The catalogue for the fourth Acuitus auction of 2013 which will take place on July 11th can be viewed here. The sale will offer 61 lots including a high yielding shopping centre investment, a prestigious freehold in London’s midtown and other retail, office, industrial, ground rent and leisure investments with a total rental income of around £5m. The assets for sale represent a wide geographic spread across the UK and a similarly extensive range of investment opportunities with guide prices from £60,000 to £4.25m. Lots featured in the auction have been entered by a wide range of vendors including The Co-operative Estates, Scottish Widows Investment Partnership, Southampton City Council, Sue Ryder, and LPA Receivers and Joint Fixed Charge Receivers at Savills, Jones Lang LaSalle, Edward Symmons, Colliers International and Generator Real Estate Solutions and Joint Administrators at BDO. Properties in the auction include:
- Lowestoft, 112 London Road North: a substantial retail investment in prime town centre location. Tenants include Wilkinsons and Peacocks and currently producing income of £482,000 pax. Guide price £4.25m
- Maidstone, Cornwallis House and Idenden House: two substantial multilet town centre office and retail investment currently producing total income £212,728 pax. Guide price: £1.25m
- 7 Bell Yard, London WC2: freehold office/dental surgery property offered with majority vacant possession and redevelopment potential (subject to consents). Guide Price: £750,000+
- Southampton, 182 & 173-178 High Street: two prime ground rent investments with geared reviews currently producing £33,750 and £49,941pax. Guide Prices: £470,000+ and £660,000+
- Kingsbury Road, Kingsbury NW9: Modern tyre depot investment. Let to Kwik-Fit with guarantor until 2033 and producing income of £76,295 pax with minimum rental uplifts. Guide Price £1.25m+
- Leicester, Liquid & Envy Nightclub: leisure investment let until 2026 (with a guarantee from The Luminar Group) at a current rent £150,000pax. Guide Price: £900,000-950,000
- Leeds, Birstall, Norquest Industrial Estate: industrial investment let to TDG (UK) Ltd with guarantee until 2025 at a current rent £150,477pax. Guide Price: £1.7m
Please note that this auction will start at 1.30pm at The Millennium Hotel, Grosvenor Square W1 on Thursday, July 11th.
