Properties with scope for development feature in the catalogue for the Acuitus auction on December 11th.
Two vacant freehold office buildings in Manchester’s Green Quarter with potential for redevelopment are being offered with a guide price of £1m. The properties at 20 Lord Street and 30 Stocks Street currently comprise 10,641 sq ft of space on a 0.09-hectare site.
David Margolis of Acuitus comments: “These assets will be of interest to developers. They are positioned in an increasingly stylish area on the north side of the city which has seen an influx of new residential development in recent years”.
The sale also features the Kingstanding Shopping Centre. Located in a busy north Birmingham suburb, the 48,000 sq ft open-air centre comprises 23 units and parking for 70 cars on a total site area of two acres. The asset produces current annual rental income of £200,000 and is being offered with a guide price of £1.5m.
Acuitus’s Charlie Powter comments: “Given the centre’s very prominent location and footprint, it offers both current income and the potential for some form of future development”.
The auction features a total of 44 lots generating total rental income of around £2.7m with guide prices ranging from £180,000 to £3.5m.
Other properties in the auction include:
The auction will take place at the Montcalm Hotel London W1 on 11th December at 2pm.