in the region of £100,000 and seemingly at the time well placed to progress. Boy was I wrong as things were falling out of bed as quickly as I put them in.
 The highs and lows, a real roller coaster business full of ups and downs, and the downs really deflate!

I saw this as another challenge (I love challenges) and one that I was well prepared for, and realizing that 3/4 of these well priced deals a year would suffice and allow myself and my partner a good life style.
A land sale was agreed in Surrey to a couple of Irish gentlemen, supposedly partners and seemingly sincere-until just before exchange of contracts they fell out with each other, and the plug was pulled on this deal.

Over in Dockland, a deal what dreams are made of was agreed on a large development due for completion in approximately 2017-numerous phone calls, paper work, etc etc all looking good. This deal was on and off at least 10 times over the course of 6 months. Seemingly we were told a catalogue of lies by the prospective buyer, and who never was. Unbelievable but true.

In north London a development opportunity went to best and final offers and pleasingly my clients offer won the day and negotiations started. It took the seller several weeks to get any legals out much to my frustration and of course my clients. Following several weeks of progression, surveys etc being carried out we had our first problem and i was hit with a bombshell of having to reduce my fees by 50% to keep the deal together. The next bombshell was the seller decided to increase the contract price, despite calling for best and final offers originally (not sure how legal that is-but its all subject to contract) My client had requested a price reduction based on structural issues at the property only to be told by the seller that the property was to be re marketed. My client still wants to buy but clearly we have a shortfall.

These are just few examples of why perhaps I am better suited to revert back to more straight forward residential agency, all be it still keeping my investment side open just in cast by some miracle I am still able to put something together-never say never!

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I would like to take this opportunity to wish al...: I would like to take this opportunity to wish all followers a very happy and prosperous 2015. As we start the new year the phones  hav...

I would like to take this opportunity to wish all followers a very happy and prosperous 2015.

As we start the new year the phones  have already started ringing and new enquiries are being received, and with our concentration clearly focused on the prime London market place.

January’s 'top ten' deals we have so far received include;

1. Portfolio of 5 branded London Hotels

2. Mixed use development in Hertfordshire with planning

3. Permitted change of use in Surrey for 13 apartments

4. Planning for 16 apartments in London NW1

5. Mixed use opportunity in Streatham with development potential

6. Purpose built block in Maida Vale with development potential.

7. Planning for 16 apartments in Battersea

8. Pre planning for 3 luxury apartments in fashionable London SW7

9.Planning for 12 x 1 bed and 3 x 2 bed apartments in Brentford

10. North London Development with potential for 60+ apartments subject to planning

If you require further details please let me know

07879 475 019 or e mail me at

terrycarr1953@gmail.com

URGENTLY REQUIRED-FOR CLIENTS

Land with or without planning

HMO's

Off market Hotels

Buildings with development potential

Commercial buildings

Mixed use opportunities

If you can assist with any of these requirements, please let me know?

Frustrations Increasing

With our negotiations in our Canary wharf deal continuing in to another week and our expectations and frustrations increasing-this is a deal we really need to happen-We are also in need of similar deals in the area, new builds and off plans, if anyone can assist please call me on 07879 475019

A development in Essex with planning for 88x 5 bedroom houses has become available and interest levels are good with offers sought circa £14.5m

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Position sought- Full/Part time with busy residential sales department in London or Sussex-Offers invited 07879 475 019
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A couple of developments where deals were expected remain on the market, in London W1, and North London N22 ,one with planning for residential development the other having lapsed planning for 9 residential apartments on being offered at £2.5m and £1.6m.

Several new Hotel opportunities have been received including one in Mayfair, and two others which are off market in prime London locations. Prices between £100m-£300m.

Back in North London an office building with planning to develop 36 one and two bedroom apartments plus two penthouses. A suggested GDV of £15-£16m
and available for £6.8m
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Property finders required; to help source investment/development opportunities in London, Surrey and Sussex. Excellent commission potential based on 50/50 share if introduction leads to a satisfactory conclusion. If you are interested, please call me on 07879 475019
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Over in West London we have received details of an interesting character style 8 bedroom unmodernised house in the popular Brook Green area and currently arranged as four flats with scope to add a further two apartments on the mansard and subject to planning. Offers invited circa £5.75m

In glorious Sussex we have a number of development opportunities including parades of shops and an office building with planning for change of use to a number of residential flats plus commercial.

Mayfair presents two interesting development opportunities from commercial to residential subject to planning price £8.5m and £11m.

With the kids going back to school we are reminded of an excellent new build student accommodation scheme in Wembley with planning for 450 student units available for £45m
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We deal directly with investment buyers and developers and are always in need of the following; Land with or without planning, off market Hotels, dilapidated/run down buildings,commercial buildings,blocks of flats, off plan opportunities, and riverside developments.
If you can assist with any of these requirements, please call me on 07879 475 019
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New opportunities

Several new investment opportunities this week including a portfolio of 33 apartments in Reading, a block of 13 apartments in East London, 50 flats in Barnet and an exciting opportunity in Canary Wharf.

New Barnet comprises 50 flats, 11 of which are sold on long leases, 43 x 2 beds, 2 x 3 beds and 5 x 1 beds currently producing c 494,129 pounds per annum and includes parking. It is believed there could be further development potential (subject usual consents) available circa 11m Pounds

East London, an unbroken freehold development close to the City and Aldgate underground station comprising 13 newly refurbished apartments (includes 2 penthouse apartments) 7 x 2 beds, 4 x 3 beds and 2 x 1 beds, over ground and 4 upper floors with lift, 13,279 sq ft to be sold with full vacant possession Offers in the region of 17m pounds

Reading Berkshire, located 5 minutes from Reading Station a portfolio of 33 apartments Asking 4.667.000 pounds

Canary Wharf; Planning for 338 keys (35 sq m) scope to increase to approximately 450 keys  subject to planning, NIA 135 sq ft. The development is to be delivered 'turnkey' Price on application.
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URGENT REQUIREMENTS-CAN YOU HELP?
OFFICE BLOCKS & FREEHOLD BLOCKS OF FLATS-WITHIN THE M25
OFF MARKET 'TROPHY' HOTELS-PRIME LONDON
LAND WITH OR WITHOUT PLANNING-LONDON, SURREY AND SUSSEX
MIXED USE OPPORTUNITIES
BUILDINGS FOR CONVERSION IN TO FLATS
COMMERCIAL BUILDINGS
RUN DOWN/DERELICT BUILDINGS
HIGH YIELD PRODUCING PROPERTIES
PORTFOLIOS

If you can help with any of these requirements, please e mail me details;
terrycarr1953@gmail.com
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