The catalogue for our second Acuitus of this year will offer 82 lots on Wednesday, March 23rd and can be viewed online here The exceptional level of current investor demand was shown by our February auction which saw 99% of the 71 lots finding buyers.
The March sale encompasses a wide range of retail, office, industrial, ground rent and leisure assets producing current total rental income in excess of £5.75m. There are an extensive range of investment opportunities with guide prices from £75,000 to £2.6m. Lots have been entered by vendors including Fidelity International Investment Management, Royal London Asset Management and Wesleyan Assurance together with major banks, administrators and LPA Receivers at CBRE, JLL, BNP Paribas Real Estate, Savills and Deloitte. Lots in the auction include:
- Canterbury, 13 & 14 The Parade: two prime freehold retail investments let to Mountain Warehouse and Fitzgerald Jewellers producing current income of £212,500pax. Guide price: £2.6m
- Ware, Hertford, Riverside House: unbroken freehold retail parade of 8 shops with 7 flats above comprising around 1389 sq m (14,948 sq ft) with active management potential. Producing current income of £169,480pax. Guide price £2.25m
- Portsmouth, 152 Commercial Road: prime freehold retail investment let to Top Shop/Top Man Properties on a recently renewed lease at a current rent of £160,000 pax. Guide price £1.95m
- Iceland stores in Portchester, Gravesend and Falmouth: offered as three separate lots, Iceland stores all let on leases running until 2030 and producing income of £65,056pax (Porchester), £108,759pax (Gravesend) and £70,740pax (Falmouth) with fixed rental uplifts and respective guide prices of £900,000+, £1.525m and £975.000.
- Chippenham, 1-4 Avon Heights, Monkton Hill: freehold office investment let to Good Energy on a new 10-year lease (subject to option) at a current rent of £160,000pax with residential conversion potential (stc). Guide price: £1.25m
- Rotherham, Unit C Quintec Court, Bardot Hall Industrial Estate: freehold industrial investment let to Courier Logistics on a new lease at a current rent of £72,437pax. Guide price: £760,000
- London N13, Aldermans Hill, Palmers Green: two freehold shops with nine self-contained residential units above and producing current income of £77,460pax. Potential redevelopment (stc). Guide price £1.1m
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).
Please note this auction will be held at the Millennium Hotel, 44 Grosvenor Square, London, W1K 2HP.
