The third Acuitus auction of 2015 will take place on May 21st and the catalogue for the sale can be viewed online here
Our March auction achieved a sale rate of 98% as more than £40m of assets were sold. The May auction offers 69 lots encompassing a wide range of retail, office, industrial and leisure assets producing current total rental income in excess of £5.5m. The assets for sale represent a wide geographic spread across the UK and a similarly extensive range of investment opportunities with guide prices from £50,000 to £3m.
Lots featured in the auction have been entered by vendors including Legal & General, JLL, CBRE Global Investors and Morrisons together with major banks, administrators and LPA Receivers including, Moorfields Corporate Recovery, CBRE, Savills and DTZ.
Included in the sale are 16 banks let to National Westminster Bank plc or The Royal Bank of Scotland plc until at least 2026. Guide prices for the lots range from £105,000 – £1.4m. The auction will also feature four freehold public house investments let to the Stonegate Pub Company Ltd for 25 years. Guide prices range from £570,000-£3m. Other lots in the auction include:
- Worcester, Foregate Street: Freehold leisure investment let to Odeon Cinemas Ltd until 2038 with annual RPI rental uplifts. Producing £102,643pax. Guide price: £1.35m+
- Winchester, High Street: Freehold public house investment let to Mitchells & Butlers Retail Ltd until 2042. Producing £89,000pax. Guide price: £1.4m+
- Grantham, The George Shopping Centre, High Street: 23 retail units with current rent reserved of £380,991pax. Guide price: £950,000
- Harrow, Station Road: Freehold retail investment let to Superdrug Stores plc until 2095. Producing £110,000pax. Guide price: £1.9m
- Harrow, St Ann’s Road: Freehold retail investment let to JD Sports Fashions plc until 2024. Producing £105,000pax. Guide price: £1.5m
- Macclesfield, Statham Street: Freehold retail warehouse investment let to Travis Perkins (Properties) Limited and FW Evans Cycles Ltd. Producing £125,000pax. Guide price: £1.3m
- Liverpool, The Estuary Business Park: Liverpool The Estuary Business Park: Two modern office investments producing £231,875pax and £100,000pax. Guide prices: £950,000 and £750,000
- Canvey Island, Hilton Road: Canvey Island, Hilton Road: Freehold retail investment let to W M Morrison Convenience Stores Ltd on a new 15 year unbroken lease producing £55,005pax. Guide price: £825,000
- Wigan, Market Place: Wigan, Market Place: Freehold bank investment let to Barclays Bank Plc until 2022 Producing £144,250pax. Guide price: £1.6mThe March auction will take place at The Radisson Blu Portman Hotel, 22 Portman Square, London W1 at 1.30pm on March 26th.
The auction will take place at The Radisson Blu Portman Hotel, 22 Portman Square, London W1 at 1.30pm on Thursday, May 21st.
