The forthcoming Acuitus commercial property auction will feature lots with guide prices ranging from £75,000-£1.5m.
The sale on the November 4th features a wide range of sectors including development and mixed-use opportunities, in and out-of-town offices, convenience store, banking and retail parade/high street investments.
Acuitus Chairman, Richard Auterac, comments: “With reports around the improvement in the September quarter day rental collection figures, we’re seeing further interest from private investors in retail assets – particularly where the trading location is strong and the rent has been re-based to today’s values”.
One of the larger lots located in Greater London is a freehold retail and charity-let commercial/office investment in Croydon. The retail is let to Footasylum and Juice It until 2026 and 2030 respectively. It produces an annual income of £145,500 and is being offered with a guide price of £1.45m-£1.5m.
Acuitus Investment Director, David Margolis, comments: “The property is prominently located in the heart of Croydon town centre, of which a £5.25bn regeneration is currently underway. About a third of the new homes identified in the local plan are expected to be built in the town centre and the redevelopment of the Whitgift Centre will create a flagship retail destination – making this an attractive investment”.
The sale also features a freehold retail parade and residential ground rent investment in Kennington, London, comprising eight retail units, 20 flats, and 13 garages. It produces annual income of £76,115 and is being offered with a guide price of £1m-£1.1m.
Acuitus Investment Director, John Mehtab, comments: “Retail and residential parades are always popular with investors as they are seen as a secure and diversified investment. In this instance, the property also benefits from being close to London’s South Bank.”
Elsewhere in the sale, a freehold bank investment in Kings Lynn, Norfolk let to Barclays Bank until 2026 and produces an annual income of £152,000 is being offered with a guide price of £1.25m.
Charlie Powter, Acuitus Director, comments: “Banking investments on busy high streets offer are usually substantial properties with good rental income for investors. In this instance, Barclays provides a strong occupier with stable rental prospects”.
Other lots in the sale include:
The auction will take place at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy. Further details here.