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News Release

London

Attractive Grade II listed building goes under the hammer in next Jones Lang LaSalle auction


London, 7th July 2011 – 29 The Green, a Grade II listed building located in affluent Richmond is available to buy via auction through commercial real estate firm Jones Lang LaSalle on Tuesday 11th July. The freehold of this four-storey part retail, part commercial corner property, being sold on behalf of the receivers, occupies a prominent position overlooking Richmond Green and is in the town’s principal retail thoroughfare. The guide price is £600,000.

Mat Harris, Auctioneer and Director at Jones Lang LaSalle, commented that: “This type of property in this location very rarely comes to the market so we are expecting this lot to be very popular indeed. It is located in one of London’s most desirable suburbs in a pedestrianized area overlooking the The Green, and with the option to convert the upper floors into either residential or office space means this property is a very attractive purchase.”
 
Commenting on the market conditions, Felix Rigg, Director and Principal Auctioneer at Jones Lang LaSalle, said: “Pricing is key in this current market, and those properties that demonstrate the opportunity for planning angles with the potential for alternative uses, create a strong investment. We are witnessing a market where buyers and sellers are meeting in the middle with very positive results.”
For the full property particulars and to view the auction catalogue please visit www.joneslanglasalle.com/property-auctions
 
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Notes to Editors:
 
• The approximate floor area totals 944 sq ft
• Vacant possession
• Potential to convert the upper floors to residential, subject to obtaining the necessary consents
• Richmond-upon-Thames has a population of approximately 172,000, is a prosperous, historic commercial centre and is located 8 miles south west of central London
• Neighbouring occupiers include House of Fraser
• The Jones Lang LaSalle auction is taking place at Le Meridien Hotel, 21 Piccadilly, London W1J 0BH, Tuesday 12th July. For further information contact Mat Harris on +44 (0)20 7087 5496 or Simon Bailey on +44 (0)20 7087 5494