Acuitus launches final catalogue of 2020

24th November 2020

Acuitus has launched its latest catalogue for its final live-streamed commercial property auction of 2020 which will take place on December 10th.

Lots for the December auction include a substantial freehold shopping centre in Otley comprising 16 shops, three kiosks, an office and a bus station. The investment currently produces annual rental income of £286,085. It has been offered with a guide price of £1.4m.

Other lots in the sale include:

  • Vissalli House, Leeds: Fully occupied retail parade let to six long standing independent traders and a national charity shop. Producing £229,950pax. Guide Price: £1.4m+
  • Riding Court House & DRG House, Datchet, Berkshire: a 15,272 sq ft freehold office property with parking for 64 cars. Offered with vacant possession. Guide Price: £1.75m 
  • Travelodge Hotel, Cheshire: Hotel investment let to Travelodge Hotels until 2030. Producing £218,610pax. Guide Price: £2.2m-£2.3m
  • 55-61 Regent Street, Wiltshire: High yielding and fully let freehold retail parade investment. Producing £214,369pax. Guide Price:  £1.5m
  • 51 Western Road & 25 Clarence Square, Brighton: Freehold retail & residential investment. Shop let to Greggs with separately let residential above, with further potential development opportunities. Guide Price £975,000+

Acuitus Chairman, Richard Auterac, commented: “After the initial shockwave of the first Lockdown – the auction sector has continued to function and has become an essential route to market for committed sellers of property assets. We’ve been pleased to play a role in this process and – in addition to our multi-lot auctions – have introduced special bespoke online sales for specific assets”.

The next Acuitus Bespoke Online Sale on December 15th comprises three Grade I Listed office/residential buildings in Bath City Centre. The properties totalling 16,877 sq ft produce a current annual income of £226,773 with two vacant flats and two vacant office suites, and offer alternative use conversion potential, subject to consents. It is offered with a guide price of £4m+.

Richard Auterac, commented: “These bespoke sales are set to become an important part of our service to sellers and we are delighted to be offering assets of this quality”.

The December 10th multi-asset auction will take place at 2pm and will be broadcast via livestream on the Acuitus website with bidding by telephone, online and proxy.