The catalogue for the Acuitus commercial property auction on May 23rd features 10 properties with guide prices of £1m or more. The sale will offer a total of 51 properties producing total rental income in excess of £3.3m.
Guide prices range from £85,000 up to £3.75m, and encompass a wide range of retail, office, industrial, ground rent and leisure assets. The highest guide price in the auction is £3.5m-£3.75m for a parade of five shops at 303-311 Lavender Hill in London. The shops are let on leases guaranteed by Whole Food Market Inc until 2030 (no breaks), and are producing current income of £229,475pa which will rise to £248,475 in 2025.
Auctioneer, Richard Auterac, comments: “At our April auction, 40% of the lots sold achieved more than £1m which demonstrated the appetite that buyers have for assets of this scale.
“We expect there to be similar demand in the room at our May sale.”
The lots in the auction include:
The auction will take place at 1.30pm on May 23rd at The Montcalm Hotel, 2 Wallenberg Place, London W1H 7TN.