Acuitus launches largest catalogue of the year

4th September 2020

The Acuitus live-streamed commercial property auction on September 23rd at 1pm will feature 55 lots – our largest catalogue of the year so far.

The sale features a wide range of industrial, retail, office, assisted living, medical and development assets with guide prices ranging from £40,000 to £3.25m.

Acuitus Chairman, Richard Auterac, comments: “The auction room is attracting growing groups of committed buyers and sellers who see it as a route to market which brings certainty, price transparency and diversity of assets.

“As the market has moved forward in the wake of the Lockdown, the auction room is providing vital insights into investor attitudes and how values are responding. We took the decision to add this auction to our 2020 programme of sales because of the increasing momentum in the market, and the size of the catalogue reflects this.”

Among the lots being offered at the September sale are a major city centre freehold retail parade in Sheffield. It comprises three units let to Co-Op Bank, Skipton Building Society and Toni & Guy, and produces total current income of £186,030pax with around five years term certain on the leases. The guide price is £1.7m-£1.8m which would reflect a net initial yield of 10%.

Richard Auterac comments: “There are many opinions surrounding the future trajectory of UK High Streets. The challenges are obvious, but many buyers are trying to look past the pandemic and see what High Street business are fundamental and will endure over time. The recent changes to the Use Classes Order and the introduction of Use Class E should also create a significant opportunity for investors and developers.”

Other lots in the sale include:

  • 105 Golders Green Road, London NW11: recently let shop with newly developed flats above. Currently producing £42,500pax with four flats ready to let. Guide price: £2m-£2.25m
  • Co-Op, Brampton, Cambridgeshire: freehold purpose-built convenience store with flats, shops and parking. Store let to Co-op let until 2033 (no breaks).  Currently producing £185,100pax. Guide price: £3m-£3.2m
  • The Broadway Mill Hill, London NW7: freehold chemist and residential investment close to Mill Hill Broadway Thameslink station. Currently producing £60,000pax. Guide price: £950,000-£1.05m
  • Units 17-21, Upton Industrial Estate Poole: freehold industrial development/refurbishment opportunity offered with vacant possession. Currently comprises 113,775 sq ft of space on 4.5 acres.  Guide price: £3.25m
  • 46-50 Coombe Lane, Raynes Park, Wimbledon: freehold retail and residential parade with asset management and development opportunities. Currently producing £122,700pax. Guide price: £1.75m-£1.85m

The auction will take place at 1pm on September 23rd and will be broadcast via livestream on the Acuitus website and will provide remote bidding by telephone, online and proxy.