Shopping Centre investments in Formby, Merseyside and Sutton-in-Ashfield, Nottinghamshire are being offered at the Acuitus commercial property auction on December 12th.
In Formby, Merseyside, the freehold of the Cloisters Shopping Parade which comprises a Marks & Spencer food hall, nine shops, a vacant former health centre over the entire first floor and large car park is being offered for £3m+. The investment generates £332,859 in annual rent, with potential to rise to £347,859.
The Idlewells shopping centre in Sutton-in-Ashfield comprises 150,025 sq ft of retail space currently providing 40 units, three kiosks, a cafe, market hall and a multi-storey car park providing 250 vehicle spaces. The property is being offered with a guide price of £3.25m-£3.5m, and produces current net annual rental income of £542,325.
Jon Skerry of Acuitus comments: “Assets of this size, and being the sole shopping centre in the town, will certainly catch the eye of investors looking for investments with active management opportunities”.
Substantial industrial assets are featured in the catalogue. A prime freehold industrial investment in Nottingham has a guide price of £1.95m-£2m. Leased to UPS until 2030, the property generates £145,000 in rental income.
While in Bradford, a freehold industrial estate close to the city’s football ground, is being offered with a guide of £1.7m. It produces £146,000 in annual rental income from 10 fully-let light industrial units.
John Mehtab of Acuitus comments: “Industrial assets always prove popular with investors. Both of these properties offer investors strong revenue streams”.
The auction also features major city centre development/repurposing opportunities in Aberdeen. The Student Union Building & the Clarke Building on Harriet Street totalling 90,000 sq ft has a guide of £350,000-£375,000, Ruby House on Ruby Lane comprises 40,000sq ft and has a guide of £500,000. Also in Aberdeen are a five further office and warehouse buildings with guides from £50,000-£450,000.
Mhairi Archibald, Scottish Consultant for Acuitus comments: “There are several opportunities for investors to capitalise on well-located real estate in Aberdeen, with potential to convert (subject to consents). These are being sold at guides which buyers will find most attractive”.
Richard Auterac of Acuitus comments: “Our catalogue has a wide range of opportunities in a number of different commercial property sectors across England and Scotland and which are available at attractive guides. The upcoming auction is the last opportunity this year to acquire through our auctions properties which will add value to investors’ portfolios in 2025.”
The Acuitus auction will take place on December 12th at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
