Acuitus launches first catalogue of 2021

26th January 2021

The first Acuitus live-streamed commercial property auction of 2021 will take place on February 11th at 2pm.

The sale features a wide range of mixed use, banking, retail, medical, office, and development assets with guide prices up to £4.25m.

Acuitus Chairman, Richard Auterac, comments: “As a new year kicks into action, commercial property auctions continue to be a conduit for investment enabling buyers and sellers to interact despite the continued disruption of lockdowns.

“There is buyer demand across all property sectors including high street retail and early indications are that investment activity will not be impacted as it was when the first lockdown was announced almost a year ago”.

Among the lots being offered is a substantial freehold retail investment with newly developed residential units in Golders Green, London. It comprises of a ground floor shop let to a hardware/household goods shop and eight newly developed separately accessed flats on the upper floors, ready to be let. It produces annual rental income of £50,000 with a guide price of £4.25m-£4.5m.

Also available are four banks let to Santander UK Plc on new 5-year lease renewals, without breaks, producing annual rents ranging between £22,200 to £27,500. These are guided between £320,000 to £375,000.

Other lots in the sale include:

  • Knowsley Village Medical Centre, Liverpool: Long let purpose-built doctors surgery producing £70,000 p.a.x. Guide price: £950,000+
  • Union Street, Aberdeen: Heritable supermarket investment let to Tesco on a new 15-year lease (subject to option). Producing £79,000 p.a.x. Guide price: £1.1m
  • Diss, Norfolk: Substantial unbroken retail & residential parade with development potential. Producing £171,000 p.a.x. Guide price: £1.7m – £1.8m
  • Farnham Common, Bucks: 4 lots comprising mixed-use ground floor retail and split-level maisonettes on floors above. Units currently producing between £22,500 – £27,000pax. Guide prices: Each at £400,000

The auction will take place at 2pm on February 11th and will be broadcast via livestream on the Acuitus website and will provide remote bidding by telephone, online and proxy.