The catalogue for the first Acuitus auction of 2016 can be viewed here
The sale will offer 72 lots on Thursday, February 11th, and follows an exceptional 2015 when buyers and sellers drove activity at Acuitus auctions to a record level. The February sale encompasses a wide range of retail, office, industrial and leisure assets producing current total rental income approaching £5m.
There are an extensive range of investment opportunities with guide prices from £20,000 to £2.95m. Lots have been entered by vendors including Highlands & Islands Enterprise, Buccleuch Property and McDonald’s Restaurants Limited together with major banks, administrators and LPA Receivers at CBRE, Colliers International, Deloitte, KPMG and Savills. Lots in the auction include:
- Leeds, Becketts Bank, 28-30 Park Row: freehold city centre public house investment let to J.D.Wetherspoon plc until 2040 (no breaks) at a current rent of £165,000 pax. Guide price: £2.95m
- Sheffield, Castlegate House, 12-18 & 20-22 Haymarket: city centre retail investment. 9,222 sq.m. (99,275 sq.ft.) approx. entirely let to BHS Properties until 2065 and Frozen Value Limited until 2023 with current income of £531,000pax. Guide price: £2.75m
- Stratford upon Avon, 29 High Street: Very well located retail and residential investment. Shop let to Robert Dyas Holdings Limited with vacant residential above with planning consent. Guide price £1.275m
- Northfield, 1 Chatham Road: Let to Kwik-Fit Properties Limited with guarantee until December 2030 at a current rent of £186,956pax. Guide price: £2.3m
- Harrow, 10-12 St. Anns Road: two prime freehold retail units (one with vacant possession) and two residential flats plus a vacant first floor with residential planning consent producing current rent of £46,314pax. Guide price: £1.5m
- Great Yarmouth, 40-42 Market Place: freehold bank investment let to Barclays Bank plc on new FRI lease until 2029 (subject to option) at a current rent of £125,000pax with vacant upper parts with residential planning potential (subject to consents). Guide price: £1.4m
- Kingston upon Thames, Tesco Express, 11, 12 & 14 The Triangle: freehold supermarket investment entirely let to Tesco Stores until 2024 (no breaks) at a current rent of £80,759pax. Guide price: £1.3m-£1.35m
Stuart Buchanan of Acuitus Finance can quote financing terms for all lots in the sale, and can be contacted on 07879 432868 (stuart.buchanan@acuitus.co.uk).
The auction will take place at The Radisson Blu Portman Hotel, 22 Portman Square, London, W1 at 1.30pm on February 11th.
