Acuitus July auction offers £5m of income

22nd June 2018

The forthcoming Acuitus auction on July 11th will offer 91lots which generate income of close to £5m.

With guide prices from £50,000 to £2.5m, the auction will feature properties entered lots from Wesleyan Assurance, Mapeley, The Co-operative Bank, Aviva Investors, M&Co, Canal & River Trust, Waitrose and Orbit.

Among the prime freehold retail investments being offered is 23 Bridge Street in Stratford-upon-Avon. Let to The White Company and producing £147,500pa, the lot is being offered with a guide price of £2.3m-£2.4m. 

Office lots in the sale include Piran House in Redruth. The freehold government-occupied building is let to Mapeley Steps Properties until 2031 with no breaks.  It produces income of £231,170pa with annual RPI uplifts and has a guide price of £2.5m.

Acuitus auctioneer, Richard Auterac, comments: “We continue to see business turbulence – particularly in the retail sector – so investors are looking more closely at assets, but when what they see fits their criteria there is still substantial spending firepower”.

The auction will start at 1pm on July 11th  at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG