Friday, 5 September 2014

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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Thursday, 21 August 2014

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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Tuesday, 19 August 2014

Close to the City of London
An unbroken development of thirteen 1,2 and 3 bedroom newly refurbished apartments close to Aldgate station and the City, 13.279 square feet and including two penthouse apartments all served by a passenger lift and available Freehold from the end of November 2014. Offers this this fantastic investment opportunity are invited circa 17m pounds.
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'TROPHY' Hotel urgently required in prime London locations, preferably off market, 4/5 stars, 100 rooms+ for a fully retained client who has a budget circa 100m pounds-If you can help please call me on 07879 475 019 or e mail details to; terrycarr1953@googlemail.com
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Within commuting distance of London in Reading Berkshire we have a residential portfolio for sale comprising 33 apartments located 5 minutes from the station and opposite a major shopping Mall. The price guide here is 4.667.000 and full details on request

An interesting HMO opportunity came through this week in Gloucestershire, 2 x 6 bedroom houses recently refurbished and producing 36,000 per annum with a new 5 year lease agreement. Asking 500,000 for the pair.

Back in East London, a development with planning for 7 apartments, 4 x 1 beds, 2 x 3 beds and 1 x 2 beds situated within 0.5 miles of Shadwell station. There is a lot of interest in this development and offers will need to be in excess of 1.55m
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I have clients URGENTLY looking to buy land with or without planning in London, Surrey and Sussex from single to multiple development potential-please call me on 07879 475 019 if you can help
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In central London we have a lucrative 4 star Hotel opportunity currently offering 56000 square feet with planning to increase to 56000 square feet, 64 rooms and 4 apartments. We are asking 50m pounds.

A reminder of a couple of exciting schemes we have available, one at home the other abroad;
Opposite the famous Lords Cricket ground in St Johns Wood, planning for 132 apartments, and the other is an Island 4 miles off the west coast of Sardinia in Italy, 1.25 miles long and 0.5 miles wide 1.4m pounds. Details of both opportunities are available on request.
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If you are an investor looking for that next residential investment, let me help source it for you-send me your requirement details to; terrycarr1953@googlemail.com
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Friday, 15 August 2014

PLENTY OF OFFERS
Despite the fact that many clients are still away on annual vacations, we have noticed this week more offers coming through, and hopefully several new deals being agreed.
New opportunities this week include a fabulous four star Hotel in a much sought after part of London featuring 64 rooms and 4 apartments, 53000 square feet. The property also benefits from planning to increase the size to 56000 sq feet, and is currently closed as the owner intends to refurbish and convert in to serviced apartments. Offers are sought here in the region of 50m pounds.

An interesting opportunity was received in one of London’s most well known suburban roads featuring a 36 room mansion, 27,000 square feet and set in 2.5 acres. The property was originally marketed circa 65m pounds, subsequently valued at 45m pounds and due to financial difficulties is available for 27m pounds.

A lot of interest this week in a development we are marketing in North London where planning was given (lapsed now) for 9 residential apartments, 6 x 2 beds and 3 x 1 beds plus 2 commercial units on the ground floor. Offers invited in the region of 1.6m pounds.

In London W1 we are marketing a very attractive development opportunity with planning for 3 luxury apartments including a triplex maisonette, and ground floor commercial premises. Fabulous prime London central location and available for 2.5m pounds.

Land without planning is very much in demand and we have received details of several plots in and around the Surrey area, and if you would like further details please let me know on 07879 475 019.

We still have excellent demand for 'trophy' Hotels in central London 4/5 stars, 50 rooms+ and p[preferably off market. We are retained by clients find a Hotel that fits the bill and budget to 100m Pounds-If you can help please let me know on 07879 475 019.

In East London there is a lot of activity on a well priced residential development with planning for 7 apartments and including 2 x 3 beds, 1 x 2 beds, 4 x 1 beds and available for 1.55m pounds

In Hampstead, London we still have a development opportunity for 2 substantial 3 storey 6000 square feet houses and based on a potential resale of 2000 pounds psf and possible resale’s in the region of 12m pounds each and a gdv of 24m pounds. Offers are sought in the region of 11.5m pounds.

Not a million miles from Hampstead, and in St Johns Wood we still have available a spectacular development opportunity in one of London’s most sought after areas and opposite the famous Lords Cricket ground with planning for 132 residential apartments. Price on application.

We deal direct with retained clients and currently have URGENT REQUIREMENTS for the following and if you can assist please call me on 07879 475 019 or e mail me details to terrycarr1953@gmail.com
                                  *FREEHOLD BLOCKS OF FLATS
                                  *GROUND RENTS
                                  *OFF MARKET HOTELS
                                  *LAND WITH OR WITHOUT PLANNING
                                  *COMMERCIAL BUILDINGS
                                  *MIXED USE OPPORTUNITIES
                                  *RUN DOWN/DERELICT PROPERTIES
                                  *RESIDENTIAL PORTFOLIOS
                                  *HMO's





Sunday, 10 August 2014

NO LET UP;
Following another busy week and a number of new opportunities to start the new week including;

An undeveloped freehold island in Italy for sale; a fantastic and quite unique opportunity to develop this 81 hectare, 200 acre island close 4 miles off the west coast of Sardinia and Ori Stano/Cabras.
The Island is approximately 1.25 miles long, 0.5 miles wide and 60' above sea level. Past planning windows of opportunity have not been taken up, and remains of a few Shepherds huts may be rebuildable, and we are informed water is available.
The Island is available for £1.4m

Closer to home we have a couple of major development opportunities in Essex and SE London with one scheme for houses and the other an opportunity to buy a new block of apartments off plan. Further details are available on request.

In north Wales we have a residential portfolio available comprising 25 houses all let on AST's and offered with a 12 month rent guarantee and basic maintenance.
Offers in the region of £2,870,000 are invited.

Back in Essex details are available of a 22 room hostel/licensed HMO arranged in a period building with ample parking. Offers circa £2m

Anyone for golf? A well known Golf Course has become available not 'a million miles from London' and offering considerable residential potential, subject to usual consents, and details are available on request.

224 Residential apartment or Hotel scheme in Croydon, plus ground floor retail of 45000 sq ft, with offers invited in the region of £22m
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High demand currently for land with and without planning suitable for residential development from 1-200 units in London Surrey and Sussex-I have retained clients ready to buy-If you can help, please call me on 07879 475019
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Knightsbridge, London-opportunity to take advantage of planning to convert property in to a single dwelling, 3400 sq ft GDV £9-£10.5M asking £6m

Totteridge London, another potential development opportunity comprising approximately half an acre of greenbelt land with residential dwellings on 3 sides, for sale unconditionally £750k.

Mixed use opportunity in Middlesex comprising a retail unit with 4 flats above let on ast's and with a total income of £81k per annum, asking £1m
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URGENTLY REQUIRED-BY WELL FUNDED RETAINED CLIENTS-CAN YOU HELP?
Freehold blocks of flats
Commercial buildings
Mixed use opportunities
Properties suitable for multiple conversion
Off market 4/5 star hotels 50 rooms +
High yield producing investment property
HMO's
Run down/derelict property
iF YOU CAN HELP WITH ANY OF THESE REQUIREMENTS PLEASE CALL ME ON 07879 475019 OR E MAIL ME AT;terrycarr1953@googlemail.com
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Thursday, 7 August 2014

GRADE II LISTED
A fabulous former court house building has become available in Sheffield S3 8LT, 45,000 square feet, now in need of a complete overhall but offering a great deal of potential. Planning was granted in 2001 to convert the building to offices (planning reference 01/00979/lbc) incorporating a night club and bar.
Offers are invited circa £2.1m and if you would like further details please let me know.

On  a similar theme of night clubs, we have received details of a former club in Warrington, Chshire WA1 2BP approximately 7000 square feet, valued in2013 at £610k now available for £450k. The premises are over two floors excluding the basement and include a one bedroom flat on the top floor, 2 kitchens, front and rear parking. The local authority are keen for this building to be sold and may consider other uses favourably.

Coming back to the south and in East London we have received details of a very interesting consented development opportunity with planning for 7 residential apartments comprising 2 x 3 beds, 1 x 2 beds and 4 x 1 bed. The site is situated in a popular part of regenerated East London and is sure to be of considerable interest. The guide price here is £1.55m and if you would like to inspect the plot or require further information, please let me know.

High demand; We are experiencing high demand for land with or without planning, and if you have or know of anything in and around the London, Surrey and Sussex areas we will be interested to hear from you.
We have developer clients urgently looking to buy sites of 1-20 units in south east London and based in the following boroughs; Lambeth, Lewisham, Bromley and Croydon-CAN YOU HELP?

Hampstead, London NW3, details have just been received, planning for two substantial three storey detached houses, each 6000 square feet in a prime residential location and available for £11.5m with offers being invited.

Not a million miles from St Johns Wood we are experiencing good levels of interest in a fantastic development opportunity close to Lords Cricket ground and where planning has been granted for 132 residential apartments. Offers here are invited circa £118m.

REMINDER-EAST LONDON, We still have a very interesting development opportunity (subject to planning), 52,100 square feet, currently mixed use, and offering considerable residential potential.

CLIENT REQUIREMENTS-CAN YOU ASSIST?
We are retained by clients looking to buy Freehold blocks of flats, off market 4/5 star Hotels 50 rooms+, HMO's, commercial buildings suitable for change of use,
Launderettes, Gaming clubs/casinos, derelict/run-down property, properties for conversion in to multiple units.

Tuesday, 5 August 2014

Terry Carr Residential: London probably the safest bet for consistent capi...

Terry Carr Residential: London probably the safest bet for consistent capi...: London probably the safest bet for consistent capital growth. With more and more overseas investors registering to buy prime London reside...

Terry Carr Residential: London probably the safest bet for consistent capi...

Terry Carr Residential: London probably the safest bet for consistent capi...: London probably the safest bet for consistent capital growth. With more and more overseas investors registering to buy prime London reside...

Terry Carr Residential: London probably the safest bet for consistent capi...

Terry Carr Residential: London probably the safest bet for consistent capi...: London probably the safest bet for consistent capital growth. With more and more overseas investors registering to buy prime London reside...
London probably the safest bet for consistent capital growth.

With more and more overseas investors registering to buy prime London residential/commercial stock, London is now regarded by many as being the best place for capital investment and long term growth.

I have buyers registering from various parts of Europe and further afield wanting to buy portfolios of property, serious buyers with substantial funding to make speedy purchases.

Established Hotels are very much in demand, particularly those which are 100% off market, 4/5 stars and 50 rooms+. We currently have several and including a fabulous 90 bedroom 'trophy' hotel in St James on offer in excess of £85m and another one overlooking the river Thames, 460 rooms + planning for a further 200 rooms for a cool £264m. An interesting opportunity has become available, minutes from Hyde Park and comprising several adjoining Hotels, in need of refurbishment/improvement and asking £27m.

A number of opportunities further afield have been received including an excellent potential development opportunity in Cheshire, and a substantial portfolio of houses in Wales all let on AST's  and with 12 months income guaranteed.

Student accommodation has also become sought after, and we currently have
a new build scheme under way in Wembley Middlesex comprising 450 units expected to be completed by June 2015, asking £45m and with plenty of early interest.

Anyone for Golf? We have received details of a well known golf course for sale a few miles from London and with potential for development, price and further details on request.

Or Essex? A number of interesting properties including a portfolio of mixed use properties, commercial/residential, properties let to 'Blue Chip' clients, Hostels/registered HMO have been received, all competitively priced and further details on request.

One of London's most famous roads, The Bishops Avenue has four individual plots of land for sale with a consented scheme to build a substantial luxury house on each and available for £40m. Individual purchases may also be considered.

We have details of a very interesting scheme in East London, circa 52000 sq ft, currently mixed use but with potential for a sizeable residential development subject to planning, asking £5m .

END USERS; A number of newly refurbished houses and apartments have become available for sale including a luxury 2 bed 2 bath apartment in the fashionable Paddington Basin development asking £1,095,000 and a luxury 6 bed 4 bath house over 5 floors close to Hyde Park for £7.35m

We currently have URGENT demand for the following and if you can assist please contact me on 07879 475 019 or e mail me at; terrycarr1953@gmail.com

Land with or without planning* Off market Hotels* commercial buildings with residential potential* High yield investments* Dilapidated buildings* freehold blocks of flats* property suitable for conversion* ground rents* HMO's


Monday, 4 August 2014

INVESTMENT BROKERAGE

For the last six months I have been concentrating on building up an investment portfolio for a growing number of investor clients on my books and this has proved to be very frustrating and of course with no guarantees at the end of the day. Deals are being received on a daily basis, land with planning, mixed use opportunities, Hotels, and property with growth potential.

 Many of my colleagues supplying investment deals assure me that much of what they send is 'off market' but nine out of ten times I discover its not and has in fact been doing the rounds for ages, and adds to the frustrations of this business.

Circumvention is another problem, who can you trust, it seems there is a high percentage of brokers out there who wont think twice about circumventing, or going behind our back and tracking the vendor or mandate and subsequently I have removed a number of brokers from my mailing list.

Some of the development deals to come my way include a new build scheme for 90+ luxury apartments in Canary Wharf, residential scheme in Croydon town centre to provide 200+ residential apartments, a mixed use site in east London in excess of 52000 sq ft with potential for residential development, several prime London Hotels, a hotel in Lourdes France, a commercial building in Hertfordshire with permitted development for residential scheme.

Deliver ability has been another problem to address, and on a number of occasions when I have thought progress was being made only to discover that many of these opportunities could not progress further due to lack of information, or introducing brokers too far away from vendors/ mandates to achieve positive results.

Brief details of some of the stock we are currently offering;
Planning for18 houses + 8 apartments in Clapham
56 Apartments close to Manchester city centre
132 apartments in St Johns Wood
Building comprising 18 studio apartments close to Hyde Park, London
Grade II listed 13 bedroom house in Belgravia
4 individual plots of land with planning for luxury houses-in one of London’s most famous roads
Office building in Mayfair with planning for a residential dwelling
East London, 50,000+ sq ft potential for substantial residential development
East London, property arranged as 3 flats producing 371,500 per annum
Middlesex, mixed use opportunity, shop + four flats
Essex, Hostel/licensed hmo 22 basic rooms
North Wales, portfolio of 25 houses all let with 12 month rent guarantee
Knightsbridge, London planning to convert premises in to a single dwelling house, 3400 sq ft
 I f you would like further information on these and many other investment opportunities, call me on 07879 475019 or e mail me at; terrycarr1953@googlemail.com






Terry Carr Residential: Terry Carr Residential: 60 NOT OUT!

Terry Carr Residential: Terry Carr Residential: 60 NOT OUT!: Terry Carr Residential: 60 NOT OUT! :                               This is part one of my blog featuring a humorous and light-he...

Terry Carr Residential: 60 NOT OUT!

Terry Carr Residential: 60 NOT OUT!:                               This is part one of my blog featuring a humorous and light-hearted look back highlighting almost 6...

Tuesday, 18 March 2014

60 NOT OUT!

                             

This is part one of my blog featuring a humorous and light-hearted look back highlighting almost 60 mad moments in my 'crazy life' as an Estate Agent which I am sure many of you will be able to relate to.


I started to panic once my School days finished and reality struck home; it was now time to face the big world in search of employment.

My parents had hoped for great things from their youngest son, and set about it the right way (well that’s what they thought) sending me to a private School in Essex with the hope that this would help broaden my rather shallow mind and help me achieve academic excellence.

To be perfectly honest my own hopes were based on less academic qualifications and more on a dream like lots of kids of 17 have, and that was to be a professional footballer and play for my beloved Leeds United, become a top disc jockey with my love of pop music or a sports journalist reporting on matches from Elland Road. Who was I kidding?

My academic achievements in view of my dreams were limited to just 5 'O' level passes and any prospects of University thereafter just vanished and I was left with a real dilemma:What to do now?

The big wide world beckoned and I hadn’t really got a clue what I wanted to do with the rest of my life now that any hopes of becoming a professional footballer or disc jockey had all but disappeared. A career was required.

My father was a Pharmacist and had hoped that one of his three kids would have chosen a career in medicine, following in his footsteps, but none of us took that route, although I think I may have momentarily considered it.

I was sixteen and a half years old when I left School and  faced with the biggest decision I had ever have to make. It was difficult. Friends with more academic qualifications were either University/college bound, going in to family businesses or joining various professional practices.

The search for employment started and I began scouring local newspapers for job adverts and I came across an intriguing vacancy for an 'outdoor clerk' within a solicitors office, impressed at the prospect of working within legal circles I rang the company and an interview was arranged.

Being very young and quite naive I was offered and I accepted the position of outdoor clerk, which basically entailed visiting the law courts chambers in London getting various documents stamped for legal processing etc which was all very boring and I was constantly harassed by barristers and judges for visiting the wrong chambers or arriving late.All this for the grand sum of £30 per week. Six months later, much to my parents disappointment, I decided the legal profession wasn’t for me and it was time to move on and back to the drawing board.

The sound of 'Bow Bells'  was my next venue joining an advertising company as an outdoor clerk, a mind blowing position involving the locating and removing of adverts of certain media the company was responsible for publishing on behalf of clients. I was receiving £50 per week for a sharp pair of scissors and eyes. This really wasn’t me, so after a year I had already had had two jobs.

At this point of my life I began to have many regrets and 'if onlys'.

Back to the news papers situations vacant column and I noticed a 'local' position
15 minutes from my north London home. There were just two things wrong with it; firstly it was with an Estate agency and secondly it was next to a cemetery.
The thought of ever working for an Estate agency was never something I contemplated as they always struck me as similar to used car sales people or similar, all be it I did enjoy a game of Monopoly.

Following an interview with the branch manager, Mr White, a middle aged Rotarian, I was offered the position of junior negotiator with a princely salary of £50 per week working in a regimentally organized office overlooking the cemetery and my life began!

My job was basically was to watch, listen and assist Mr White and other colleagues with the day to day events in an Estate agency office which of course included making everyone tea or coffee on a daily basis and sometimes 3-4 times a day.
Following two disastrous previous jobs I had found a job I was actually enjoying, watching others make money, and my hunger began to grow. Mr White could see that I was getting impatient to get more involved and gave me the opportunity to get involved in sales and deal with the public and I began to SELL SELL SELL. I liked this particularly as the £50 per week basic salary soon began to double, treble, and quadruple with the addition of commission, and I thought before long I would be going home with a guarded escort. I have a lot to thank Mr White for as he was a good teacher, had a lot of patience and a gentleman. I worked here for about a year and a half and then it was time to move on, and move house, as my parents bought a property in leafy Mill Hill, a nice part of north west London.

It didn’t take long to get established with a new Estate agency, this time five minutes from my home and next to a Kosher Butcher's shop who used our rear yard for their discarded pieces of meat!

This was my opportunity to come in as a negotiator and get stuck in to sales straight away with Tom ( who drove an ex-police jaguar) and a very nervous chartered surveyor for colleagues. I was really enjoying life here, doing plenty of sales and increasing my limited experience daily. Unfortunately within six months the company was sold to people who were better known for running supermarkets, and time for me to move on.

Kilburn was next on my radar, a father and son run business and a true leader in the area. The office was located beneath a railway bridge, and I soon became familiar with the times of trains, and the frequent vibrations of the office shaking every time a train passed.
This was a really busy office, and I got straight in to things and before long I was agreeing plenty of sales in north west London.
Within the space of 3 years the company was about to open its second branch in Cricklewood and next to a French Boulangerie, I only mention that because of its wonderful croissant prepared and made in the premises, and normally joining me with my first cup of tea of the day.

This was a great opportunity for me to step in to branch management and get a branch running from cold. I was about 22 at the and truly excited at the prospect. My first task was to employ a secretary, and Pamella was soon on board. Slightly over excitable Pamella soon settled in and we became a two person team which worked well.

Within the first six months the area was festooned with our for sale and sold by boards, and quicker than anticipated we had become a major force in the area, and the local renown Hocroft Estate was feeling our force as one after the other properties there went under offer. Infact so impressed was a local solicitor living on the Hocroft Estate, she arranged a meeting strongly expressing her desire to act for a number of our clients, and this proved quite a long relationship.

I will never forget a certain regular Irish caller who made a point of phoning me on a weekly basis, and basically threatening to 'blow my legs off', well I’m pleased to say I still have both legs, and I never did meet the caller.

After five years working in Kilburn and Cricklewood, a good friend of mine who was working in Golders Green rang me asking if I would like to pop round and have a word with her boss who was looking for a new branch manager.
Golders Green was to become an interesting area for the next 7/8 years and probably the busiest office to date that I have ever worked in.

Strange shaped office long and narrow, being a half shop, the other half occupied by a ladies clothes shop. The office was quite traditional, with very old fashioned tinny looking desks and exceedingly uncomfortable chairs, but I didn’t let that bother me or the small team I was managing.
The company had two offices, this one and another one in Swiss Cottage, maybe three miles, where Peter the senior principle and his son ran the show.

We saw quite a bit of Peter at Golders Green, he was a nice 'old boy' and we all learnt a lot from him, and always looked forward to his visit on a Friday when we were paid and in cash.
With a fantastic register of property for sale, we were possibly the areas second leading agent behind Glentree who specialized more in the upper market and we concentrated on the 'bread and butter'.





                                          










Friday, 14 March 2014

The sun is out and activity levels are high as we quickly approach the Spring months, historically our busiest time of the year.

Demand from overseas investors is particularly high, with the UK economy on the up, and recognition that capital growth in the UK remains high.

I had an e mail yesterday from a US international global property investor looking to buy prime London 5 star hotels up to £100m, and luckily we currently have several in superb locations and hope that business may result.

I have retained clients looking to buy properties in London suiting conversion to flats, and with a budget of £5m we are confident that this requirement will be met.
We still have a number of interesting development opportunities both north and south of the river, and with both being sold with the benefit of planning. We also have an interesting development opportunity approximately 200 miles up the M1 in Sheffield, with planning for 1 and 2 bedroom apartments, available at the reduced price of £500k.

In central London, overlooking Hyde Park we have an unmodernised 3 bed 3 bath apartment, just over 2000 sq ft available for just over £3m and occupying a virtually unrivalled prime London position. It is felt that once the existing lease of approximately 35 years is extended, and the flat refurbished to a high specification it could realize circa £5m.

Several other central London properties (end users) have reached us this week including a 7 storey mews house by Hyde Park for £50m, a 6 bedroom Town house in Knightsbridge, over 6 floors, 4607 sq ft for £12m and a spacious lateral apartment in Mayfair, 3 beds 3 baths for £5m.

With demand currently so high we have demand for the following, and if anyone can assist please either call Terry Carr on 07879 475019, or e mail details to;
terrycarr1953@googlemail.com

Land with or without planning, London, Surrey and Sussex
Commercial buildings with residential potential
Mixed use opportunities
Ground Rents
Blocks of Flats
Off market London Hotels



Thursday, 6 March 2014

Terry Carr Residential: Well the ups and downs of Terry Carr Residential a...

Terry Carr Residential: Well the ups and downs of Terry Carr Residential a...: Well the ups and downs of Terry Carr Residential are set to continue and we apologise to our growing audience for the many months of silence...
Well the ups and downs of Terry Carr Residential are set to continue and we apologise to our growing audience for the many months of silence due to various reasons.
The last 12 months have seen various activities, having been asked to return to a former employer in Paddington London (big mistake) and have since resigned following a 'financial meltdown'. During this time Terry Carr Residential has been progressing with some interesting investment opportunities including Prime London Hotels, land with planning, and mixed use opportunities.

Demand for 4/5 star prime London Hotels is growing and I have recently come across a 'trophy' hotel 80+ rooms, 5 star in a fabulous part of London and on offer for a mere £80m. Several other Hotels have reached us, three of which forming part of an SPV and from 40+ rooms.

Several mixed opportunities have been brought to our attention, a couple in Camden Town featuring commercial premises on the ground floor and residential accommodation above, from £1.1m

We still have an interesting residential portfolio for sale comprising 15 houses/flats in the Scotland area, all let and producing a yield circa 6.7%.
Several development opportunities have come in  and in various parts of London
with planning and ranging from two most prestigious 7 bed 7 bathroom detached houses to 7 four bedroom houses. We also have a substantial site with planning for sale in Sheffield for just over £500k.

We took time out last week to get away for a long weekend in Amsterdam, a city I have never visited before and well worth it, with all its famous Museums, Van Goughs, Anne Franks House, and off course all those canals-not to forget the interesting design of their houses too.

Enquiries continue to flood in from investors and end users looking for all types of residential property including one enquiry for two houses in Mayfair withy B1 ground floor use, and if anyone can help here substantial funds are available for the right opportunity.

We are also looking for land with or without planning in London, Surrey and Sussex, as well as commercial buildings with residential potential.