Catalogue launched for first 2012 auction

2nd February 2012

The first Acuitus auction of 2012 will take place on February 23rd and the catalogue for the sale is online here The auction comprises 30 lots representing retail, office, industrial, leisure and mixed use investments currently producing income of around £2mpa. Lots are offered on behalf of major clients including The Governors of the Schools of King Edward VI in Birmingham, Robert Dyas, Highlands & Islands, The Highways Agency on behalf of The Secretary of State for Transport, Harvey & Thompson and Gentian together with Joint Administrators, Begbies Traynor, and LPA Receivers at BNP Paribas Real Estate and Colliers International. The properties in the auction represent a wide geographic spread across the UK and a similarly extensive range of investment opportunities with guide prices from £90,000 to £2.4m. Stuart Buchanan of Acuitus Finance can also quote financing terms for all of the lots in the sale and can be contacted on 020 7193 2108 or by email on Having transacted nearly £150m of asset sales last year, Acuitus started 2012 as the leading specialist commercial property auction house.

Notable lots in the February sale include:

  • Brel House, West Street, Crewe: Long-dated, geared office investment let to Bombardier Transportation UK until 2073 with seven-yearly reviews to 77.1% of OMRV. Currently producing £178,728 pax.(Guide Price: £2.3m)
  • High Street, Staines:  Freehold bank investment let to Bank of Scotland (t/a Halifax Bank) until November 2022. Producing £150,000pax with a rent review due this year. (Guide Price: £2.4m)
  • Bostock House, Gambrel Road, Northampton: Freehold Ground Rent Investment let to D Jacobson & Sons Limited until 2072 0.63ha (1.53 acres) adjacent to Sixfields Retail Park. (Guide Price: £1m)
  • Market Place, Southwold: Retail unit let to W H Smith until 2022 in prime town centre position. Currently producing £60,195pax. (Guide Price: £875,000)
  • Central Road, Worcester Park: Retail unit let to Marks & Spencer until 2023. Currently producing £137,500pax. (Guide Price: £1.2m)
  • Alexander House, James Street West, Bath: Freehold office investment, situated close to historic city centre. Currently producing £174,292.50 pax with reviews/reversions from 2012. Future residential development potential, subject to consents. (Guide Price: £950,000)

The auction will take place at 2pm on February 23rd at The Millennium Hotel, London W1K 2HP.

The second Acuitus auction of the year is on March 29th and if you would like to discuss entering a lot for this sale – or any aspect of auction strategy – please contact a member of the Acuitus team.