Commercial Property Auction Catalogue launched for July 2017 Acuitus auction

The next Acuitus commercial property auction will offer 83 lots and will take place on Thursday, July 13th at 1pm.

The auction encompasses a wide range of retail, office, industrial and leisure assets producing current total rental income of around £6.3m.

Lots have been entered by vendors including LaSalle Investment Management; Legal & General, M&G Real Estate; Wesleyan Assurance; MSeven; Stonegate Pub Company; St Johns College, Oxford; together with Administrators and LPA Receivers at CBRE and Deloitte. Properties in the auction include:

  • London W2, Edgware Road: Substantial leasehold investment comprising 7 shops and two flats. Fully let producing £320,000pax Guide price: £3m-£3.25m
  • Skipton, High Street: freehold (?) bank investment let to Barclays plc until 2026 (subject to option) adjoining Craven Court Shopping Centre. Current income: £140,000pax. Guide price: £1.55m-£1.65m
  • Liverpool, Hunts Cross Retail, Speke: 4 units totalling 70,973 sq ft (plus mezzanine) on a site of 3.45 acres. Tenants include Matalan, Next & Poundstretcher. Current income: £701,144pax. Guide price: £4.75m
  • Weymouth, Crescent Street: 9,801 sq ft leisure investment let to Gala Leisure until 2039 (no breaks). Current income: £72,556.22pax with annual RPI uplifts. Guide price: £1.05m
  • London WC1, Gower Street, Bloomsbury: reversionary leasehold investment let to University College London until 2028. Current income: £513,000pax. Guide price: £4.25m-£4.5m
  • Hinckley, Phoenix Business Park: fully let 15,340 sq ft industrial estate comprising 18 units and producing £89,040pax. Guide price: £975,000
  • Chorley, Fairclough House, Adlington: 42,191 sq ft modern office building. Lease guaranteed by Fairpoint Group plc and currently producing £700,356pax. Guide price: £3.6m+
  • Beccles, Saltgate: restaurant investment let to Prezzo until 2045 (no breaks). Current income: £70,000 pax with five-yearly RPI rental uplifts. Guide price: £1.25m-£1.3m

The auction team look forward to seeing you at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG at 1pm on Thursday, July 13th.