811
THE ESTATES GAZETTE
Mat 13, 1899.
and much speculation was rife as to the result. Messrs. Robins, Snell and Co., who have a very large connection with investments of this character, were the auctioneers concerned, the rostrum being occupied by Mr. Leonard T. Snell. The building has frontages of about 136ft. to Victoria-street, and 60ft. to Artillery-row, and covers an area of about 12,000ft. On the street level are 10 commanding modern shops ; the upper floors are arranged in three blocks of residential chambers and flats, with every modern convenience, including hydraulic lifts. For lighting purposes electricity is available in nearly all parts of the building. The rents (less service) amount to £7,247 4s. The whole premises are held under three separate leases for an unexpired term of about 85! years at ground rents amounting to £2,500 per annum, thus leaving a balance of £4,747 4s. The first of many questions answered by Mr. Snell, when the particulars had been read, had reference to the outgoings, which, it transpired, amounted to close upon £1,800, including rates and taxes, salaries, gas and electric light, hydraulic power, and fuel. One gentleman was anxious to know what profit was made on the catering, but Mr. Snell was unable to enlighten him on this point; • he, however, thought the receipts and expenditure were about even. Then followed a more important query. “ Has there been a profit on the whole estate and, if so, how much ? ” But Mr. Snell was unable to give a conclusive answer, giving as his reason that the accounts had been made out in such a manner that it was difficult to tell. A great deal of the money spent on the capital account had been taken out of the revenue. “ Undoubtedly,” said Mr. Snell, “ there has been a profit in the last two years, for I myself have paid certain sums to the vendors. This year I hope to pay twice the amount I paid last year.” It appears that about £1,000 had been spent on repairs in the early part of the vendor’s management, and that now no repairs were necessary. The valuation of the fixtures, which would have to be taken by the purchaser, would not be more than £1,000. Having answered the last question, the auctioneer proceeded to dilate upon the advantages of the Marl-borough-mansions, and particularly upon the prospect of increased rentals, upon which his estimate of £10,000 per annum was based. It appears that during the last three years the rents of the suites as they fell vacant have, in most cases, been considerably increased, and latterly, with such increase, they have been let on repairing agreements. Mr. Snell did not forget to mention that the drainage system had quite recently been reconstructed throughout at great cost, under the supervision of an eminent firm of engineers. When bids were invited an offer of £12,000 was immediately forthcoming from a representative of the Merchants Proprietary Company, Limited, St. Ermin’s Hotel, late St. Ermin’s-mansions, Victoria-street, who eventually became the buyer at £15,000. It is understood that similar properties have been secured by the same company in this and other West-end districts. Mr. E. H. Bousfield (Messrs. Fox and Bousfield) sold a net profit rent arising, for about 24 years, from some leasehold stabling and premises in Motcomb-street, Belgravia, for £6,200, and also one undivided moiety of the freehold property, known as the Imperial Mills, in Wenlock-road, City-road, covering a superficial area of about 20,000ft״ and let on repairing lease for 14 years at £400 per annum, for £5,000.
A large number of small
Investments. ProPs>-‘ies> both freehold and leaseholds, were left unsold. The investments disposed of included a residence in Lorne-road, Stroud-green, estimated rental £42 per annum, 79 yea1־» unexpired, ground rent £7, by Mr. W. T. Lambert (Messrs. Robson and Co.) for £430; a freehold corner shop in St. Peter’s-street, Islington, let on lease at £65 per annum, by Mr. John Wagstaff (Messrs. Wagstaff and Sons), for £1,040 ; two leasehold houses in Strattondale-street, Glengall-road, Cubitt Town, 42J years unexpired, net rental £28 10s., by Mr. Edmund G. Woods (Messrs. Woods), for £215 ; the 51 years lease of a house property in Roscoe-street
annum, 77! years unexpired, ground rent £6 103., for £310 ; a short leasehold house and shop in Exeter-street, Strand, gross rental £100 2s., landlord paying rates and taxes, 13 years unexpired, ground rent £16, for £400; and two houses in Kennington-road and the adjoining thoroughfare, Rich-mond-road, leasehold for 19 years unex-pired, together producing £85 per annum, for £500. Another auctioneer who sold everything was Mr. Geo. Head (Messrs. Geo. Head and Co.), the properties dealt with by him comprising a leasehold resi-dence in Lancaster-road, Westbourne-park, 64J years unexpired, estimated profit rental £50 per annum, which was sold for £450; leasehold stable premises in St. Luke’s-mews, Westbourne-park, held under similar conditions, estimated profit rental £45 a year, which fetched £485 ; and a dwelling house in Belgrave-road, St. John’s Wood, leasehold for an unexpired term of 51 years, profit rental £29 10a., which was disposed of for £410. In the room ׳,ceupied by Mr. F. T. Wiltshire (Messrs. Broad and Wiltshire), a block of four lease-bold dwelling houses in Victoria-road, Brentwood, producing £80 12s., landlord paying rates and taxes and all outgoings, 80 years unexpired, ground rent £8 each house, was sold for £630 ; and a leasehold family residence in Clifton-gardens, Maida-vale, estimated rental £90 per annum, 49! years unexpired, ground rent £20, for £610. At this auction the freehold manufacturing premises, No. 64, Tredegar-road, Bow, estimated to produce £300 per annum, were bought in at £5,000. Mr. John Mossop (Messrs. Bradshaw Brown and Co.) was responsible for the disposal of a corner dwelling house in Westbourne-road, Barns-bury, let on a yearly agreement at £42 per annum, and held on lease for an unexpired term of 61 years at a ground rent of £7 10s., at £380.
A number of country resi dences included in to-day's list proved unsaleable. A batch were offered by Mr. Bentley J. Bridgewater (Messrs. Debenham, Tewson, Farmer and Bridgewater), but the bidding in each instance failed to reach the reserve. The properties comprised Denbigh House, Lower Teddington-road, Hampton Wick, with stabling and pleasure grounds, in all about three quarters of an acie, freehold, which was bought in at £3,000 ; Ersham Lodge, Hailsham, with entrance lodge, stabling, outbuildings, small farmery, three cottages, miniature park, pleasure and kitchen gardens, and nursery ground, in all about 31a. 3r. 5p., freehold, was bought in at £8,000 ; Burton Firs, near Petwortb, Sussex, with stabling, grounds, etc., in all about 2a. 2r. 2p., freehold, bought in at £3,500. A detached family resideuce, known as St. Clairs, 50, Sydenham-hill, was offered with possession, and withdrawn at £2,750, when the bidding had reached £2,450. There were in Mr. Bridgewater’s list a number of freehold ground rents, secured upon dwelling houses in Hugon-road, and Breer-street, Wandsworth-bridge-road, Fulham, which were sold at 26 and 26f years’ purchase. The freehold malting premises at the corner of Breer-street and Townmead-road, covering a ground area of 16,190 square feet, and let on lease to the Camden Brewery Company, Ltd., at £250 per an׳ urn, did not attract a buyer, and were withdrawn at £4,800. Several plots of freehold building land, with 18ft. frontages to Wandsworth-bridge-road, were quickly sold at the same auction, the prices realised ranging from £8 103. to £10 per foot frontage ; while other plots, with frontages of about 16ft. to Breer-street, were sold at £6 10s. per foot. At an auction conducted by Mr. Wm. Houghton three villa residences in Chase-road, Woodford, Essex, producing £54 123. per annum, ground rent £7 103״ were disposed of for £870; whilst a house and shop in St. Andrew’s-road, Higham-hill, Walthamstow, let at £39 per annum, and held under a
Country
Residences.
long lease at £3 3s. ground rent, fetched £320.
Wednesday.
״	The Marlborough-mansions,
Nos• 77 to 103, Victoria-S.W. street, were, perhaps, the most valuable of the properties placed on the market this afternoon,
of over 20,000ft. The minimum value placed upon it was £50,000, which amount was fixed upon as the reserve, and as the highest offer was £44,000 the property was withdrawn. The land was then dealt with in lots, attention beiDg directed to several restrictions. There was a withdrawal in every instance. Before offering the freehold building land as above mentioned, Alderman Samuel Green succeeded in finding a buyer for Cromer Lodge, Cambridge-park, Wanstead, a freehold residence, with good accommodation, at £1,780 : and also five houses in Church-cresent, Lauriston-road. South Hackney, let to quarterly and weekly tenants, at rents amounting to £151 6s. per annum, and held under one lease for an unexpired term of about 52 years at a ground rent of £9 per annum, for £1,035. Investments	of	the ordinary class
were successfully dealt with at several auctions, a	few medium-sized coun-
try residences being sold at good prices. For example, a freehold detached house in Chertsey-road, Byfleet, with carriage drive, conservatory, kitchen garden, stabling, etc., and l! acres of grounds ; also a freehold house, with ornamental shrubberies, lawns, kitchen garden and stabling in Chesnut-grove, New Malden, were sold under the hammer of Mr. W. E. Phillips (Messrs. Nightingale, Phillips and Page), for £1,500 and £1,430 respectively. Nine long leasehold residences in Gloucester-road, Kings-ton-hill, were offered at the same auction, but only one of these was purchased. A detached residence in Hampstead-hill-gar-dens, Hampstead, containing four bedrooms, four principal rooms, drawing, dining and morniDg rooms, conservatory, billiard room, and other accommodation, let at £180 per annum, and held for an unexpired term of 85 years, at a ground rent of £22 10s , was disposed of under the hammer of Mr. Gibson Cracknell (Messrs. Middleton and Cracknell) for £2,200. Mr. Harry Jones (Messrs. Jones, Son and Day) sold a freehold house and shop in Beaconsfield-road, Plaistow, of the presumed annual value of £30, tenant paying rates and taxes, for £240 ; and a similar property in Creighton-avenue, White Horse-lane, Barking-road, East Ham, estimated rental £40 per annum, for £280. Mr. Jones also sold several plots of building land in the same neighbourhood. Two semi-detached villa residences in Overton-road, Brixton, each let at £45 per annum, and leased for 62| years unexpired, at a ground rent of £10 iOd., were disposed of by Mr. Percy A. Timbs (Messrs. Broaie, Timbs and Co.) at £835 ; a family residence in Wiltshire-road, Brixton, let at £55 a year, and beld under similar conditions, being also sold at the same auction for £440. Several long-leasehold house properties in Finsbury-park, Kilburn, Harlesden and Kensal-green commanded excellent prices under the hammer of Mr. G. T. Perrin (Messrs. Robson and Perrin).
Tuesday.
Eighty-two houses (25 with shops) and 22 workshops in the Clerkenwell, Finchley, Hackney, and Homerton districts formed the attraction at the two days’ sale by Mr. Henry Donaldson (Messrs. H. Donaldson and Son), which was concluded to-day. The investments, both freehold and leasehold, were readily acquired, and not many lots remained to be disposed of privately. A total of £7,890 was the result of yesterday’s effort, and to-day a further sum of £6,770 was realised, bringing the grand total to £14,660. It will be seen from our results column that the prices in many instances were well above the average. This afternoon there was much activity in regard to small dwelling house investments. “ Everything sold,” remarked Mr. Percy H. Clarke as he ascended the rostrum. The Strand auctioneer is generally pretty successful when he appears at the Mart. On this occasion he sold a leasehold residence in Denbigh-place, Warwick-square, Pimlico, of the estimated rental value of £65 per annum, 28! years unexpired, ground rent £9, for £540; a long-leasehold house in Lindore-road, Bat-tersea-rise, let at £28, ground rent £6 6s., for £440 ; a leasehold dwelling house in Bromar-road, Grove-hill-road, Denmark-hill, let weekly, and producing £44 4s. per
AGRICULTURAL HOLDINGS ACT.
AGAINST AN ARBITRATOR’S AWARD.
APPEAL
On May 3, before a Divisional Court composed of Mr. Justice Darling and Mr. Justice Channell, the case of “Brown v. Cooke” came up. It was an appeal from a decision of the County Court Judge at Doncaster on an application under the Agricultural Holdings Act, 1883 (fully reported in the Estates Gazette, May 28, 1898).
Air. B-earston was counsel for the appellant; and Mr. Shearman for the respondent.
It appeared that Andrew John Brown was the outgoing tenant of Bentley House Farm, of which Sir W. H. C. Wemyss Cooke, Bart., was the owner and incomer. In accordance with the provisions of the Agricultural Holdings Act, -the outgoing tenant gave notice of his claim for com pensation for improvements on the farm, and on May 6, 1897, referees were appointed under the Act, and Mr. Merryweather was appointed umpire. His award was subsequently given for £642 15s. Both parties were dissatisfied with this award, and they mutually agreed to the matter being further referred to a Mr. Lancaster. A variation was then made in the previous award. That revised award, however, still failed to give satisfaction, and application was made to the learned County Court Judge at Doncaster, to entertain an appeal against it. This he refused to do, on the ground that by referring the dispute to Mr. Lancaster the parties had taken the proceedings out of the jurisdiction of the Agricultural Holdings Act, and the decision was given under common law. Hence the present appeal.
At the close of the arguments, Mr. Justice Darling held that- the decision of the learned County Court Judge was right. Since the reference to Mr. Lancaster, the proceedings were no longer under the Agricultural Holdings Act. and the appeal failed. Mr. Justice Channell concurred.
The appeal was accordingly dismissed with costs.
JVIems from the ]Wart
An Estate in
Essex.
A
Two Days’ Sale.
Monday.
Mefsrs. Humbert and Flint, acting in conjunction with Messrs. Alfred Savill and Son, brought to the hammer a freehold manorial estate of 282 acres, known as Shelley Hall, and situate within a mile of the old town of Ongar, Essex. The property was offered in lots, the first of which comprised the old-fashioned residence, described as being in an excellent slate of repair, and standing in well-matured pleasure grounds and gardens, with tennis lawn, hothouse and summer bouse, kitchen garden, two enclosures of meadow land, stables and outbuildings ; the Bridge House Farm, comprising an area of nearly 198 acres, a number of cottages, and the manor of Shelley Hall with its rights and privileges, the whole embracing an area of 208! acres, the annual rent or apportioned rental being £330 14s. 8d. The first offer was £4,000, which represents about £20 an acre, and at the close of the competition the bidding stood at £5,600. The auctioneer (Mr. Flint) was able to sell at this figure. There were six other lots, four of which were disposed of. The only other property submitted by Mr. Flint comprised a freehold site in Great St. Andrew’s-street, Holborn. It is now occupied by a four-story building and basement, consisting of shop, workshops, and living rooms, let at £72 per annum. There is a superficial area of 1,040ft., “forming an eligible site for rebuilding.” Mr. F. O. Moore, surveyor, of Regent-street, was the purchaser at £1,810. D -,j• ״ T , There are upwards of 124 BUlldlat Landaorea of freehold building land Isleworth. on *be Spring Grove Estate, Islewortb, still uncovered, and an opportunity to purchase was afforded at the auction conducted by Alderman Samuel Green (Messrs. Green and Son). A better attendance could hardly have been wished for, but theredidnotseemtobeanypartieular anxiety to secure any of the lots put forward. In the first place the property was submitted as a whole, it being estimated to be capable of yielding building frontages