The July Acuitus auction will offer for sale a high quality catalogue of 54 lots producing more than £4.4m of rental income.
The catalogue encompasses retail, office, industrial and leisure assets across the UK and particularly features a number of assets located in London. Guide prices for the lots on offer range from £85,000 to £3.9m. Properties featured in the auction have been entered by vendors including LaSalle Investment Management, Heron Foods, Wesleyan, Next PLC and Nationwide Building Society together with major banks, investment funds, trustees, and LPA Receivers and Joint Fixed Charge Receivers at JLL, Savills, Fairacre and Edward Symmons.
Properties in the auction include:
- Ask Restaurant, Regents Park Road, London, N3: Ask Restaurant, Regents Park Road, London N3: freehold restaurant investment let to Ask Restaurants (guaranteed by Ask Central Ltd) on a 25 year lease until June 2029 at a current rent of £115,250 pax. Guide price: £1.975-2m
- Arliss Court, 24 Clarendon Road, Watford: Arliss Court, 24 Clarendon Road, Watford: freehold multi-let office investment with planning permission for 34 flats. Currently producing income of £117,865pax. Guide price: £1.5m-£1.75m
- Sovereign House, Ballards Lane, London N3: Sovereign House, Ballards Lane, London N3: multi-let freehold retail and office investment currently producing income of £382,931pax. Guide price: £3.9m+
- Riverside Walk, Thetford, Nortfolk: Riverside Walk Shopping Centre, Thetford, Norfolk: 18 retail units in two unbroken parades and currently producing income of £445,675pax(gross). Tenants include Argos, Lloyds Bank and Specsavers. Guide price: £2.5m
- 408 Holloway Road, London N7: 408 Holloway Road, London, N7: freehold bank investment entirely let to Santander UK (in occupation since 1971) at a current rent of £77,500pax. Guide price: £1.05m
- 130-136 Poole Road, Bournemouth, Dorset: freehold language school investment currently producing £202,937pax with annual fixed 2.5% rental uplifts. Lease guaranteed by Kaplan Inc. until 2030. Guide price: £2.3m+
- 277 Kensal Road, London, W10: freehold retail and residential investment currently producing £109,102pax. Ground floor shop let until 2025 with no breaks, and six flats above. Guide price: £1.25m
- Guildgate House, High Street, Crowthorne: freehold retail and office investment with planning consent to convert change of vacant upper parts to residential. Currently producing income of £49,750pax. Guide price: £1.1m
- 422 Garratt Lane, London, SW18: 422 Garratt Lane, London, SW18: freehold restaurant and residential investment with restaurant let on new 15 year lease until 2029 and four AST flats above. Current income of £88,824pax. Guide price: £1.1m
- Ask Restaurant, Gandy Street, Exeter: freehold restaurant investment let to Ask Restaurants (guaranteed by Ask Central Ltd) on a 25 year lease until June 2029 at a current rent of £166,411pax. Guide price: £2.4m
- Iceland, Grange Road, Birkenhead: freehold supermarket investment let to Iceland Foods until 2024 (no breaks) at a current rent to be £175,000pax. Guide price: £2.25m
- Lloyds Bank, 112 High Street, Bromsgrove: freehold bank investment entirely let to Lloyds Bank plc until 2026 (no breaks) at a current rent of £81,500pax. Guide price: £1.09m
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 Millennium Hotel, Grosvenor Square, London W1 at 1.30pm on July 9th.
