1011
THE ESTATES GAZETTE
June 10, 1899.
who yesterday purchased a big house in George-street, Hanover-square, was an earnest bidder. He offered £10,000, and was well in the running at £11,000, but was “ finished ” when a Mr. Dickson came forward with a bold bid of £11,600, with which he ultimately secured the property as a private investment. The only other lot offered by Mr. Taylor was also of considerable importance. It consisted of a freehold ground rent of £100 per annum, secured upon No. 10, Stafford-street, Albemarle-street, Piccadilly. The premises form part of Shelley’s Hotel and Bestaurant at the corner of Albemarle-street and Stafford-street, and have a frontage to the latter thoroughfare of 29ft. by a depth of 26ft. They are leased for an unexpired term of 69 years, at the end of which there will be a reversion to the full rack rental value. Mr. Marks of the well-known firm of Orgill, Marks and Orgill, was bidding on behalf of a client and became the purchaser at £8,650.
By far the heaviest contri-Crown bution to the day’s total was eases, ^at which came from Mr. E. H. Bousfield (Messrs. Edwin Fox and Bousfield). To be exact, the aggregate amount realised by the Gresham-street auctioneer was £46,880, which is more than all the other dealings put together. The lots submitted comprised first-class leasehold investments on the Portland and Berner's Estate, forming part of the estate of the late Mr. J. Peter Eobinson, which were placed on the market by order of the Court “ Ee John Peter Eobinson, deceased—Clarkson v. Dixon. ” The important shop premises, No. 198, Eegent-street, now occupied by Jay’s, Limited, at a rental of £700 a year, and held on lease direct from the Crown, for an unexpired term of 18 years at a ground rent of £68, were sold for £13,800, Mr. Boyton (Messrs. Elliot, Son and Boyton) being again conspicuous as the purchaser, after a struggle against Mr. F. C. Moore, of Begent-street. The corner premises, No. 201, Begent-street, forming the fine block at the junction of Conduit-street and Begent-street, let on repairing lease at £850 a year, and held on a Crown lease for an unexpired term of 22 years, at a ground rent of £40, fetched £13,500. The other properties disposed of by Mr. Bousfield were as follows:—A net profit rental of £91 for a term of about 20 years, arising from the house and shop, No. 5, Binstead-street, Oxford-street, £1,320 ; a residence, No. 11, Margaret-street, Cavendish-square, let on repairing lease at £125 a year, and held on lease for six years unexpired at a ground rent of £25, £540 ; the corresponding residence, No. 13, Margaret-street, let at the same rental, 32 years unexpired, ground rent £28, £1,310; a residence, No. 20, Margaret-street, let on repairing lease at £275, 26 years unexpired, ground rent £50, £2,780 ; No. 59, Margaret-street, and No. 1, Mar-garet-court, let on repairing lease at £145 a year, 32J years unexpired, ground rent £15, £1,300 ; a house, No. 21, Great Titch-field-street, let at £110, 33 years unexpired, ground rent £50, £760; a residence, No. 78, Mortimer-street, let on repairing lease at £240, 11 years unexpired, ground rent £100, £920 ; a residence, No. 39, Wimpole-street, with stabling, let on repairing leases and producing £340 a year, 22 years unex-pired, ground rent £80, £3,000; a residence, No. 16, Upper Wimpole-street, let on repairing lease at £291 10s., 12J years unexpired, ground rent £80, £1,650 ; a house and shop, No. 11, Berners-street, Oxford-street, let on repairing lease at £160, 16J years unexpired, ground rent, £70, £1,000 ; a shop, No. 474, Oxford-street, let on repairing lease at £420, and held on underlease for a term of 25 years unexpired, ground rent £220, £4,300 ; and a beneficial lease of a residence in Queen’s-gardens, Cliftonville, Margate, for £200.
A freehold house, No. 3, Warw״*- Warwick-court, Holborn, let Holborn. as °®ces f°r a total rental of £120 a year, came under the hammer of Mr. F. G. Wheatley. The rates, taxes, water rates and insurance amount yearly to about £40 leaving a net income of £80 per annum. Mr. Wheatley pointed out that the offices should shortly command much higher rents in view of the several
freehold shops in the Market-place, East Finchley. There were numerous other transactions during the afternoon, including the disposal of a parcel of freehold ground rents amounting to £37, arising from houses in Ismailia-road and Townmead-road, Wandsworth-bridge-road, Fulham, by Messrs. Boyton, Pegram and Buckmaster, for £900 ; of two freehold shops in Beulah-road, Walthamstow, producing £60 a year, and a freehold residence in Grove •road, Wanstead, by Mr. William Houghton, for £800 and £1,210 respectively, and some cottages at Bow and Stratford, by Mr. Mark Liell. Mention should also be made of a successful sale of freehold and leasehold ground rents and houses in various metropolitan districts by Mr. Alexander Bobert-son, of Camberwell.
Wednesday.
Again there was much More activity at Tokenhouse-yard, Properties. and “h® aggregate realisation was very substantial. A number of high-olass residential properties were offered by Mr. W. Boland Peck (Messrs. Hampton and Sons), but in regard to these the results attained were anything but satisfactory. Included in Mr. Peck’s list was a residential estate, known as the Warren, Bushey-heath, and extending to about 37 acres; it had to be withdrawn without a single bid being recorded. Acting in eoujunction with Messrs. G. B. Hilliard and Son, of Chelmsford, Messrs. Humbert and Flint, who, as usual, were represented in the rostrum by Mr. W. H. Flint, invited competition for Graveley’s and Mabb’s farms, Great Wa'tham, Essex, a freehold estate, consisting of a residence with garden ground and paddocks, two homesteads, cottages and gardens, surrounded by enclosures of arable and pasture land, extending to a total area of about 246 acres. After a somewhat slow and uninteresting competition the property changed hands at £2,709, which represents about £11 per acre. At the same auction the town house, No. 50, Lower Sloane-street, which is held on lease for an unexpired term of 84 years, at a ground rent of £60, and is estimated to produce £820 per annum, was purchased for £4,300. A number of residences in Avenue-villas, Child’s-hill, Cricklewood, held on leases of which 79^ years are unexpired at ground rents of from £6 to £7, and let at about £40, were sold for £440 each.
Much interest was man¡־ p. * ... fested in the disposal of a Freehold^ numberof West-end properties, both freehold and leasehold. Early in the afternoon the freehold premises No. 23, Dover-street, situate just off Piccadilly, and forming part of Brown’s Hotel, were introduced to the notice of a large company by Mr. H. Bloss Taylor (Messrs. Browett and Taylor). . They have a frontage to Dover-street of 25ft., with a back width of 25ft., and are let on full repairing lease to Mr. Ford, the proprietor of Brown’s Hotel, for a term of 30 years from December, 1878, at £440 per annum, in consideration of the lessee paying the sum of £1,000 on taking up his lease, and also expending a certain sum on alterations and improvements. It was mentioned that the lease, a renewal of which could be anticipated at its expiration in about 9J years, contained covenants by the lessee to pay all rates and taxes, to insure, not to carry on various trades, and during the last six months of the term to carry out and complete certain restoration works in order ti isolate the premises from those adjoining. By subsequent deeds made between the landlords and the lessee the details of the alterations, additions and restoration works were modified and to secure the restorations being effectually made a sum of Government Stock was placed by the lessee in the joint names of himself and his landlords, and the trusts thereof were by certain other deeds. Upon completion of the sale that sum of stock, now consisting of about £400 15s. consols, would be transferred into the joint names of the purchaser and the lessee, and would be held by them upon the trusts. A few questions upon the various covenants were satisfactorily answered by Mr. Taylor, who accepted a bid of £6,000 to start with. I noticed that Mr. James Boyton (Messrs. Elliott, Son and Boyton),
character. Mr. Chinnock submitted for competition the Thorpe Perrow Estate, Suape, Yorks, which covers an area of 7,592 acres. The first lot, 5,869 acres, was bought in at £150,000, when the bidding had reached £145,000. Another property offered by Mr. Chinnock comprised a free hold estate in Ireland. It was described as Desertmartin, County of Londonderry, embracing an area of 662a. 3r. 6p., and producing £454 per annum. In this instance a sale was effected, the price realised being £5,300.
This was the largest of five cha^nt' estates offered by Mr. Charles Beaconsfield.FhiUips (Messrs. Walton and Lee.) It is situate about five miles from the pretty village of Beaeons-field, and a like distance from Uxbridge, extends over an area of nearly 1,000 acres, and comprises a mansion house in the embattlemented Tudor style of architecture, which stands about 200ft. above sea level, in the centre of a timbered park about 250 acres in extent. The property also includes a dower house, known as Chalfont Lodge, three farms and a number of cottages, allotments, gardens, etc. Messrs. A. Savill and Son, of New Broad-street, were concerned in the sale, and Mr. Alfred Savill was not the least conspicuous among those in attendance. Among other auctioneers and surveyors present was Mr. Edward Millar¿, who, when tbe bidding stood at £41,500, and the property was declared in the open market, made an offer of £42,009, and subsequently became the purchaser at £43,500. The other properties dealt with by the Mount-street auctioneer included the	Boycott Manor Estate, Stowe,
and	541	acres, which	was sold
for £11,500 ; the Starborough Castle Estate, Lingfield, Surrey, 394 acres, withdrawn at £16,500, and the leasehold residence, No. 50, Draycott-place, Chelsea, 81 years unexpired ground rent £65, withdrawn at £7,600.
Mr. James Boyton (Messrs. Substantial Eih0(J, Son and Boyton), who, with Mr. W.	H. Warner
(Messrs. Lofts and Warner), Mr. F. C. Moore,	and	other West-end	agents, was
present at an important sale by Mr. Bentley J. Bridgewater (Messrs. Debenham, Tewson, Farmer and Bridgewater), became the purchaser of the freehold house, No. 12, George-street, Hanover-square, W., rental £220 per annum, at £6,600. The following were the other lots sold by the Oheapside firm : a freehold shop and office premises, No. 31, Oockspur-street, Charing-cross,let to Messrs. Boss, Limited, opticians, on lease at £420 a year, £11,100 ; the freehold business pre-miaea, No. 10, Gresham-street, City, total rental £445 a year, area 750 square feet, £6,800 ; two shops and premises, Nos. 6 and 7, Aldgate, City, producing on repairing and building leases £335 per annum, area 2,280 square feet, £10,100, andalso afreehold ground rent of £85 per annum, secured on warehouse premises in the rear, reversion in 56 years to a rack rental of £300, £5,490 ; a freehold corner shop and dwelling house, No. 296, Clapham-road, and two freehold dwelling houses, adjoining, total rental £230, £5,490; a number of freehold ground rents in Paddington, and two leasehold houses in Begent’s-park and Maida-vale. Mr. Francis Inman Sharp, on behalf of Messrs. Batchelar and Son, Limited, found a purchaser for Fairlawn, Caterham, a residential property of about 5J acres, at £6,250; whilst a freehold country mansion distinguished as Lisney House, Erith-on-Thames, Kent, with grounds and eight acres, was among the lots sold by Mr. Walter Parish, the price realised being £3,000. Mr. Percival Tuckett (Messrs. Tuckett and Son) had come to offer a City freehold, comprising a factory on the north side of King’s Head-court, Beech-street, Barbican, and having a superficial area of about 800 square feet, and also a freehold residence known as the Bed House, Cranford, which properties were disposed of for £1,650 and £1,145 respectively. The £1,080 taken by Mr. Charles Sparrow7 (Messrs. Charles Sparrow and Son) for a freehold residence in Alexandra-grove, North Finchley, let at £62 10s. a year, must be regarded as a good price, as also was the £835 realised at the same auction for two
)VlemsfFom the ]Wart
Monday.
Of the 63auctionsannounced Premises for thiis week, the offer of the Bond-street. Corporation lease of the important business premises, Nos. 157a, 157b and 158, New Bond street, W., was one of the most important; Mr. Alfred Savill (Messrs. A. Savill and Son) was the auctioneer entrusted with its disposal. The property, which is situate midway between Grafton and Bruton-streets, on the west side of the thoroughfare, has a frontage of 36ft. and covers a total area of about 3,480ft. It is held from the Corporation of London for a term of 40 years from Lady-day, 1894, at a rental of £25 per annum, perpetually renewable every 14 years on payment of a fine of £125. The whole is let on one underlease for 21 years from December, 1888, at £1,000 per annum, and is subleased to various tenants at rentals amounting to an estimate of £1,780 per annum. There were a good number of bidders, and advances upon a rather modest starting offer came freely. In the result, Mr. Savill was able to sell the property for £30,300. The Wick Farm, Wickford, Essex, with house, buildings and about 21acres of land, all freehold, was disposed of by Mr. Savill, for £2,950. Mr. James Green (Messrs. Weatherall and Green) had on offer the freehold residential and building estate known as Colehill Cottage, situate at the junction of the Fulham-palace-road and Oolehill-lane, and just opposite the entrance to Bishop’s-park. The property comprises a residence with stabling, outbuildings, lawns and kitchen garden, containing nearly two acres, and it was pointed out from the rostrum that by judicious arrangement a suitable area of land could be retained for the existing house, and the residue profitably utilised for building purposes without depreciating its residential amenities. The price realised was £7,000. Mr. Green also sold a residence, No. 24, Gilston-road, South Kensington, let at £120 per annum, and held for 32 years unexpired at a ground rent of £10, for £1,400; and the 44 years’ leases of three houses in South-street, West Brompton, let at gross rents amounting to £78, total ground rent £14 10s., for £530. Mr. W. W. Bead (Messrs. W. W. Bead and Co.) had before him a numerous though, unfortunately not an eagerly bidding company, and residences of a good class, principally leasehold, at Sutton, Notting-hill and. Forest-hill, and also a number of terrace houses in Weymouth, had to be taken back. The only lot sold by M'r. Bead from the rostrum comprised a freehold residence in Truro-road, Wood-green, of the estimated rental value of £65 per annum ; it fetched £750. Mr. Henry Hooper had a long list of suburban investments, none of which were sold ; Mr. How (Messrs. Gilbert and How), on his first'appearance in a Mart rostrum, had to withdraw some properties in Hornsey-rise and Stroud-green, whilst Mr.: W. F. Nokes (Messrs. Nokes and Nokes) was unsuccessful in regard to a freehold residence in Lordship-road, Ohes-hunt, and several plots of freehold land in Muswell-hill and Caterham, the only lot sold under his hammer comprising Nos. 11 and 12, Wells-street, Gray’s-inn-road, leasehold for 43 years at a ground rent of £10, and let at £97, which fetched £870. A freehold residence, called Pinewood, Farnborough, Hants, which, with stabling and grounds, covers about 3J acres, was bought in by Mr. W. B. Nicholas at £6 000, when the bidding had reached £4,750.
Tuesday.
There was every evidence N at* ^1’s afternoon that the busy £150,000. season had commenced. Besi-dential and other properties of considerable importance were placed on the market, and these, of course, had attracted a large crowd of capitalists. The sale rooms were all well filled, particularly those on the ground floor, where Messrs. Debenham, Tewson, Farmer and Bridgewater, Messrs. Walton and Lee, and Messrs. Chinnock, Galsworthy and Chinnock, were offering properties of a very substantial