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NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE
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More
information and full contact details for
all the following sales are
available in the database - just type in the name of the
auctioneer of your choice into the search facility. If you
are a member of GAUK please note that the
following information is available in the news section as
soon as we get it.
Fleet
Auction Group (Trade)
FLEET
SALE
THURSDAY 5TH AUGUST 2004
11.00am
Team
Auctions, 60 Bentinck Road, Newcastle Upon Tyne.
Tel: 0191 226 0670. Sales of commercial catering equipment
at 11am. Wednesday 4th August at the Oaklands Country House
Hotel, Millington Lane, Gorstage, Weaverham, Cheshire.
Monday 9th August at the Hilton Dundee, Earl Grey Place,
Dundee. Tuesday 10th August at the Balgeddie House Hotel,
Glenrothes, Fife. Wednesday 11th August at the Albert Hall,
Dumbarton Road, Stirling. Thursday 12th August at Springwood
Hall, Border Union Showground, Kelso.
Lithgow
Sons & Partners, The Auction Houses, Station
Road, Middlesborough. Tel: 01642 710158. Wednesday 4th
August at 11am; a sale of new shop stock and home furnishings.
Taking place at The Auction Houses.
Frank
Hill & Son, 18 Market Place, Patrington, Hull,
East Riding Of Yorkshire HU12 0RB Tel: 01964 630 531. Saturday
7th August; sale of household furniture and effects, tools
and equipment, riding tack etc. Taking place at The Poplars,
The Green, Old Ellerby, Hull.
FPD
Savills, 4 St. Peter's Gate, Nottingham. Tel:
0115 934 8100. Tuesday 10th August; a sale of motor vehicles.
Taking place at Tors Coaches, Colwich Ind. Est., Colwich.
Tuesday 17th August; a sale of vehicle workshop equipment,
sheet metal and fabrication equipment metallurgy equipment
etc. Taking place at Sandwell College, Sandwell Campus,
Woden Road South, Wednesbury.
Smith
Hodgkinson & McGinty, Knowsley Way, The Auction
Centre, Unit B, Haslingden, Rossendale, Lancs. Tel: 0161
233 2900. Wednesday 11th August from 9am to 4pm; a tender
sale of copper cylinder, polishing and engraving plant.
Taking place at Technology Wigan Ltd, Redgate Road, South
Lancs Ind. Est., Wigan.
Property
News
Hi,
Spanish
Villas Available At 30% Below Market Value, New Ground-Floor
Syndicate Opportunity For Only 5,000, Glasgow Off-Plan
Development With 15% Discount
Its
Peter Parfait, with further selected, well filtered, investigated
and recommended property opportunities and services for you.
First of all, heres news from Jonty Crossick of Ready 2 Rent:
-------
Spanish
Villas Available At 30% Below Market Value - Double Your
Money Immediately
I have recently made several trips to Spain, exploring the entire Andalusia
region. The deal that I found in Turre, near the famous village of Mojacar
in the province of Almeria, was so good that I parted with a substantial amount
of euros to secure. Turre is set in an area that still tastes of authentic
Spain and is tipped for strong growth as land prices soar. This deal has everything.
Best of all, I can offer you Spanish villas at 30% below their market value.
If you put down a 30% deposit on the property then, given instant equity of
30%, you have, on paper, more than doubled your money in an instant. Deals
dont come any better.
The
great aspect of this offer is that the villas are affordable
to most of my investors: 160,000 (108,000) makes it affordable
for more people. At current market values these villas are
worth about 230,000, so your instant equity is 70,000, or
just over 47,000. In simple terms, youre putting down 32,400
to make instant equity of 47,000. Before transaction costs,
thats turning 32,400 into 79,400, which is more than doubling
(2.45 times, in fact!) your money.
Whats
more, you have this superb upside while your downside risk
is minimal, because you have 30% in the deal. The market
would have to fall by 30% for you to start losing. I particularly
like deals where the downside is small and the upside is
superb.
I
like to separate fact from fiction. Speculation is like gambling,
whereas investing is more considered and prudent. I believe
that investing in Spains Andalusia region represents an intelligent
move. There are a number of contributing factors to explain
why:
Property
prices in Spain have risen by 284% between 1987 and 2002.
Property prices have increased by nearly 100% in the last decade.
The property market in Spain rose by 17.3% last year.
Spain is now the worlds top tourist destination, with over 50 million visitors
a year.
Last year 190,000 newly built holiday homes were sold in Spain.
Half of these holiday homes were sold to foreigners who spent a record 7.2
billion.
What
I love about the Almeria region is that it still offers the
holiday-maker, the part-time resident or the retiree a place
in real Spain. Compared to the Costa del Sol or the Costa
Blanca, this region offers its visitors an authenticity that
over-development elsewhere has destroyed forever. As people
become more discerning, I think this will prove increasingly
attractive.
You
cannot do better than invest in a new hotspot, in a country
with a strong track record and at prices which are 70,000
below the market value. As such, we dont expect supply to
last for long, so call our hotline on 01273 609 267 to reserve
your 30% under-market-value property now. As usual, Ready
2 Rent will offer a full team of letting agents, lawyers,
accountants and mortgage brokers to make your deal as hassle-free
as possible.
-------
New
Ground-Floor Syndicate Opportunity For Only 5,000 - 4:you
Property Partners plc
4:you,
the new company formed by Chris Howard, Bill Ryan, Nick Rampley-Sturgeon,
Andrew Reeves and a number of other colleagues experienced
in property investment and development, has extended the
period during which shares in their new venture will be available
to the public. They are being offered for subscription at
10 per share, with a minimum investment of just 5,000.
Bill
Ryan, 4:yous Investor Relations Director, says: The response
has been really quite overwhelming and were delighted that
we seem to have got it right. Were taking calls from investors
for much of every working day, from high net worth individuals,
for whom an investment of 100,000 is just to test the water,
to people for whom the minimum investment of 5,000 is pretty
much all the capital theyve got.
It
does appear that were offering exactly what a large number
of investors want: an opportunity to have a stake in a substantial
European-wide property portfolio on a hands-off basis. Many
people have told us that they want to take advantage of the
new emerging eastern European markets, but they feel they
just dont have the time or the experience to invest there
personally. So theyre delighted that were offering a means
for them not to miss the boat and get in on the anticipated
growth at the ground-floor level.
Some
investors have told us that they want to be a part of what
were doing, but that they need a little more time to free
up their funds, so were pleased to extend the subscription
period accordingly. We havent yet been able to return all
the calls and e-mails weve been receiving, so taking this
all together weve decided to extend the offer period.
Meanwhile,
our minimum subscription has been achieved quite a while
back and were confident that well raise several million pounds
before we finally close the offer. The date at which we will
close it hasnt yet been decided by the 4:you board.
On
our own investment front, because were seeking to add to
our international portfolio all the time, were now working
to establish links in Croatia to add to our eastern European
portfolio. Beyond Europe, were currently researching opportunities
in South Africa, Florida and the Bahamas, although we havent
made any commitments there yet.
For
investors who may have missed our last two months reports,
4:yous strategic intention is to invest in property in a
number of countries in mainland Europe, as well as the UK,
thereby creating an attractive ready-made opportunity for
the private investor as a shareholder in the company. The
company is currently extending its vision to look further
afield as well, as evidenced by Bill Ryans remarks above.
4:you
plans to increase their underlying asset value by an amount
in excess of 15% per year. This will depend upon the performance
of the property investments 4:you makes, but the directors
are confident of success and believe this is a realistic
target.
Speaking
on the topic of eastern Europe at the recent Property Investor
News Conference at the Savoy Hotel, Chris Howard, the companys
MD and an experienced executive (previously with Unilever,
KPMG, the British Tourist Authority, PriceWaterhouseCoopers
and the Cabinet Office) said: We could increase our underlying
asset value by anything between 15% and 50% per year in the
next few years. Frankly, Id be more surprised if it was less
than 25% than if it were more.
By
investing in 4:you shares, investors will effectively buy
into a property portfolio of carefully selected opportunities
across a number of international property markets: France,
Spain, Italy, the Czech Republic, Hungary, Bulgaria, Poland,
the Baltic States, Cyprus and the UK. Apart from one off-plan
investment in Leeds, the company aims to focus only on high-margin
development projects here at home. 4:you will seek the best
returns, but will spread the risk more broadly than if an
investor were to buy individual properties on his or her
own account in any one property market.
Further
Research: For more details and a prospectus, please contact
Bill Ryan on 0800 040 7904, or e-mail invest@4:you.uk.com.
Alternatively, their website, which provides more information
about the company and their investment strategy, can be found
at 4you.uk.com.
-------
Glasgow
Off-Plan Development With 15% Discount
Further
to The Property Associations recent announcement and the
success we have enjoyed with this development, we now have
complete exclusivity on the Graham's Yard complex in Glasgow.
We are therefore pleased to offer further availability in
the most popular blocks and a final opportunity to acquire
property in one of the hottest regeneration areas in the
UK.
This
is a really low-money-down deal, requiring just 8,000 in
up-front funds, with nothing further to pay until the end
of next year. Once again, this property represents truly
affordable housing for buy-to-sell investment. With fully
assignable contracts, you can sell for profit before you
complete. For buy-to-let, rental coverage should perform
well against mortgage borrowing.
Property
Overview
The
development of 248 two bedroom and 5 three bedroom penthouse
apartments is on the edge of Glasgow city centre. These have
been allocated to The Property Association at a discount
of 15% off the current market value. The market values have
been endorsed by two of the largest firms of RICS surveyors
in Scotland. The contracts are fully assignable prior to
completion and for those wishing to let their property, rental
coverage of borrowing should be easily achievable.
Glasgow
is currently undergoing a compete transformation as a residential
destination. This residential regeneration began in the housing
boom of the late 1980's with the creation of an area within
the city centre called the Merchant City. This saw the first
development of new homes in Glasgow aimed at the young executive
market and by the early to mid 1990's the Merchant City had
become established as the core residential district of Glasgow.
In 1999 Glasgow was awarded the title of year of architecture
and design and from this point to the present day there has
been an explosion in residential development in the city
centre.
Most
of these new developments have been in the region of 200
- 250 per sq ft with high spec fit outs and achieving prices
in the region of 200,000 and upwards. The average discounted
price for this property is a stunning 178 per square foot.
The prices include parking and in addition to a high specification,
all units have fitted wardrobes and an en-suit master bedroom.
Glasgow
is also considered to be at the fore-front of modern culture
within the UK with come of the countries leading style bars,
night clubs and restaurants located within the city. Additionally
it is considered to be, by most in the field, to the premier
retail destination in the UK out-with London. Despite all
this the core city centre area of Glasgow is not more than
two miles square and Grahams Yard lies on the eastern edge
of this district.
Grahams
Yard lies immediately adjacent on the east of the Merchant
City, next to the afore mentioned Monument and between the
Merchant City and other successful developments such as Dennistoun
Village and Silvergrove. Grahams Yard therefore offers a
location which is comfortably within walking commuting distance
of the core retail and office districts of Glasgow at a level
which is more in line with affordability level based on the
average salary income in west central Scotland.
Property
Information In Brief
Location:
Just East of Glasgow City Centre
Type Of Property: New build, 2-bed apartments and 3-bed penthouses. High spec
with en-suites and parking included.
Type Of Transaction: To be acquired off-plan. Exclusive TPA opportunity.
Build Time: Up to 15 months, with estimated completion in Q4 2005. Fully assignable
during build.
Size Of Building: Eight separate blocks, the highest of which will be seven
floors. 248 units in total.
Units Available: 111 two-beds en-suite apartments and 1 three-bed penthouse.
Negotiated Discount: 15%, resulting in average prices of just 178 per square
foot.
Prices: Net prices of 112,000 to 155,000 for a two bed en-suite apartment with
parking.
Buy-To-Sell: Contracts are fully assignable prior to completion. You can sell
for profit before you complete.
Buy-To-Let: Average rental is currently 750 to 850 pcm for a 2-bed en-suite
apartment in Glasgow.
Required Payments: 1,000 Reservation Fee, 4,000 Arrangement Fee and 2,500 Deposit
on Missives (exchange). Missives will occur within 28 days of reservation.
Only 7,500 up-front funds required, with the remainder on completion.
Re-Sales & Lettings: A local Estate Agent will be appointed for re-sales
of those wishing to sell prior to completion. Local Letting Agents will be
briefed for those wishing to rent their apartments. Furniture packages are
available at competitive prices.
Detailed
Information: To view the e-brochure for this property, please
go to the following link and register for free:
http://www.thepropertyassociation.co.uk
-------
I
trust that these updates continue to assist with your property
investment success.
Best regards,
Peter Parfait.
The
Positive Club
“The
way you go in – in the morning – is the way they
leave at night!”
A friend of mine called Paul is often accused by people, accused with a smile
on their faces, of taking ‘Happy Pills’ every morning!
Why?
Simply because whenever you see him – he’s smiling, happy and displays
a positive attitude!
What a great reputation to have.
And isn’t it just so true that the way that we go into work in the morning
is going to have such an effect on the people we work with.
It’s likely to affect them all day. It’s likely to affect the way
they work and it’s definitely going to affect they way they leave to
go home at night.
Ok – so we might have had a hard time getting the kids ready for school,
we might have had a difficult journey to work with the ever-increasing discourtesy
we encounter on the roads, we might even just be in a bad mood because it’s
raining – but –
If we just take a moment before going into work, take a deep and invigorating
breath, stitch a smile on our faces (and minds) and walk in with a positive
attitude - just think what a difference that will make.
After all – life’s a mirror – whatever we give out we get
back.
I’d rather be accused, like Paul, of taking my ‘happy pills’ than
be counted amongst those who are living for Friday night, bored with their
existence and seemingly determined to ‘infect’ everyone else with
their negativity.
Peter
Thompson
peter@tgimondays.com
GAUK
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Kind
regards
Government
Auctions UK Team
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